Director, Real Estate Investment (IMG)

Job Posting Title

Director, Real Estate Investment (IMG)

Employee Type

Regular

Recruiting Start Date

11-14-2024

Job Exempt?

Yes

Recruiting End Date

Open Until Filled

Aloha mai!  Mahalo for your interest in Kamehameha Schools.  If you are looking for an opportunity to utilize your skills and talents and grow in your profession, while serving and strengthening our Native Hawaiian community, we would love to have you join our ʻohana!

Kamehameha School’s Investment Management Group is looking for a Director of Real Estate Investment to join a newly formed team of real estate investment professionals responsible for managing and maximizing the economic value of a subset of the KS Endowment’s Hawai‘i commercial real estate assets, as well as sourcing and executing upon other direct real estate investment opportunities in the islands.

Our ideal candidate will have…

• 10+ years of real estate investment experience, including direct oversight of complex investment transactions.
• Advanced acumen in real estate finance. (Advanced skills in Excel required. Argus experience is strongly preferred)
• An entrepreneurial and intellectually curious mindset.
• Real estate investment experience within Hawai’i a plus!

This position is based out of our Kaka'ako location.

Job Summary
The Director, Real Estate Investment (DRE) will be a senior member of a newly formed team of real estate investment professionals responsible for managing and maximizing the economic value of a subset of the KS Endowment’s Hawai‘i commercial real estate assets valued at ~$1.5 billion  as well as sourcing and executing upon other direct real estate investment opportunities in the islands. The DRE will collaborate with the Managing Director, Real Estate Investment (MDRE) and other investment professionals within the Investment Management Group (IMG) to evaluate, develop, and execute strategic plans related to leasing and asset management, development/redevelopment, partnerships and joint ventures, GP/LP structures, and the purchase and sale of leases, assets, and portfolios.

Essential Responsibilities

Strategic Evaluation and Analysis

• Lead the evaluation of potential dispositions, investments, or development/re-development opportunities .

• Direct and conduct discounted cash flow and other valuation analyses, lease reviews, market analyses, and assessments of economic and demographic trends.

• Implement strategies based on analysis of competition, counterparty issues, and alternative uses of capital to meet real estate, IMG, and KS goals.

Asset Management and Optimization

• Advise on, develop and implement asset plans to preserve and optimize the value of the IMG Real Estate assets.

• Oversee asset management, leasing, and other operational activities.

• Develop annual budgets and forecasts for internal and external reporting.

• Determine operational strategies and terms for these activities.

• Identify and present growth opportunities for the Hawai‘i real estate business within IMG.

• Advise on IMG’s non-Hawai‘i based real estate partnerships and investments.

Capital Finance and Transactions

• Execute capital transactions under the direction of the MDRE.

• Source, underwrite, develop partnerships for, structure, finance, and close transactions.

Team Leadership and Development

• Manage junior members of the IMG team, including direct management and mentorship of dedicated real estate team members.

• Indirectly manage cross-staffed members of the broader IMG financial assets team.

Collaboration and Relationship Management

• Work closely with lawyers, appraisers, architects, planners, engineers, consultants, and other third-party service providers.

• Develop and maintain relationships with the brokerage community, real estate owners, developers, and JV partners inside and outside Hawai‘i.

• Collaborate with ʻĀina Pauahi as requested to capitalize on l investment opportunities in other KS Hawai’i real estate that would merit additional capital investment.

Minimum Qualifications

An equivalent combination of education and experience may be considered in lieu of the above.

• Bachelor’s degree required; equivalent skills demonstrate