Acquistion Specialist
October 26, 2009
Confidential
New Jersey
ACQUISITION SPECIALIST I am looking for a key executive to join my company to be in charge of a new acquisition drive which I want to initiate in the first quarter of 2010. My company is a small, low profile, firm that has been in business since 1976 (over 32 years). Most of the key personnel have been with me for over 25 years. We even survived the early 90's which in and of itself was an accomplishment. We specialize in "real" value added investments. I stress the adjective "real" because a lot of Wall Street firms have used the "value added" label to raise equity in the recent past without thoroughly understanding what the “value added” process involves. We find existing, mismanaged and neglected income producing assets that are not being marketed by a major brokerage house like Eastdil/Cushman/C.B. Once purchased, we try to turn them around quickly with intensive management and carefully selected capital improvements that are reflective of a thoroughly thought out financial budget. My staff is small, highly skilled, dedicated and hard working. Our overall ROI for the 32 year period is in excess of 40%. The company currently owns approximately 20 income producing properties worth over $500M. We have aggressively sold properties over the last few years in order to create a cash hoard that will allow us to buy at least another $500M in the next cycle. The right person for this job will not require psychic income of a high profile firm with a "household" name and a midtown Manhattan address. Our firm's name is relatively unknown and we prefer keeping it that way, because it increases our opportunity to buy properties at reduced prices that are “off the radar screen”. Our offices are in a nondescript medical building in West Orange, New Jersey and lack the cache of a midtown Manhattan address. We derive our psychic income from doing things very well and earning spectacular returns. We only invest my personal funds, and have no institutional or private equity partners to answer to. We are also not deep on staff and never will be. This is very much a "hands on" operation. Everyone works very hard, very diligently, truly cares about what they do and works long hours. The new acquisition officer will hopefully follow the properties we want to buy in the next cycle from "cradle to grave". The new acquisition officer would do the following: · Find the properties· Negotiate the purchase · Create the plan to turn them around · Supervise the execution of that plan · Negotiate the sale For the right person, this would be a job for the rest of their career as opposed to the cyclical swings/blood lettings of Wall Street.
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