Senior Development Officer - Industrial Real Estate

We at Bridge acknowledge and appreciate the uniqueness of each individual, understanding that our people are the key to our success. We are committed to fostering an inclusive environment where everyone feels respected and valued. Our dedication extends beyond our business goals to making a positive impact in our communities and upholding Sustainability and Responsibility (S&R) principles at our properties and corporate locations. We evaluate all candidates based on merit, without any discrimination based on race, color, religion, sex, age, disability, sexual orientation, national origin, or any other category protected by law. As an equal opportunity employer, we are devoted to creating an inclusive hiring process. We actively work to eliminate barriers and provide reasonable accommodations to qualified individuals with disabilities. Our goal is to provide fair opportunities and access throughout the recruitment, hiring, and employment experience. Your specific needs are important to us. If you need accommodations related to a disability or any other protected status during the recruitment process, please inform us.

Make an Impact

As a senior Development Officer to be based in BLP's East Rutherford, NJ office or Atlanta, GA you will be responsible for multiple development markets across the East Region of BLP. These target markets include NJ, E.PA, Boston, BWI and ATL.

This senior role will lead land sourcing efforts and will be responsible for development projects from land acquisition to lease stabilization. The role will collaborate with the vertically integrated teams based in BLP's NJ and ATL offices. This team in each office is comprised of Investment Analysts, Acquisition Officers, Development Managers and Asset Managers.

• Build and maintain strong relationships, both directly and with brokers in the region; able to effectively source transactions.
• Provide leadership in the deal procurement, negotiation and due diligence process, including creation and review of financial and development assumptions in pro-formas.
• Assess and critically evaluate the potential attributes of a development site, including identification and understanding of a project's market positioning; gather market information through independent field work and direct contact with brokers, appraisers, and developers. Synthesize information and draw a conclusion on the business plan.
• Supervise and participate in the due diligence investigation of new investment opportunities, including coordination with third parties.
• Prepare a comprehensive investment submission; communicate conclusions and investment risk in a narrative presentation to senior management, including approval through presentation to the Investment Committee.
• Manage coordination of post-land acquisition activities alongside the regional development manager, including entitlements, design, construction financing, and construction execution.
• Manage coordination of leasing opportunities, alongside the regional asset manager.
• Communicate with clients, joint venture partners, lenders, consultants, brokers, legal and risk management professionals.

What You Should Bring:

• 8+ years of development experience, preferably including significant experience sourcing and executing industrial or logistics development projects.
• Bachelor's Degree preferably in real estate, finance, business, accounting, economics, or related area.
• Proven track record in creating and executing value-maximizing comprehensive development strategies including data-driven new site selection, purchase and development, and entitlement efforts across assigned geographies.
• Ability to oversee development from beginning to end, i.e., understanding entitlements through negotiating with tenants.
• Acute attention to detail, must possess a strong sense of urgency in achieving goals for the various projects.
• Experience leading a team and a natural ability to cultivate, build and maintain relationships.

Compensation Details

The anticipated salary range for candidates who will work in East Rutherford, New Jersey is $250k to $300k per year. Hired applicants will also be eligible for an annual performance-based discretionary bonus. The final pay offered to a successful candidate will be dependent on several factors that may include but are not limited to the type and years of experience within the job, the type of years and experience within the industry, education, etc.  Bridge Investment Group is a multi-state employer, and this pay scale may not reflect positions that work in other states or locations.

What we offer

• Full Insurance benefit suite including Medical Insurance, Dental Insurance, Vision Insurance, Critical Illness Insurance, Accident Insurance, Short Term Disability, Legal & Identity Theft Insurance, and Pet Insurance.
• Company paid Life Insurance (option to buy additional available) and Long-Term Disability.
• Access to benefits concierge service.
• Access to Mental Health & Well-Being service.
• Bridge Investment Group will match your contributions dollar-for-dollar, up to 6% of your pay. These contributions are fully vested immediately. Eligible employees are automatically enrolled at a 4% contribution rate. *The employee must be at least 21 years of age and have worked for the Company for at least 60 days.
• Paid Time Off: Employee will accrue 5.23 hours of paid time off per pay period for a total of 17 days per year.
• 11 Paid Holidays per year.
• Following six (6) months of employment at the Company, you will be eligible per birth, adoption or placement of a child for four (4) weeks of paid parental leave as the primary caregiver to the child or two weeks of paid parental leave as the secondary caregiver to the child. Following two years of employment at the Company, you will be eligible for twelve weeks of paid parental leave per birth, adoption, or placement of a child if you are the primary caregiver of the child.
• Tuition Reimbursement: Up to $5,000 per year of pre-approved tuition expenses will be reimbursed upon submission of approved documentation. Repayment obligations may apply if employment terminates prior to 24 months.