Contact: Kate Keller
phone: 617-247-0505
kate@kelleraugusta.com

Location: Boston-Metro West, MA

Reports to:      Chief Executive Officer
                        Vice President of Acquisitions
                                                           
Position Purpose

The Director of Acquisitions will run all aspects of the Company’s multifamily acquisition effort. Has responsibility for sourcing new deals, investigating new markets, underwriting and analysis, physical site inspections, due diligence, structuring and completing transactions. Extensive travel is required.

Essential Functions
The following list of essential job functions is not exhaustive and may be supplemented or changed as necessary.

• Sources, evaluates and analyzes new opportunities, both on-market and off-market, utilizing a variety of methods (including, but not limited to brokers, bulletins and news sources)
• Analyzes target markets throughout the United States to anticipate and identify expansion opportunities by researching market conditions, demographics, competition and other activity generators
• Performs site visits and inspections
• Conducts analysis and provides management with deal summaries to identify the most financially promising deals
• Conducts feasibility analysis for all new sites or properties under consideration
• Performs due diligence on potential acquisitions
• Reviews third party appraisals and environmental studies
• Analyzes and applies appropriate market-based underwriting criteria
• Coordinates contract support for all phases of the acquisition process, which includes: review of purchasing and closing documents, as well as due diligence review of all leases and property contracts
• Searches public records for any variances, liens, assessments or other issues to ensure anything pending can be dealt with
• Negotiates with sellers on the sales price and terms of the purchase
• Prepares risk assessments and summary reports
• Works with legal staff to negotiate pre-closing agreements
• Acts as a team member with all employees of the firm’s staff
• Complies with all policies and procedures
• Carries out other duties as assigned by supervisors

The individual must posses the following knowledge, skills and abilities and be able to explain and demonstrate that he or she can perform the essential functions of the job, with or without reasonable accommodation, using some other combination of skills and abilities.

• Must have an understanding or direct experience with multifamily real estate and asset management
• Highly motivated and enthusiastic team player with a "can do" attitude and ability to effectively internalize the business objectives and spirit of a rapidly developing, fast-paced, success-oriented and highly principled entrepreneurial company
• Ability to create financial models
• Must be familiar with accounting systems
• Must be highly resourceful and possess the ability to research and identify residential sub markets with growth potential
• Demonstrated success in projects requiring independent judgment
• Excellent Microsoft Office and Advanced Excel skills required
• Excellent verbal and written communication skills
• Ability to handle pressure and meets deadlines and set priorities for workload
• Ability to interpret responsibilities and possess initiative and willingness to assume additional responsibilities
• Ability to work collaboratively with coworkers and maintain a cooperative, productive atmosphere
• Must be adaptable and able to travel with little notice

Supervisory Responsibilities

• Directly supervises the firm’s Multifamily Acquisition team.
• Carries out supervisory responsibilities in accordance with the organization’s philosophy.
• Reviews workload and analyzes staffing requirements; interviews, selects, trains, counsels and evaluates staff to ensure effective support; reviews the efforts of staff and provides direction where needed, ensuring timely completion of task and projects in accordance with objectives.
• Plans and implements a program of training and professional development for all assigned staff; program must develop the skills and future potential of team members and maintain a high level of knowledge in their respective areas.

Experience

• 7-10 years of experience identifying, underwriting, and closing real estate transactions
• Exposure to real estate asset management is preferred

Education

• Bachelor’s degree in Business Administration or a related field is required

Physical Demands

• Extensive national travel required