Executive Vice President, Development

Starlight Investments, in conjunction with WP Osborne Executive Search is looking to fill an Executive Vice President, Development role for their construction and development division, Starlight Developments.

Starlight Developments believes in the lasting value of complete communities. We are proud to be one of Canada’s leading developers of purpose-built rental housing and mixed-use developments. Starlight Developments strives for our residents to experience improved quality of living, with access to best-in-class amenities. We build environments that are modern, diverse, and sustainable places where people want to live, work, shop and play. We continue to be actively engaged with the communities where we operate and are committed to the health and safety of our residents, staff and neighbours.

Executive Vice President, Development

Reporting to the President, Canadian Residential, the Executive Vice President, Development (“EVP”) will be responsible for overseeing all aspects of Starlight’s Canadian development projects, primarily consisting of multi-family purpose built rental projects from inception to completion. This role requires a strategic leader with extensive experience in real estate, leading teams and driving results. The ideal candidate will have a deep understanding of the Canadian real estate market and investment dynamics surrounding executing development projects.

Duties and Responsibilities:

• Strategic Leadership: Develop and implement strategic plans for development projects, aligning with the company’s goals and growth objectives. Identify market trends, opportunities, and risks to inform strategic decisions.
• Team Management: Lead and mentor a team of development and investment professionals, including project managers, planners, architects, city and government officials and other key personnel. Foster a collaborative and high-performance work environment with Asset Management and Constructions teams.
• Project Management: Oversee the entire lifecycle of development projects, including site acquisition, project planning, design, approvals and final delivery. Ensure projects are completed on time, within budget, and to the highest quality standards.
• Stakeholder Engagement: Build and maintain relationships with key stakeholders, including investors and industry partners. Effectively manage stakeholder expectations and address any concerns.
• Financial Oversight: Provide oversight and guidance as it relates to the creation of project budgets, forecasts, and financial analyses. Monitor financial performance and implement cost-control measures to maximize profitability.
• Regulatory Compliance: Ensure all projects comply with local, provincial, and federal regulations, including zoning laws, building codes, and environmental requirements. Obtain necessary permits and approvals.
• Development Investments Management: Lead and manage the Development Investments team, overseeing the creation and review of financial models for new projects. Ensure accurate and comprehensive financial projections, including cost estimates, revenue forecasts, and investment returns.
• Risk Management: Identify and mitigate potential risks associated with development projects. Working closely with the construction team members, develop and implement risk management strategies to address potential challenges and ensure project success.
• Market Analysis: Stay informed about industry trends, competitive landscape, and market demands.

Qualifications

• Bachelor’s Degree in Real Estate, Business, Engineering or a related field. A Master’s degree or relevant professional certification is preferred.
• Minimum of 15 years of experience in real estate investment with at least 5 years in a leadership role related to managing Canadian residential development. Proven track record of successful project delivery and team management.
• Proactive Leader who can inspire, motivate and manage staff nationally, while fostering a results-oriented culture that is focused on achieving projects goals and targets.
• Real estate professional with a deep understanding of the Canadian real estate market and who has the ability to navigate complex regulatory environments and stakeholder relationships.
• Strategic thinker and creative problem solver with a commitment to excellence, who can adapt and thrive in a fast-paced, dynamic environment.
• Leader who possesses excellent project management, organizational, communication, and interpersonal skills, as well as superior financial acumen, including budgeting and financial analysis.

Application

Qualified candidates can submit their resume via LinkedIn. We thank you for your interest in this role, only qualified candidates will be contacted.

Starlight Investments is a leading global real estate investment and asset management firm. Established in 2011 and privately owned, Starlight has grown to a dynamic team of 360+ professionals who manage over $25 billion of direct real estate and real estate investment securities. Offering a range of investment vehicles across various real estate strategies, we are a developer and asset manager of over 77,000 multi-residential suites and over 9 million square feet of commercial property space. Holding Canada’s largest portfolio of multi-family assets, we have a strong focus and commitment to creating a positive impact for our communities. To learn more about Starlight, please visit www.starlightinvest.com or follow the company on LinkedIn.

Starlight’s People Value Proposition

• Diverse multi-generational workforce
• Competitive and equitable compensation
• Employer matching Group Retirement Savings Plan
• Comprehensive benefits packages including Health and lifestyle spending accounts
• Maternity leave top-up
• Leadership and mentorship programs
• Career growth and advancement opportunities
• Investment opportunities in Starlight funds
• Seasonal office hours
• Annual company-wide volunteer day (Impact Day)
• Award-winning Environmental Social Governance (ESG) Strategy
• Personal and Cultural days
• Designated CPA Training Facility

Starlight’s total compensation framework is comprised of annual base salary, discretionary bonus and company benefits such as medical and wellness, Group RSP and other incentives.

Diversity, Equity and Inclusion

Starlight is dedicated to creating a workplace culture of inclusiveness that reflects the diverse communities that the company operates in. We invite all interested individuals to apply and encourage applications from members of equity-deserving communities, including but not limited to women, persons with disabilities, visible minorities (racialized), Black, Indigenous Peoples and persons of any gender identity and sexual orientation.

Environmental Social Governance (ESG)

As one of the largest rental housing providers in Canada, Starlight’s focus on ESG is aligned with the company’s broader purpose to invest with impact and drive social and economic growth through real estate. This focus shapes business operations and influences interactions with employees, investors, partners and communities.

WP Osborne Executive Search is a privately owned search firm delivering full-service recruitment expertise for over 20 years to a broad range of clients in the real estate industry. Our expertise extends across every major asset class including multi-residential, office, industrial, retail, mixed-use, condo, hotels, and senior living across the functions of asset management, investments, development, construction, leasing, property management, portfolio management, finance, marketing, IT, HR and strategy.

Reference – 1372 – EVP, Development