Job Summary: We are seeking a highly motivated and experienced VP of Acquisitions to join our growing team. The ideal candidate will have a proven track record of sourcing, underwriting, and closing real estate investments, with a focus on multifamily assets.
Compensation:
Base salary: $225,000
Bonus: Discretionary sum based on the fund's performance
Additional Earning Potential:
Co-investment: Employee may be permitted to put their own money up for specific deals.
Carried interest: Employee may share in the returns generated by the portfolio. Carry is defined as a percentage of the total pool for each fund and vests over five years.
Responsibilities:
Sourcing: Identify and evaluate potential investment opportunities through a strong network of brokers, developers, and owners.
Underwriting: Conduct thorough due diligence, including financial analysis, market research, and risk assessment.
Execution: Lead the acquisition process, including negotiating purchase agreements, securing financing, and managing the closing process.
Portfolio Management: Contribute to asset management strategies and monitor the performance of acquired properties.
Market Knowledge: Stay abreast of market trends, economic conditions, and the competitive landscape.
Teamwork: Collaborate effectively with internal teams (asset management, finance) and external partners (brokers, lenders, legal counsel).
Qualifications:
Experience: Minimum of four years of experience in real estate acquisitions, preferably with a private equity firm, investment bank, or real estate developer.
Education: Bachelor's degree in real estate, finance, or a related field. MBA preferred.
Skills: Strong analytical, financial modeling, and negotiation skills. Excellent written and verbal communication.
Relationships: Established network of industry contacts.
Drive: Self-starter with a strong work ethic and the ability to manage multiple projects simultaneously.