Manhattan, NY
Salary Estimate: $175,000.00 - $199,999.00
Employment Type: Full Time
Work Place: Office
Experience Required: 5+ to 7 years
Education Required: Graduate Degree
Benefits
Job Description
The primary responsibility of the Director of Acquisitions, Residential is to identify new investment opportunities for the company and to play a key role evaluating and underwriting these transactions under the direction of a senior deal professional. The company is a private real estate investment trust (REIT) that acquires, manages, repositions and develops retail assets and mixed-use assets in various locations throughout the U.S. and in select international markets. This position entails a very high level of responsibility for an experienced, extremely entrepreneurial candidate who will take the initiative and requires minimal daily supervision.
Job Responsibilities:
- Develop an extensive network of third-party intermediaries, property owners, developers, economic development officials and other industry professionals through cold calling, direct meetings and attendance at trade shows/conferences in order to generate deal flow (preferably proprietary and off-market);
- Identify, research, present and pursue retail and mixed-use opportunities of between $15 million and $100+ million that have a “value-add” component and therefore the potential to achieve significant returns;
- Conduct extensive market research within Miami, FL to understand and anticipate demographic trends/shifts, identify under-retailed areas and pursue opportunities to leverage relationships with major national retailers,
- Travel to target markets to solidify relationships, tour assets and gather intelligence on prospective deal opportunities;
- Leverage, manage and contribute to the company's proprietary database of over 15,000 contacts and potential deal opportunities and update Sourcing Pipeline weekly;
- Submit written findings and recommendations on all prospective acquisitions;
- Perform property assessments, financial analysis, and other due diligence;
- Assist in structuring transactions, negotiating pricing and drafting letters of intent;
- Work closely with the Acquisitions Team to underwrite and consummate deals;
- Interface with in-house Development and Leasing teams to gather data on projected construction/redevelopment costs, leasing assumptions and other information for use in developing financial models and generating returns scenarios.
Job Qualifications:
- Ability to work effectively in a cohesive team environment
- Positive, proactive work ethic and approach
- Well developed organizational skills and attention to detail
- Strong presentation skills
- Flexibility and ability to multitask
- Comfortable working in a fast-paced evolving environment
- Self-starter & able to work independently
- Strong relationship management skills
- Resourceful and persuasive in nature
- Superior verbal & written communication skills
- Knowledge of lease language & industry practices
- Legal acquisition knowledge
- Computer knowledge of ARGUS, MS Word, Excel, PowerPoint
- Computer savvy with industry related financial modeling tools
- Willing to travel
- Minimum of 5-7 years related industry experience
- Masters degree preferred
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Chicago, IL
Post Date: 04/08/2025
Expires: 05/23/2025
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