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SVP, Multifamily Acquisitions

Salary
$200,000-$300,000+
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Los Angeles
 CA
Postal Code
90058
Country
United States

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Description


Formed in 1992, Fifteen Group is a multidisciplinary, highly opportunistic Miami-based real estate investment company known for its entrepreneurship and outstanding investment track record. The SVP, Multifamily Acquisitions will be a highly talented individual joining the firm’s Los Angeles office to lead acquisitions of multifamily apartment properties, focusing on value-add and opportunistic assets primarily in the Greater Los Angeles and San Francisco Bay areas.  Primary responsibilities include sourcing of new opportunities, both on and off-market, new deal analysis, underwriting, due diligence, closing, and asset management.  Position will work closely with existing team of in-place analysts, associates, and vice presidents to pursue, purchase, and manage existing multifamily properties.  Individual will report directly to ownership. This is a tremendous opportunity for someone with strong experience in the sourcing, acquisition, and management of value-added and opportunistic multifamily properties.


Candidate should have/be:
  • Completed bachelors/undergraduate degree in related field of study (advanced degree preferred, not essential).
  • In-depth working knowledge of Microsoft Office applications, and specifically Excel for underwriting purposes.
  • Seasoned relative experience, including minimum of 7-10 years of meaningful, in-depth experience underwriting, performing diligence, acquiring, and operating multifamily properties.
  • Outstanding communication skills, both verbal and written, and have outstanding organizational skills.
  • An extremely resourceful self-starter, able to take strong initiative, work independently and long hours when needed.
  • A diligent, hard worker, capable of thriving in an intense, high-energy environment.
  • Have a strong knowledge of major California markets (general knowledge of other markets also preferred).
  • Ability to manage multiple priorities, work with multiple opportunities, and efficiently multi-task.
  • Ability to develop and maintain relationships with brokers, owners, vendors, and associates at all levels.
  • Self-motivated, resourceful and proactive, both with respect to managing workload and professional development.
  • Strong understanding of investment proforma, budgets and other project material e.g. market analyses and investment summaries and other descriptions of investment opportunities.
  • Highest level of personal integrity and ethical standards.
  • Ability and willingness to travel frequently to target markets
 
Specific duties will include:
  • Comprehensive leadership on multifamily acquisitions, from sourcing through due diligence through closing.
  • Work to develop, grow, and maintain broker, seller, bank, and deal-sourcing relationships and network.
  • Market inquiries, market research, and in-depth market infiltration to source new investment opportunities.
  • Detailed market analysis, including compilation of market reports, market studies, and market surveys.
  • Creation of detailed pro-formas, discounted cash flows, investor waterfalls, return projections, and all necessary analysis in Excel for new potential acquisition opportunities.
  • Creating and managing presentation packages for new deals and internal/external reporting.
  • Manage acquisition process, including coordination of collection, analysis, and evaluation of due diligence information, reviewing 3rd party reports, shopping competition, and working with attorneys to facilitate closing.
  • Interpret and understand financing structures, incl. financing, constraints, refinancing parameters, recap and debt restructuring documents, loan modifications, equity infusions, general partner docs, etc.
  • Participation in management and oversight of property operations, operating analysis, management performance, including communication with lenders, agencies, owners, and financial partners.
  • Participation in monthly and quarterly reporting to deal partners and firm principals.
 
Please do not contact company principals directly.
 

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Acquisitions Residential Los Angeles Full Time CA Acquisitions, Investment Management, Due Diligence Senior Analyst / Associate / Senior Associate other