Director of Construction and Capital Projects

Company Overview

Clear Investment Group is a Chicago-based boutique real estate investment firm focused on rehabilitating and bringing stability back to distressed multifamily properties. The company works throughout the Midwest, South, and Northeast, purchasing underperforming assets, improving them, and helping create stronger outcomes for investors and surrounding communities.

Core Values

• Get it done
• Move with the flow
• Create value
• Show passion

Role Summary

Clear Investment Group is hiring a Director of Construction & Capital Projects to lead renovation, redevelopment, and capital improvement work across a growing portfolio of distressed multifamily assets. This position has direct responsibility for a team of Construction Project Managers and Project Management Associates, with a focus on strong leadership, consistent execution, and high-quality results.

The role is a blend of strategic oversight and hands-on construction leadership. The right candidate will be comfortable working in a fast-moving, entrepreneurial environment and will bring a strong commitment to operational excellence, value creation, and community impact.

Reporting Structure and Location

This position sits within the Construction & Capital Projects department and reports to the Director of Asset Management. The role is based in the Chicago Loop office, with travel required as needed, approximately 40% to 60%.

Compensation & Benefits

• Base pay in the range of $175,000 to $215,000, depending on experience
• Annual bonus tied to performance
• 401(k) retirement plan with employer contribution match
• Medical and dental coverage
• Paid time off and company holidays

Key Responsibilities

• Direct all construction and capital project activity from due diligence through stabilization, making sure work supports the broader asset management and investment strategy.
• Set departmental goals and KPIs that guide project delivery and operational performance.
• Lead, coach, and develop Construction Project Managers and Project Management Associates, building a culture of ownership, teamwork, and continuous improvement.
• Create and improve standards for construction quality, execution, and cost control across the organization.
• Work with executive leadership on planning, pipeline assessment, and portfolio forecasting.
• Prepare and oversee annual CapEx budgets, including forecasting, tracking, and reporting spend across the portfolio.
• Drive value engineering efforts to improve returns and manage construction costs while preserving quality and functionality.
• Collaborate with Finance and Asset Management on project performance tracking and cost-saving opportunities.
• Manage a team with multiple direct reports, including project managers and support staff.
• Hold regular one-on-ones and team meetings to align priorities, provide feedback, and support growth.
• Develop and maintain relationships with contractors, architects, engineers, and consultants across multiple markets.
• Negotiate and administer contracts to protect schedule, budget, and quality expectations.
• Oversee planning, scheduling, and delivery of several renovation and CapEx projects at the same time across different markets.
• Spot project risks early and put mitigation plans in place.
• Ensure compliance with building codes, zoning requirements, and safety standards, including OSHA rules.
• Partner with acquisitions, property management, and asset management teams so construction plans support investment objectives.
• Provide construction input during acquisition due diligence to assess scope, risk, and cost.
• Act as a bridge between field operations and executive leadership.
• Maintain consistent expectations for quality, productivity, and craftsmanship on all projects.
• Share regular updates and performance reporting with leadership and investors.
• Improve processes using data, lessons learned, and post-project reviews.

Qualifications

• Bachelor’s degree in Construction Management, Engineering, Architecture, or a related discipline is required.
• At least 12 years of experience in construction or capital project management.
• Minimum 3 years of experience in a leadership or director-level position.
• Experience managing multiple direct reports, including project managers and support personnel.
• Strong background in large-scale multifamily renovation or value-add projects.
• Solid knowledge of construction methods, budgeting, scheduling, and contract negotiation.
• Strong financial understanding, including ROI evaluation and capital budget management.
• Excellent leadership, communication, and problem-solving abilities.
• Comfort using project management and ERP tools such as Smartsheet and Yardi, along with Microsoft Office Suite.
• Willingness and ability to travel regularly to project locations, about 40% to 60% of the time.

Additional Information

This is an office-based role in Chicago Loop with significant travel requirements. The company emphasizes entrepreneurial thinking, accountability, collaboration, and continuous improvement.

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