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Development Manager - Terrace Group

CIM Group, LP

Los Angeles, CA Full-time Posted 30+ days ago
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ABOUT TERRACE GROUP HOLDINGS: Terrace Group Holdings is a Los Angeles–based real estate development firm focused exclusively on ground-up Class A self-storage assets in California. The firm sources, entitles, and builds climate-controlled storage facilities across Southern California’s highest-barrier markets. TGH currently has approximately $50 million of self-storage development under construction in Southern California, with a pipeline targeting $60 million or more of new development annually. The firm’s strategy combines disciplined site selection, deep municipal entitlement expertise, and hands-on development execution to deliver outsized risk-adjusted returns in a sector undergoing rapid institutional consolidation. TGH is a lean, founder-led organization where every team member has a direct line to decision-making and a tangible impact on the trajectory of the business.   THE OPPORTUNITY:   Reporting to the Director of Acquisitions & Development (or Managing Partner), this position is responsible for managing the pre-development and entitlement process for self-storage development projects, including coordinating with government agencies, managing consultants and third-party vendors, securing permits, and overseeing project schedules and budgets through construction.   ESSENTIAL FUNCTIONS: * Schedule and lead preliminary meetings with government agencies, engineers, architects, and third-party consultants for new development projects. * Create and maintain schedules and deadlines for entitlement and permit timelines based on city and consultant feedback, with consistent updates to stakeholders. * Negotiate and execute development-related contracts. * Coordinate with various governmental entities throughout the entitlement and permitting process. * Coordinate attorneys, architects, and third-party consultants across active projects. * Create bidding packages for contractors. * Secure all building permits required for construction. * Oversee project budgets and manage project expenses in alignment with approved budgets. * Provide development and construction oversight across active projects. ADDITIONAL RESPONSIBILITIES: * Invoice processing and approval routing. * Document management and project-level filing. * Third-party follow-up and coordination on administrative matters. * Schedule management and timeline tracking. * Interact with accounting representatives on project-related expenses. SUPERVISORY RESPONSIBILITIES: * Oversight of Construction Manager’s day-to-day activities, deliverables, and reporting. * Oversight of contractors, subcontractors, and vendors related to project activities, invoices, and contract execution. EDUCATION / EXPERIENCE REQUIREMENTS: * BA/BS degree in Architecture, Construction Management, Urban Planning, or related field. * A minimum of five years of experience in real estate development and/or construction, with demonstrated knowledge of the entitlement, permitting, and construction process. * Experience with self-storage or industrial development preferred. * Familiarity with Southern California municipal entitlement and permitting processes preferred. KNOWLEDGE, SKILLS, & ABILITIES: * Strong understanding of the real estate development lifecycle from land acquisition through construction completion. * Demonstrated proficiency in Microsoft Office, Microsoft Project, and project management software. * Ability to manage multiple projects simultaneously across different stages of development. * Strong written and verbal communication skills for coordinating with government agencies, consultants, and internal stakeholders. * Detail-oriented with ability to manage schedules, budgets, and complex timelines. * Must be fluent in using AI tools and large language models (LLMs), with the ability to proactively apply them to research, analysis, drafting, and workflow efficiency. COMPENSATION & BENEFITS: * Competitive base salary and benefits commensurate with experience * This role is based in Los Angeles, CA and requires full-time, in-office presence   Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. The anticipated base salary range for the position in Los Angeles, CA is $130,000 - $225,000.   #LI-KO1

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