Vice President, Multifamily Construction & Capital Projects in Dallas, Texas at Omninet Capital LLC

About Omninet Capital LLC

Omninet Capital is a vertically integrated private real estate investment and property management firm headquartered in Beverly Hills, California. Founded and led by its principals, the firm owns and operates a diversified portfolio of multifamily and commercial assets across the United States, with approximately 300 professionals managing the platform end-to-end — from acquisitions, capital markets, and asset management to property operations, construction, accounting, legal, and technology.

Our edge is operational. Because we underwrite, close, and operate our own assets, every member of the acquisitions team works alongside the people ultimately responsible for executing the business plan. We combine institutional rigor with the speed and conviction of a principal investor, while increasingly leveraging AI and automation to accelerate underwriting, sharpen decision-making, and uncover opportunities others miss.

Job Summary

Omninet Capital is looking for a Vice President of Multifamily Construction & Capital Projects to own the planning, budgeting, execution, and oversight of all construction, capital expenditure, and renovation activity across our national multifamily portfolio —amenity and common-area upgrades, exterior and structural work, deferred maintenance, and value-add capital projects.

This is a builder's role with an executive's mandate. You'll translate investment business plans into executable physical scope: underwriting CapEx at acquisition, directing value-add and renovation programs through closeout, controlling vendor spend through competitive bidding, and reporting capital plans and progress to executive leadership. You'll set scope, control budgets, hold vendors accountable, and walk our job sites — while building the repeatable systems and controls our growing, geographically distributed portfolio needs.

Acting as the owner's representative, you'll protect asset value through strategic capital planning, construction management, risk mitigation, vendor management, due diligence, and insurance-claim oversight. The role is highly autonomous and works directly across executive leadership, acquisitions, asset management, property operations, legal, finance, insurance carriers, architects, engineers, consultants, and contractors — from acquisition through closeout. We're looking for someone who operates strategically without losing sight of the details.

Key Responsibilities

Own Portfolio Capital Planning & CapEx Strategy

Develop and own annual and multi-year (5-year) capital plans across the national portfolio, sizing and sequencing spend at both the asset and portfolio level.

Conduct property inspections and deferred-maintenance analysis; assess the remaining useful life of building systems and translate findings into prioritized, risk-ranked capital plans.

Lead reserve planning, capital prioritization, and cash-flow forecasting; advise ownership on whether to spend or defer capital based on hold periods and disposition strategy.

Build and maintain diligence and budgeting tooling — Excel workbooks and AI / web tools — with scenario toggles, line-item cost detail, and per-unit / per-door metrics.

Lead Construction Due Diligence on Acquisitions

Lead construction and CapEx diligence on acquisitions: site inspections, building- and unit-condition assessments, and deferred-maintenance evaluation.

Develop and validate scope, estimate costs, and underwrite renovation budgets that feed directly into the investment model.

Prepare executive summaries identifying major risks and capital exposure prior to acquisition; support the investment committee and purchase-price retrade negotiations.

Lead Renovation & Capital Project Execution

Direct value-add, unit renovation, and capital projects from scope definition through closeout — on time, on budget, and to our quality standards.

Project types include: roof replacements, building-envelope and waterproofing repairs, exterior renovations, balcony and structural reconstruction, asphalt replacement, drainage and site-utility improvements, pool and clubhouse renovations, common-area and amenity upgrades, unit-rehabilitation programs, fire and water damage restoration, and life-safety improvements.

Define standardized scopes of work, unit-turn specifications, and finish packages; manage execution against budget, schedule, and quality.

Conduct regular site visits to inspect progress, resolve issues, ensure quality, and hold contractors and vendors accountable.

Coordinate construction with onsite operations, leasing activity, resident communication, and property access to minimize resident impact.

Manage Insurance Claims & Disaster Recovery

Manage complex insurance restoration projects involving fire, water, storm, and catastrophic property events.

Coordinate with insurance carriers, public adjusters, restoration contractors, consultants, engineers, and legal counsel.

Negotiate scope, pricing, and settlements — including mediation and legal support — while protecting ownership interests and maximizing recovery.

Manage Vendors & Competitive Bidding

Source, qualify, level, and award competitive bids across trades — GCs, subcontractors, roofing, building systems, landscaping, pools and amenities — normalizing scope across bidders to enable true apples-to-apples comparison.

Negotiate pricing and contracts; validate pricing and pursue value-engineering opportunities.

Manage contractor and consultant performance, address underperformance quickly and professionally, and resolve disputes.

Build and maintain a reliable vendor bench across key markets, along with architects, engineers, material suppliers, and specialty trades.

Manage Budgets, Cost & Reporting

Prepare, manage, and track project budgets, cost forecasts, and capital-expenditure spend; report budget variances clearly.

Review change orders, pay applications, and invoices; approve capital draws and ensure accurate project coding.

Benchmark costs, identify savings, and apply value engineering and ROI analysis to drive cost-effective delivery.

Partner with accounting on project coding, invoice review, lien releases, contract compliance, and timely payment.

Manage Risk, Compliance & Code

Identify and mitigate risk across life safety, code compliance, structural deficiencies, water intrusion, building-envelope failures, contractor defaults, schedule delays, litigation exposure, and warranty issues.

Ensure renovation and remediation scope addresses code and regulatory requirements, including municipal health-department and life-safety violations and ADA requirements.

Manage permitting and inspection processes and ensure compliance with local jurisdictions; develop mitigation strategies and communicate risks to executive leadership.

Build the Systems & Reporting Infrastructure

Build the systems that run the capital program: inspection and scope-capture tools, photo-validated unit-survey workflows, condition-reporting templates, and bid-comparison frameworks.

Develop and improve departmental infrastructure — project tracking, RAG dashboards, SOPs, vendor databases, budget templates, quality-control procedures, and documentation standards.

Standardize how field condition data is captured, validated, and rolled up into actionable capital decisions; implement technology and AI-assisted estimating to improve efficiency and reporting.

Report to Executive & Investment-Committee Audiences

Produce portfolio-level capital summaries and asset-level condition reporting for the CEO and investment leadership.

Prepare executive reports including capital-project dashboards, budget and schedule updates, risk assessments, construction forecasts, deferred-maintenance reports, acquisition summaries, and insurance-claim updates.

Translate field-level findings into clear capital recommendations and present directly to executive and investment-committee audiences.

Build & Develop the Team

Recruit, hire, onboard, train, and mentor project managers and coordinators.

Build out the construction department itself — its people, processes, and standards — as the portfolio scales.

Required Qualifications

8-12 years in construction management, owner's representation, or capital-project management, with significant multifamily, residential renovation, value-add, capital-improvement, or TI experience.

A proven track record managing multiple projects across multiple properties, markets, or states simultaneously.

Demonstrated ownership of CapEx planning and renovation underwriting at portfolio scale, including acquisition due diligence.

Strong cost-estimating and budgeting skills; fluency in scope development, bid leveling, vendor negotiation, change orders, and project reporting.

Advanced Excel modeling and use of evolving AI tools — comfort building and maintaining analytical tools, not only consuming them.

The ability to read and interpret construction drawings, scopes of work, contracts, budgets, schedules, and inspection reports.

A sound understanding of construction law and contracts; the ability to assess building-condition and life-safety risk and prioritize capital accordingly.

Excellent communication skills across executives, property teams, accounting, purchasing, legal, vendors, and field personnel; strong judgment, urgency, follow-through, and an ownership mentality.

Willingness to travel regularly to our properties and project sites.

Preferred Qualifications

Private-equity / institutional real-estate experience, with familiarity for how CapEx flows into the investment underwriting model.

Insurance-restoration experience across fire, water, and catastrophic losses.

General-contractor licensure or an equivalent hands-on construction background.

Facility with lightweight technical tooling — web-based inspection apps, automated reporting, and AI-assisted estimating platforms.

Experience creating standardized scopes, finish packages, vendor programs, and renovation playbooks.

Familiarity with Yardi, MRI, Procore, Bluebeam, Microsoft Project, Excel, or similar construction / project management and accounting systems.

Who You Are

You're a practical, detail-oriented construction executive who knows how to get work done in the field while maintaining strong controls at the corporate level. You bring construction judgment grounded in field reality — you're comfortable walking a job site, challenging pricing, and holding vendors ac

countable — paired with the financial and analytical rigor to budget, forecast, and underwrite with discipline.

You're a systems thinker who builds repeatable infrastructure and controls rather than one-off deliverables, and you communicate clearly enough to translate field findings into decisions leadership can act on. Above all, you operate with high ownership and self-direction: proactive, organized, cost-conscious, urgent, and highly accountable across both field execution and corporate controls.

How You'll Be Measured

In your first 12 months and on an ongoing basis, success looks like:

• Capital projects delivered on budget and on schedule.

• CapEx underwriting and forecast accuracy — actuals tracking to underwritten budgets.

• Reduction in deferred-maintenance and life-safety risk across the portfolio.

• A maintained, current multi-year portfolio capital plan.

• Reliable, repeatable condition-reporting and bid-leveling infrastructure in place.

• Vendor performance and the quality of completed projects.

• Insurance-recovery success and the accuracy of executive reporting.

Location: Dallas, TX (Onsite)

Job Type: Regular, Full-Time

Compensation Range: $175,000-$225,000 + Bonus + Benefits

Omninet Capital, LLC is an Equal Opportunity Employer and is committed to maintaining a workplace free from discrimination and harassment. We recruit, employ, train, compensate, and promote without regard to race, color, religion, creed, sex (including pregnancy, childbirth, breastfeeding, or related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, age, physical or mental disability, medical condition, genetic information, marital status, veteran or military status, or any other status protected by applicable federal, state, or local laws.