COMPANY OVERVIEW: Silver Tree Residential, LLC is a privately-owned Memphis-based multifamily and senior residential real estate company that owns and operates 51 properties in 20 states totaling over 7,000 units with a portfolio valued at approximately $650 million and annual revenues of over $100 million. James Carmichael formed STR in 2009 to achieve the quality standards that he strived for in each of his housing communities.
STR currently has nearly 500 employees, many of whom are long-term employees largely due to the company’s relaxed but successful culture. You can view more information about STR by visiting the company’s website at www.st-residential.com.
Given the effectiveness of our acquisition team along with our level of capital, we have the ability to grow at this continued pace for many years. Our goal is to own and manage a large portfolio of senior housing units with an average deal size of 150 units per community in major metropolitan markets throughout the US.
THE OPPORTUNITY: As our equity base continues to grow at a rapid rate, we are able to acquire many new communities each year. You will have the opportunity to work in an entrepreneurial but stable company, which will afford you the opportunity to wear many hats and grow in this position. This position will provide you a wonderful challenge as you utilize your skills and abilities in this ever-growing role.
ESSENTIAL JOB DUTIES: We are seeking an individual with a positive attitude, strong work ethic, and good interpersonal skills for this Project Estimator role. The position will report to the Owner and President and be based in our East Memphis office. The qualified candidate will work closely with Senior Management on a daily basis to ensure the following responsibilities are being met.
• Work with owner and management team to evaluate our communities and generate ideas for capital improvement projects across the portfolio to create and add value. • Work with owner and management team to walk existing conditions and generate detailed scope of work and schedule for projects. • Identify and engage architects, engineers and consultants to be used for select projects. • Compile conceptual budgets/competitive bids for capital improvement projects across the portfolio. • Plan review and permit process for capital improvement projects. • Compiling bid list and front-end documents for bidding. • Manage the bidding process through contractor selection and award. • Initiate, negotiate and execute AIA contracts with General and Sub contractors. • Manage Contract procurement including contractor pay request. • Responsible for project Cash Flow Forecasting and monthly contractor requisitions.
Salary will be commensurate with experience and qualifications
Be organized, dependable, accurate, hands-on and have an attention to detail to ensure 100% accuracy
Have the ability to multi-task and meet deadlines
Be able to effectively communicate with Management and other company employees
About Silver Tree Residential, LLC
Silver Tree Residential is one of the fastest growing, privately held, ownership and management companies in the industry. We were formed in 2009 to operate a portfolio of senior apartment communities that now consists of 40 properties, spanning 16 states, totaling nearly 6,000 units.
These communities are 100% owner developed and managed. We add, on average, 7 new communities per year, which is approx. $60-75MM of new acquisition value. With a current portfolio of $550MM of assets, $80MM in annual revenue and 300 employees, Silver Tree Residential exists to provide the highest quality operations and one of our fundamental goals is attracting premier talent to help run our growing asset base.
As the premier provider of affordable independent senior living communities across the nation, our mission is to provide the best quality housing possible to our residents with clean, quiet, and safe communities.