Head of Acquisitions

Job Description

Iconic is one of the fastest growing industrial investment firms in the country – with approximately $200 million AUM and another $200 million under contract – with programmatic institutional capital to grow the firm to over $1 billion AUM over the next couple of years. Its current acquisition targets are Development, Light Industrial Aggregation, Cold Storage and Industrial Outdoor Storage (IOS).

The Head of Acquisitions for the Southeast will focus on leading all Industrial Acquisitions (Development, Light Industrial, Industrial Outdoor Storage, Cold Storage) in the Southeast Region with a specific focus on Florida. While the role will be leading the day-to-day of all acquisition processes in the region, this position will drive additional off-market acquisitions through their existing brokerage relationships, developing new brokerage relationships, and implementing Standard Operating Procedures for Iconic’s acquisition team and drive overall profitability for the region. The ideal candidate will have 5-10 years of experience in Industrial Acquisitions/Development, preferably the Southeast, with additional experience in development/construction. The role will be based in Miami, FL reporting directly to the firm’s CEO.

Key Responsibilities:

• Work with Southeast Acquisition Team to create an industrial acquisition and execution strategy.
• Develop and implement SOP’s around generating new acquisition targets, maintaining pipeline, compiling comps and organizing data.
• Leading Due Diligence in conjunction with Asset Management.
• Working with the Director of Asset Management to ensure business plan execution post-close.
• Network with Brokers and Owners to source and underwrite new off-market acquisitions.
• Research market conditions and maintain up to date leasing, sales, vacancy, and development data.
• Author investment committee memorandums and present new acquisition targets to Investment Committee
• Lead the hiring of property management, leasing brokers, and sale brokers.
• Negotiate LOI’s, PSA’s, Loan Agreements, and Broker Commission Agreements.
• Lead the construction process of ground up warehouse development
• Understand entitlement processes and pathways in different municipalities and interface with the proper governing bodies to secure necessary permits, approvals, zoning changes, etc.
• Assist in the financial reporting of each asset with Asset Management.

Required Experience & Skills:

• 5-10 Years of experience sourcing, underwriting, developing, and managing industrial acquisitions in the Southeast
• Proficiency in financial modeling, Microsoft Excel, Microsoft Office and ARGUS
• Excellent communication skills, able to speak to market dynamics (Macro and Micro) concisely and eloquently, as well as prospective acquisitions.
• Taking initiative is a must - this candidate needs to be able to work independently as well as with a team to network and source acquisitions.
• Extremely well organized in processes and data
• Able to travel across the Southeast to tour properties and network with brokers and owners.

Compensation:
Competitive Salary with significant sharing in fees and promotes