Listing Details


 

Lauren Hodgetts | lauren@kelleraugusta.com

Director of Acquisitions

New York, NY

JOB DESCRIPTION

Company Overview:
Our client is a vertically integrated investment firm specializing in acquiring and managing apartment communities across the Sun Belt. With a focus on unlocking value, they focus on delivering strong investor returns while fostering thriving residential communities. The company has been in “growth mode” since its inception in 2015 and eager to continue its thoughtful expansion.

Position Summary:
Our client is seeking a Director of Acquisitions to oversee the acquisition of multifamily assets throughout the Sun Belt and manage the acquisitions team. The successful candidate will collaborate with executive leadership to lead the platform and will assist in the leadership of various strategic investment efforts throughout the organization.

Responsibilities:
• Help to execute regional investment strategy and scale the firm’s investment capabilities responsible for sourcing core plus and value add property acquisitions
• Identify strategic opportunity for the investments team within the position’s assigned region and develop the sourcing strategy and pipeline, targeting on-market and off-market transactions that satisfy current portfolio management requirements.
• Navigate major portfolio and asset management decisions including acquisitions, dispositions, refinancings, budget and business plan approvals, and capital expenditures.
• Determine key data needed for investment decision making and client communication and work cross functionally to produce.
• Establish deal-level equity capital strategy; take the lead in formulating and implementing the company’s equity capital strategy on a deal-by-deal basis, helping to identify potential funding sources, and structuring equity deals to support the firm’s strategy.
• Identify deals for Joint Venture LPs and participate in the sourcing of equity.
• Present potential acquisitions to senior team and investment committee
• Develop and foster strong industry relationships with brokers, owners, lenders, equity partners and others to expand sourcing network.
• Supervise and mentor investment officers on market and property research and underwriting of potential investments.
• Assist in determining optimum leverage and securing financing for acquisitions.
• Coordinate due diligence using other specialized team members to ensure comprehensive and
timely completion within the transactional timeframe and the firm’s investment process requirements.
• Negotiate LOIs, term sheets, and legal documentation associated with the investment, helping to manage the firm’s outside counsel.
• Oversee and manage the closing of acquisitions and financings.
• Support Portfolio Management with the tracking of investments post-acquisition.
• Provide high-level input into the property/investment valuation process.
• Proven ability to manage, hire and train regional acquisitions team.
• Consistently demonstrate use of tact and discretion.
• Heavy in-market, regional travel as needed.

Job Qualifications:
• Minimum of ten (10) years of experience in commercial real estate with at least three years as a
multi-market acquisitions professional in the multi-family sector.
• Strong knowledge and relationships within sunbelt markets.
• Undergraduate degree is required.
• Emerging leader within the industry and established relationships within the institutional investment
community.
• Proven investment acumen and track record. Ability to “go deep” into financial models and to
identify and evaluate key data for investment decision making.
• Proficiency in Microsoft Suite of Products (e.g., Word, Outlook, Excel, Teams, Power Point).
• Strong interpersonal and communication skills.
• Strong problem solving and time management skills with the ability to exercise sound judgment and
make decisions based on accurate and timely analyses.
• Exceptional organizational skills with the ability to pivot, reprioritize and multitask across the region
(at a deal level).
• High level of integrity, dependability and can work in a discrete and confidential manner.
• Nimble, high energy team player.