Development Manager, Residential

Location: Salt Lake City, UT, United States

At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs.

As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.

Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes

The Development Manager, Residential leads the successful execution of multifamily, build-to-rent, and other residential development projects from initial feasibility through stabilization. This role is responsible for coordinating market analysis, site selection, due diligence, underwriting, entitlements, design, budgeting, scheduling, construction oversight, risk management, and project reporting to ensure projects are delivered consistent with approved business plans, investment objectives, scheduled turn over projections, and owner expectations.

The Development Manager contributes to residential investment strategy and creates value through disciplined execution, clear decision-making, risk management, and leadership of internal teams, development partners, consultants, contractors, municipalities, and other stakeholders.

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