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Acquisition Manager

Company is confidential
Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Various U.S. Locations incl. Nashville
 TN
Postal Code
37208
Country
United States

This job is no longer active.

Description


Position Acquisitions Manager

Company Confidential Client

Location US – Remote Position – Various Locations

Reporting Relationship Chief Investment Officer

Company Background/Culture

Our client is a real estate investment development company that owns and manages multifamily, retail and raw land sites. Their existing portfolio of primarily grocery-anchored shopping centers covers Colorado, Phoenix, Florida, and the Carolinas, and totals approximately 1+ million square feet of commercial buildings and over 5,000 AC of raw land. Our client is focused on creating long-term value and relationships for their further expansion into the development of Multi-family Properties.

Position Summary

The Acquisitions Manager will focus on identifying, contacting/calling and researching potential multi-family real estate investments, particularly off-market land sites that can be utilized for multifamily development. This role will require a sales-minded individual with tenacity, self-motivation, and continued reach, with a "I will not take 'no' for an answer" attitude. NOTE: This position has no fixed location, and could be considered a “remote” position in any number of U.S. cities.

Specific Responsibilities

Outreach/Selling

• Collaborate with executive team to identify and develop a target list of locations and markets for investment opportunities.

• Approach owners and brokers in defined markets with a combination of direct cold calls, mailings, or other outreach activities.

• Cultivate relationships to owners, brokers and other relevant market participants to have a first look or inside view of the deal flow.

• Create a lead list of potential development opportunities that you pursue over months and years until they become reality.

• Search for residential investment properties on different sites, including Multiple Listing Service (MLS), CoStar, Yardi, etc..

• Develop and maintain an ownership database.

• Conduct research and due diligence on prospective investment opportunities.

• Maintain detailed pipeline of potential new investments to be reviewed on a weekly basis.

Analysis/Evaluation

The evaluation process will include researching and analyzing demographic, economic, zoning, permitting, construction-cost, and real estate market data to selected market area trends in order to support the company underwriting deal team with a high level of certainty; communication with those parties familiar with the asset and market (investment sales brokers, lenders, property managers, tax advisors, attorneys, appraisers, and other third party service providers).

• Assist with the underwriting of potential opportunities.

• Ability to fully understand all aspects of an investment from both the property owner’s and investor’s viewpoints, to help with gathering information to help the negotiation process.

• Recognize and evaluate trends in the real estate market.

• Supports and participate in the company’s due diligence process.

Professional Experience/Qualifications

• Minimum of five years of experience in acquisitions, specifically land and multi-family building acquisitions

• Perseverance, persistence, and patience are crucial attributes for success in this position

• Understands market and industry trends, and of financial concepts (DCF, ROI, IRR, NPV, Cap Rate, etc.) and factors affecting these metrics

• Ability to creatively guide opportunities to through the deal process to increase possibility of success.

• Ability to connect and persuade people, and develop and maintain professional relationships

• Action oriented, with the drive to push sales to successful closure; Must be very comfortable with cold calling

• Strong verbal & written communication, with the ability to take complex concepts and communicate clearly, accurately and persuasively

Education

• Undergraduate or graduate degree in Business Administration, or Real Estate, Land Development preferred.

 

Job Sector


Not specified

 

Experience


5+ to 7 years


This job is no longer active.

Corporate Real Estate Various U.S. Locations incl. Nashville Full Time TN Business Development, Finance, Research/Market Analysis Assistant Director - Real Estate Services other