VP, Acquisitions

Job Description

Who Are We? Company Overview

Headquartered in the greater Washington metropolitan area, American Real Estate Partners (AREP) is an institutional fund manager and operating partner focused on office and mixed-use repositioning and development in major markets.

Since our founding in 2003, we have acquired more than 17M SQFT of class-A real estate. Our vertically integrated real estate platform provides expertise in all ownership disciplines including acquisitions and asset management, development and positioning, property management, leasing and market research, and construction management.

For each asset, our approach is to create a distinctive sense of place, one that authentically reflects the character of its surroundings and the people who work there. As such, everything we do is in the service of elevating the experience. This—in turn—makes our properties more desirable and maximizes returns for our investors. It’s not what we do that is different, it’s how we do it that makes all the difference.

We are currently looking for a skilled, highly analytical Vice President of Acquisitions to work in collaboration with our internal and external partners.

Position Overview:  VP, Acquisitions

The VP, Acquisitions will report to the Managing Director, Acquisitions and will work closely with both internal and external partners to build the AREP brand.

The VP, Acquisitions will be able to manage the full life-cycle acquisitions process from sourcing to closing while performing strong analytical and due diligence responsibilities. This individual will also have an understanding of negotiation. 

Overall Responsibilities Include:

• Source and analyze prospective, value add investment opportunities. 
• Complete all necessary aspects of the due diligence process for any investment opportunities being pursued, including tenant credit analysis, drafting detailed lease abstracts, third party report reviews, lease and loan document reviews, market analysis and competitive positioning.
• Perform various financial analyses for prospective investment opportunities in Excel and Argus.
• Review budgets with brokers, lenders and internal departments during the underwriting, due diligence, loan and closing processes.
• Create complex and dynamic pro forma models and sensitivity analyses for project cash flows and investment returns.
• Prepare written communications and memos to investors.
• Calculate returns assuming various capital structures.
• Conduct property and market tours for investment qualification and competitive positioning.
• Engaged in maintaining current and building new relationships with brokers, lenders and investors.
• Formulate and select target investment strategies, markets and opportunities. Compile and analyze data for existing markets.
• Involved in post-closing projects that allow for a seamless transition from acquisitions to asset management. 

Qualifications Summary

• BA or BS required with preferred degrees in real estate, business finance, economics or related area.
• 10+ years of related acquisitions experience with a proven record of success in the commercial real estate industry (office or residential) is a must.  Experience in a private equity firm is a plus.
• Strong technical skills in the Microsoft Office suite in particular PowerPoint and advanced Excel skills.  Able to make minimal graphic modifications in PowerPoint.  Proficient in Argus.
• Established track record of sourcing and closing transactions.
• Proficiency in development and office/multifamily modeling.
• Excellent written communication, verbal and analytical skills necessary to communicate with brokers and investors.
• Strong time management skills, attention to detail and commitment to follow through.
• Ability to work in a fast-paced, entrepreneurial environment as a hands-on contributor.
• Travel is required; approximately 10% national travel.

Company Value Indicators:

• INTENTIONAL:  Able to build deep customer relationships by providing high quality interactions with brokers, investors and internal partners.
• INTUITIVE:  Ability to anticipate and prevent any barriers that may affect acquisitions.
• CRAFTED:  Able to provide high attention to detail, analytics and accurate research and reporting. Highly organized and proficient at time management.
• RESPONSIVE:  Ability to listen, set clear expectations and engage in crucial conversations on a colleague, investor and broker level.
• RELIABLE:  Able to consistently communicate goals and meet deadlines.
• IMPACT-DRIVEN:  Regularly review and evaluate the effectiveness of current procedures while providing constructive feedback.
• SINCERE:  Able to develop a collaborative relationship with partners through trust and transparency.

 Benefits

AREP offers a competitive benefits package that includes medical, dental and vision coverage for you and your eligible family members, a Flexible Spending Account (FSA), life and supplemental life insurance plans, short and long-term disability insurance.  Our package includes: Paid Time Off (PTO), a 401k plan with an employer match, Employee Assistance Program, Employee Discount Program and a Financial Wellness Service.

AREP is an Equal Opportunity Employer and provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability or genetics.

 M/F/Disability/Veteran

Our company performs post offer drug and background screens in accordance with state and local laws.