After the carnage of the “Great Recession,” who thought the homebuilding industry would recover from forecasts that there was a 20-year oversupply of inventory? Well, it seems that the forecasters were wrong again as The National Association of Home Builders housing market index climbed to a 10-year high in October, a sign of full recovery and momentum for one of the most important indicators for the health of the economy.
So this raises the question if there is an end in sight for the current economic expansion. According to the collective wisdom of economists, it's on track to have a lifespan of about nine years, which gives the homebuilding industry runway for continued growth. This estimate comes from Bloomberg, which just released a survey of 31 economists forecasting that the next recession will hit in 2018. If the pundits are right, that gives us two years to batten down the hatches and ready for a bear economy.
However you want to play the odds, we are somewhere near the last phase of an expansionary cycle. Plan accordingly, Mr. Homebuilder.
CHARLES SCHWAB
Vice President, Property Management
(SAN FRANCISCO, CA) Position will oversee day-to-day operations for 4.8M sq ft across nearly 400 properties, including two business-critical data centers, within six geographic regions and assuming responsibility for ensuring all properties are safe, well maintained and operating within budget ($135 million annually.)
HEALTHCARE TRUST OF AMERICA
Property Manager
(MIAMI, FL) Responsible for the successful day-to-day financial, administrative, and maintenance operations of multiple healthcare related properties within the Miami area. Position will work closely with HTA's regional and corporate office to ensure operations metrics are met and will be integral for setting the portfolio operating objectives as well as plans to achieve them.
MASSACHUSETTS PORT AUTHORITY
Deputy Director, Real Estate Development
(EAST BOSTON, MA) Position will provide professional leadership, overall management, and administrative functions for RE&AM regarding the Authority's commercial real estate development in support of the Maritime and Aviation department objectives.
RENTLYTICS
Multifamily Professional
(SAN FRANCISCO, CA) Position will manage a portfolio of high-profile customer accounts; work with customers to define their business' data strategy and ensure that use of Rentlytics is aligned with defined strategies.
LASALLE INVESTMENT MANAGEMENT
Vice President, Construction
(ATLANTA, GA) Position will be responsible for managing and leading landlord work and construction process for the Retail Group through the entire construction process, from pricing to project inception to final completion, to ensure client satisfaction. Each assignment will focus on providing a high quality product on time, while balancing the financial objectives of the assignment and the regional business plan.
FREDDIE MAC
Multifamily Underwriting Senior, Small Balance Loans
(NEW YORK, NY) Underwriting Senior will be a part of the team helping to build the Company's Small Balance Loans (SBL). Additional responsibilities include analyzing various documents required for underwriting analysis and credit decisions and underwriting and processing loans through Freddie Mac systems.
LIDI US
Real Estate Development Manager
(ARLINGTON, VA) Manager will provide strategic planning, project management, and financial oversight in new build development projects. Duties also include delivery of the real estate development program and commence in the development lifecycle at the site identification and acquisition stage through due diligence to construction.
TIAA CREF
Sr. Director – GRE Head of Underwriting/Credit Training
(CHARLOTTE, NC) Director will serve as the Head of Underwriting/Training for all debt and equity transactions with a focus on leading a thorough coordination and consistency across disciplines in the investment process. Position will also help coordinate the development of strategic business plans of multiple portfolios with a coordination of a credit view and opportunities of the marketplace to meet multiple investment strategies.
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