Managing Director

*This position requires full-time residency in the Minneapolis-St. Paul area. No remote applicants will be considered*

Overview

Hyde Development, a family-owned commercial real estate developer, has garnered positive acclaim for its work across the United States, particularly in Minnesota and Colorado. Co-founded by Paul and Mac Hyde in 2012, the company focuses on developing, acquiring, and operating industrial real estate. Their projects span over 8 million square feet and are noted for their innovative, sustainable approaches.

Hyde Development’s success can be attributed to their unique blend of large-scale capabilities with a personalized, community-focused approach. They are recognized for creating industrial spaces that integrate seamlessly into their environments, fostering a sense of community among tenants. Notable projects include HighPoint in Colorado and Northern Stacks in Minneapolis, both praised for their amenities that promote a work-life balance, such as walking trails and food truck courts​.

The company’s culture is deeply rooted in the values and diverse experiences of its founders. Paul Hyde’s background in law and real estate provides a comprehensive understanding of both the practical and interpersonal aspects of development. This holistic approach emphasizes collaboration, empathy, and long-term relationships with clients, stakeholders, and communities​.

Hyde Development’s commitment to excellence is reflected in numerous industry awards, including the NAIOP Awards of Excellence and Denver Commercial Realtor Awards. These accolades highlight the company's dedication to quality, sustainability, and community-oriented development​.

At this phase, Hyde Development is seeking an experienced commercial real estate professional to serve as a Managing Director to help drive new, scalable, and sustainable growth while straying true to the values and relationships that set Hyde apart. The Managing Director will report directly to the CEO, Paul Hyde, and collaborate with Hyde’s stellar team members. This role is based in Minneapolis, MN and requires travel.

Key Responsibilities

Growth: Expand Business in Existing and New Markets

• Market Expansion: Drive business growth in Minneapolis, Denver, Fargo, and new markets through development and acquisition.
• Strategic Collaboration: Collaborate with capital partners and the CEO to identify and exploit new market opportunities.
• Development & Acquisition: Lead efforts to grow the business through both development projects and strategic acquisitions.

Portfolio Strategy: Develop and Implement Portfolio Strategy

• Portfolio Assessment: Evaluate the current portfolio and identify new development and acquisition opportunities.
• Strategic Planning: Work with the CEO to develop and implement strategies for portfolio growth and management.

Relationships: Grow Network in Key Markets

• Stakeholder Engagement: Build and maintain strong relationships with brokers, cities, banks, and investors.
• Networking: Engage actively in relationship-building activities, including industry events and leadership forums.
• Relationship Strategy: Collaborate with the CEO to develop plans for nurturing existing relationships and cultivating new ones.

People Leadership: Lead Market Leaders in Development

• Supervision: Oversee market leaders in key locations, providing guidance and support.
• Delegation: Delegate tasks effectively to Market Managers, ensuring efficient day-to-day operations.
• Reporting Systems: Develop robust reporting and approval systems for deals, coordinating with the CEO and capital partners.
• Professional Growth: Foster the professional development of market leaders, ensuring their growth aligns with company goals.

Culture: Preserve and Promote Hyde’s Culture

• Cultural Embodiment: Learn and embody Hyde Development’s culture and values, promoting them internally and externally.
• Career Development: Support the career growth and development of market leaders, fostering a positive and collaborative work environment.

Qualifications

• Bachelor’s degree required
• Minimum of 15 years’ experience in commercial real estate industry
• Senior-level managerial experience running a team of employees
• Experience working for an owner/developer of real estate
• Strong people leadership skills and business acumen
• Ability to excel in high-pressure situations
• Travel up to 20% annually

Characteristics

Trust Building

• Establishes trust with clients, partners, and team members through transparent communication and reliable execution.
• Maintains confidentiality when handling sensitive business information.
• Acts with integrity, adhering to ethical standards in all interactions.

Humility

• Acknowledges the expertise of others and seeks opportunities for collaborative problem-solving.
• Values feedback and demonstrates a willingness to learn from experiences.
• Leads with humility, putting the needs of the team and organization above personal recognition.

Relationship Development

• Cultivates strong relationships with clients, tenants, investors, and stakeholders within the industrial real estate sector.
• Listens attentively to understand the unique needs and preferences of each party involved.
• Collaborates effectively with internal teams and external partners to drive successful outcomes.

Excellence

• Sets high standards for property management, leasing, and development activities.
• Pays meticulous attention to detail to ensure the quality and safety of industrial real estate assets.
• Pursues innovative solutions to optimize property performance and enhance tenant satisfaction.

Expertise

• Demonstrates deep knowledge of industrial real estate market trends, regulations, and best practices.
• Stays informed about emerging technologies and industry advancements to remain competitive.
• Shares expertise with colleagues and mentors junior team members to foster professional growth.

Discernment

• Exercises sound judgment in evaluating investment opportunities and assessing property risks.
• Identifies strategic growth opportunities aligned with the organization's long-term objectives.
• Anticipates market fluctuations and adapts business strategies accordingly to mitigate potential challenges.

Respect

• Treats all stakeholders with respect and professionalism, regardless of background or status.
• Promotes diversity and inclusivity within the workplace and community.
• Upholds fair and equitable practices in all business dealings.

Success Orientation

• Sets ambitious goals for property acquisition, leasing, and revenue generation.
• Monitors key performance indicators and adjusts strategies to optimize outcomes.
• Celebrates achievements and milestones, fostering a culture of recognition and motivation.

Hard Working

• Demonstrates a strong work ethic and dedication to achieving business objectives.
• Takes initiative to overcome obstacles and deliver results under tight deadlines.
• Goes above and beyond to exceed client expectations and drive organizational success.

Community Engagement

• Actively participates in industry associations, networking events, and community outreach programs.
• Represents the organization as a responsible corporate citizen, contributing to local economic development initiatives.
• Demonstrates a commitment to environmental sustainability and social responsibility in industrial real estate practices.