Director, Capital Projects - Multifamily

Carmel Partners; San Francisco (CA); On-site; USD 195,000 - 210,000; Full time

Job summary

Carmel Partners, a leading real estate investment manager focused on U.S. multifamily development and construction, seeks a Director, Capital Projects in San Francisco or Santa Monica to drive capital project execution across its nationwide multifamily portfolio.

You will coordinate cross-functional teams, oversee budgets and schedules, and ensure projects meet Investment Committee commitments. The role requires 5–10 years in development or capital projects, a strong finance background, and

Qualifications

• Bachelor's degree required; Graduate degree in Business, Finance, Construction Management, or Real Estate preferred.
• 5–10 years in development, capital projects, or construction project management, with multifamily experience.
• Well-rounded background across finance, acquisitions, development, marketing, and construction.
• Proven track record managing project teams and mentoring talent.
• Strong negotiating and influencing skills to build consensus across stakeholders.
• Fluency in financial modeling and real estate economics.
• Advanced proficiency in Excel and Project; strong PowerPoint and Word skills.

Responsibilities

• Manage capital project execution across Carmel Partners multifamily development portfolio.
• Drive project teams across regions, ensuring consistent execution standards and professional development.
• Contribute to due diligence and formalization of Capital Business Plans during acquisitions.
• Translate asset-level business plans into buildable, phaseable project scopes meeting Investment Committee commitments.
• Coordinate across internal teams and external partners including PM, Acquisitions, Design, Operations, Marketing, Construction, Asset Management, and Accounting.
• Flag early when scope, cost, or building condition diverges from pro forma underwriting.
• Direct Owner/Architect/Contractor meetings prior to and during construction.
• Oversee external consultant teams; lead consultant bidding and selection processes.
• Ensure Construction phase meets Investment Committee obligations with in-house Job Cost Accounting and construction teams.
• Establish and maintain design and construction schedules.
• Manage project budgets, schedules, and scope of work.
• Oversee permitting efforts and regulatory agency relationships.
• Prepare and distribute regular reporting to senior management.
• Present portfolio updates and recommendations to senior leadership; escalate key decisions.
• Maintain deep market knowledge to inform Capital Projects strategy and compliance.
• Travel nationally to portfolio assets, up to 50%.

Skills

Financial modeling

Real estate economics

Project management

Leadership

Communication

Education

Bachelor's degree

Graduate degree preferred

Tools

Excel

Project

PowerPoint

Word

Job description

Carmel Partners, a leading real estate investment manager focused on U.S. multifamily development and construction, seeks a Director, Capital Projects in San Francisco or Santa Monica to drive capital project execution across its nationwide multifamily portfolio.

You will coordinate cross-functional teams, oversee budgets and schedules, and ensure projects meet Investment Committee commitments. The role requires 5–10 years in development or capital projects, a strong finance background, and