Development Manager - Terrace Group

🏢 CIM Group, LP · 📍 Los Angeles, CA · 💼 onsite · ⏰ Full Time

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Position Summary & Responsibilities

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.

🎯 Candidate Preparation Guide For CIM Group, LP Applicants

Key Role Competencies & Evaluation Highlights

Key Role Focus:

Measures rigorous financial underwriting, operational asset management acumen, and relentless hustle in real estate and private equity.

📋 Preparation Priorities (Key Areas to Clarify):

1. Surface-level understanding of real estate capital stacks and macro market cycles
2. Lack of ownership or accountability for past investment or operational failures
3. Inability to defend investment theses under aggressive pushback

✨ Recommended Role Alignment Hook:

I combine granular financial underwriting with macro market intuition to uncover and extract hidden value in complex assets.

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