Director / MD of Acquisitions

Full Time
Remote
Posted
Job description

About Your Role

We are seeking a Director / MD of Acquisitions to help expand our multifamily portfolio with an emphasis on both value-add and stabilized class A, B and C. The ideal candidate will have strong acquisitions experience in all parts of the acquisition process – from deal sourcing through closing.

The candidate should have at least 7 years of experience and a proven track record of success in real estate analysis and acquisitions. The Director / MD of Acquisitions must have the ability to work independently and in collaboration with the rest of the acquisitions team and other team members.

The Director / MD of Acquisitions has responsibility for sourcing, underwriting, and acquiring multifamily investment opportunities.

This role is remote, but preferably living in Texas as you will need to have an ability to travel / meet in-person as needed.

What You'll Do:

  • Managing acquisition process from deal sourcing through closing.
  • Interfacing with the brokerage community and principals directly to source multifamily investment opportunities.
  • Leading underwriting and recommending acquisition targets after researching properties, rent and sale comps, submarkets, demographics, physical characteristics and other pertinent information.
  • Fostering and maintaining good working relationships with brokers, sellers, lenders, property managers and vendors to help facilitate acquisitions.
  • Analyzing financing options and operating metrics. Preparing proformas and business plans for new acquisitions.
  • In conjunction with asset management team, create and review capital budgets and business plans and coordinate with third party managers and other sources to help fully define and vet investment opportunities.
  • Being the focal point of the due diligence process, including gathering and analyzing due diligence materials and coordinating third party reports. This includes verifying property details, market analyses, title/survey, rent comps, as well as completing property inspections, unit walks, lease file audits, and maintenance audits.
  • Working with lenders to identify optimal debt strategies and negotiate debt documents.
  • Familiarity with private investor capital legal structures and accounting treatment, as well as with institutional joint-venture structures and processes
  • Writing clear and concise communications and draft Investment Memoranda for presentation to the firm's Investment Committee.

Who You Are:

  • Minimum of 7 years in multifamily real estate acquisitions background with a proven closing track record.
  • Bachelor's and/or Master's degree in Finance, Real Estate and/or Economics
  • Highly proficient with Microsoft Excel including the ability to create complex financials models and waterfalls.
  • Self-starter and highly motivated with the ability to multi-task.
  • Ability to travel frequently to target markets.
  • Experience transacting in Sunbelt US markets preferred

We have excellent benefits that include:

  • Performance Bonuses
  • Health, dental, vision, pet, life, disability, 401k.
  • Leadership and skills training
  • Support for a positive work/life balance
  • 8 Paid Holidays per Year
  • 18 Days Paid Time Off per Year
  • PTO annual accrual increases based off years of employment
  • Extra Perks like holiday savings, employee life scholarships, company parties, and the opportunity to help contribute to a growing company’s future success.

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