Benefits

Job Description

Firm Summary:

Interstate Equities Corporation (IEC) is a vertically integrated real estate investment firm specializing in value-add multifamily properties in the Bay Area, Southern California (including Ventura County, Los Angeles, and San Diego) and Seattle markets. We focus on creating value through strategic repositioning and property management. IEC Property Services Corporation, our in-house property management company, strives to deliver exceptional customer service while executing property business plans. Founded in 1981, IEC has a proven track record of over 43 years and continues to grow by acquiring new communities and offering development opportunities to our team members.

Position Summary:

IEC is looking for an energetic, skilled project manager to join our team and execute exciting, transformative renovation projects at various apartment communities throughout California.

The Renovation Project Managers are responsible for the comprehensive oversight of interior unit renovations, larger exterior value-add construction projects, and infrastructural capital projects for vintage apartment communities throughout Southern California. This position requires a thorough understanding of construction processes, strong leadership abilities, and excellent project management skills. The Project Manager ensures that all phases of these multifaceted projects are executed efficiently, within budget, and to the highest standards of quality and safety.

The role involves extensive coordination with various stakeholders, including architects, engineers, subcontractors, suppliers, tenants, and property management to deliver successful projects that meet all specifications and regulatory requirements while minimizing disruption to residents and ensuring their satisfaction. The portfolio will consist of properties located in Los Angeles (LA), Orange County (OC), and San Diego (SD).

Additionally, the Project Manager will work closely with construction administrators, handle light accounting tasks, and collaborate directly with the asset manager for each property to ensure seamless project execution and alignment with investment goals.

Duties and Responsibilities:

Project Tracking: Analytically track multiple concurrent projects against the budget
Field Work: Spend 25-50% of the time on-site with overnight stays in Orange County, San Diego, and Los Angeles
Scope Development: Collaborate with Asset Management to develop clear project scopes and renovation specifications, including working with interior and exterior designers to develop design concepts
Quality Assurance and Accountability: Confirm work is being completed consistent with company quality standards, budgets, and timelines
Vendor Management:
Obtain and filter vendor bids
Recommend and qualify contractors (references, licenses, insurance, etc.)
Negotiate terms (scope/cost/payment/schedule)
Prepare contracts
Research and identify new subcontractors to maintain competitive pricing
Project Inspection:
Inspect projects for progress, timing of completion, costs to complete, and quality control
Meet with contractors to discuss scope discrepancies, change order requests, trouble spots, etc.
Coordination Meetings: Initiate coordination/kick-off meetings with Asset Management and Property Management to establish staging details, sequence, schedule, scope, resident correspondence, etc.
Regulatory Compliance: Manage enforcing agencies and meet with city inspectors/representatives as necessary to coordinate project efforts
Record Keeping: Maintain organized records of project bid costs using corporate tracking tools. Notify Asset Management of upcoming capital needs and timing
Communication: Provide regular updates to community associates and Asset Management
Minutes and Notetaking: Document meeting minutes and distribute them to relevant stakeholders
Reporting: Prepare detailed reports and updates for management, summarizing project status, issues, and progress
Unit Evaluation: Evaluate unit conditions, document non-spec items to be replaced, walk unit renovations, and complete punch-walks with contractors
Capital Projects:
Assist in developing scopes of capital projects and budgets for new acquisitions at the direction of the Acquisition team
Include immediate repair/deferred maintenance items, value-add renovations, and reserve items/on-going repairs over the investment hold period
Annually prepare 2-3 year capex projections
Minimize Downtime: Schedule and supervise to minimize unit interior downtime during renovations
Additional Duties: Perform other duties as assigned

Preferred Qualifications:

Experience using Yardi Voyager and Yardi Job Cost928
Knowledge of California markets and vendors

Compensation:

Salary Range $140,000-$160,000 depending on experience
Annual Discretionary Performance Bonus

IEC offers a competitive compensation package including:

Company paid healthcare premiums at 100%, specifically for the employee, with options to buyup
401(k) Plan, with 4% company match
Flexible Spending/Health Savings Accounts
Company paid Life Insurance and Long-Term Disability Insurance, specifically for the employee, with options to buyup
Paid Time Off
Company Paid Holidays
Employee Assistance Plan
Employee Discounts
Commuter Benefit

Project Management

Construction

Interstate Equities Corporation

• 1-100 employees

IEC is a vertically integrated real estate investment firm specializing in value-add, multifamily in the Bay Area and greater Los Angeles markets. We focus on adding value through opportunistic investing, strategic repositioning, and property management. Our property management company, IEC Property Services Corporation, strives to offer excellent customer service and care to residents while achieving property business plans. Founded in 1981, IEC has an exceptional 35+ year track record and is rapidly acquiring new communities, offering growth opportunities to great team members.

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