VP Acquisitions, Commercial NNN - Broadstone Real Estate LLC

February 25, 2018
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Broadstone Real Estate LLC

Phoenix, Arizona

BROADSTONE is a sponsor and manager of diversified real estate investment offerings for investors and institutions seeking income-oriented alternatives to the public equity markets. Boasting a heritage of commercial and residential real estate expertise and a ten-year track record under the Broadstone masthead, the firm has acquired more than $3 billion of real estate on behalf of investors via direct real estate transactions.

Broadstone is currently seeking a Vice President of Acquisitions to originate, manage and close commercial real estate acquisition transactions for Broadstone Net Lease, Inc., a private Real Estate Investment Trust (REIT). The REIT currently owns more than 525 single-tenant triple-net lease properties in 40 states and is positioned for continued growth. The ideal candidate will bring experience and expertise in sourcing, underwriting and negotiating the acquisition of commercial real estate assets.  He or she will be experienced in real estate market evaluation and tenant underwriting and adept at handling high-level owner and broker communications, relationships and negotiations. The candidate will be able to work independently and in collaboration with others to achieve a very high level of success in identifying and negotiating terms for accretive transactions. This person must be exceedingly well organized, flexible and able to travel without significant notice.  Requires deal sourcing, financial analysis & modeling capabilities, and internet research skills. Also calls for excellent interpersonal skills, project coordination experience, and the ability to work well with all levels of internal management and staff, as well as the national brokerage and property owner community.  This position reports to the Senior Vice President of Acquisitions and can be based in Rochester, NY (Broadstone’s Headquarters); Dallas, TX; Phoenix, AZ; or New York, NY; Chicago, IL; Atlanta, GA.

Essential Job Duties and Responsibilities: 

  • Design and implement single tenant net lease acquisition strategies to meet investment objectives
  • Source acquisition targets and bring prospective accretive transactions to the Senior Vice President and Acquisitions Team for initial approval and then to the Investment Committee and Board of Directors for final approval
  • Complete analysis of prospective transactions, including credit analysis, property valuation, evaluation of tenant’s products and management and investment return analysis
  • Cultivate strong relationships with external commercial brokers and prospective property sellers to gain access to off-market transactions as they become available
  • Perform site visits of acquisition targets and communicate the value of working with the company to tenants and owners
  • Assist with the preparation of thorough investment packages
  • Conduct analysis of market conditions impacting acquisition opportunities
  • Identify national and regional conferences for increasing industry exposure
  • Participate in the development and coordination of proactive and comprehensive marketing efforts to broker and ownership community, including roadshows
  • Interface with brokers, principles, executives, partners, consultants, attorneys and transaction counterparties
  • Prioritize and manage multiple projects simultaneously and follow through on issues in a timely manner
  • Additional duties as required



  • Strong organizational and planning skills; Passionate about quality and accuracy
  • Team player adept at empowering others to achieve greater results
  • Experience in reading and evaluating typical property due diligence materials
  • Strong understanding of financial statements and financial analysis used in underwriting and making high-level investment decisions, including discounted cash flows, IRR, investment return analyses and sensitivity analyses
  • Knowledge of the commercial real estate market, preferably as it relates to single tenant net leases, including brokers, institutional and private owners, developers and real estate private equity firms
  • Experienced information gathering and information monitoring skills
  • Excellent verbal and written communication skills and strong presentation skills
  • Experience negotiating purchase and sale and lease agreements
  • Effective decision-making skills and an ability to perform under deadline pressure
  • Solid work ethic and a professional, proactive and positive approach to work
  • Able to successfully prioritize and manage multiple projects, handle frequent changes effectively and professionally and follow through on issues in a timely manner
  • Work well independently and in a team; Self-starter and independent worker, but not hesitant to ask for direction when needed
  • Willing and able to travel when necessary; At times, travel may be on short notice and/or for multiple days



  • Bachelor’s degree in real estate, business or finance from a four-year accredited university required; MBA preferred
  • 10+ years of relevant commercial real estate experience, preferably in an acquisitions role
  • Experience in single tenant net lease acquisitions preferred
  • Specific experience in industrial, medical office or retail acquisitions a plus
  • Extensive experience in commercial real estate financial analysis and deal making
  • High proficiency in Microsoft Office, including Word, Excel, PowerPoint and Outlook
  • Proven track record of closing a large volume of transactions valued in the $10M to $100M range


Environment and Physical Demands:

  • Professional office environment with routine use of standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machine; noise level typical of a standard office environment
  • Prolonged sitting, computer and telephone use, as well as standing, filing, stooping, bending, reaching and lifting and carrying up to 15 pounds
  • Ability to travel by airplane, train and car with ability to drive a motor vehicle


The above description is not intended to define, in detail, the multitude of tasks that may be assigned, but rather to provide a general sense of the responsibilities and expectations of the position. As the nature of business demands change, so too may the functions of this position