Director of Acquisitions

Job Description

We are currently seeking a Director of Multifamily Acquisitions to join the Abacus team in our Los Angeles office (Denver is also a possibility). We are looking for an individual with acquisitions experience in the multifamily sector to assist in our Value-Add and Core investment initiatives, focusing on select target markets in the Central United States. In addition, the individual may be asked to augment the firm’s development activities by sourcing/assisting in land acquisition and pre-development projects.

Responsibilities/Skills:

Abacus is an owner of multifamily real estate nationwide. We are seeking a candidate with 5-10 years’ experience in Real Estate Acquisitions and Finance.  The ideal candidate should have a requisite skill-set that includes the following:

• Familiarity with the multifamily housing market.
• Ability to identify, underwrite and recommend potential multifamily investment opportunities by researching property, demographic and other pertinent information within target markets and apply analytical processes to determine whether opportunities meet or exceed the company’s investment criteria.
• In conjunction with the asset management team, create and review capital budgets and business plans and coordinate with 3rd party managers and other sources to help fully define and vet investmentopportunities.
• Ability to manage and oversee the full due diligence process, including independently verifying all details about the property, arranging and reviewing all due diligence materials including third party reports, market analyses, title/survey, and rent comps, as well as, completing property inspections, unit walks, lease file audits and maintenanceaudits.
• Ability to lead purchase & sale contract negotiations, as well as, work the appropriate channels for financing new acquisitions through both agency and bank debtscenarios.
• Ability to write clear and concise communications and draft Investment Memoranda for presentation to the firm’s InvestmentCommittee.
• Maintain existing and establish new relationships with brokers, owners, operators, attorneys and existing company connections in targetmarkets.
• Technically savvy: Advanced MS Excel skills, Word, PowerPoint, and Adobe Acrobat. RealPage, Yieldstar, iLevel, ResiModel and Rentlytics aplus.
• Consistent travel will be required to target markets in the Central United States in the performance of thisrole.