Listing Details


 

 Qualified candidates please contact Sierra Olney |sierra@kelleraugusta.com |401-487-4898

Vice President of Acquisitions, DC

Washington, D.C

JOB DESCRIPTION

COMPANY
Our client is a Boston based, entrepreneurial real estate investment manager focused on acquiring and managing high quality commercial and residential assets. Founded in 2014, this rapidly growing firm boasts a localized and varied investment strategy; their principals offer over 35 years of commercial real estate expertise having represented over $2 billion in total transactions. In late 2019, the firm partnered with one of the top private equity real estate firms nationally to execute a strategy of high quality, infill industrial properties. This partnership has closed and/or has under contract more than 30 transactions totaling over 4.3 million square feet and has been one of the most active industrial buyers in the Boston MSA. Over the past 18 months our client has successfully deployed over $800 million of capital, and the joint venture plans to continue to grow its portfolio throughout New England and the Mid-Atlantic.
 

POSITION SUMMARY
Our client is seeking a Vice President, Acquisitions D.C. to serve as a market leader in their respective region. The role will be focused on leading the day-to-day acquisition and development efforts in the region. The ideal candidate will have seven to twelve years of acquisitions experience across national and/or regional industrial markets. This role could be based in the firm’s Boston headquarters; however, this position could sit in D.C. and/or other additional markets from New Jersey through the Mid-Atlantic. This position will report directly to the firm’s founding partners and will collaborate with joint venture partners regularly.

 
KEY RESPONSIBILITIES
·               Collaborate with principals, investment team and JV Partners to create a competitive and forward-looking industrial aggregation and execution strategy

·               Lead sourcing for acquisition opportunities through direct relationships in market and brokerage community

·               Drive the regional/national investment brand; travel to help evaluate entity level acquisitions and development opportunities

·               Ensure investment returns and strategy are being realized, including determining, tracking and reporting on appropriate metrics for measuring financial productivity and success

·               Professionally and ethically serve as a representative and fiduciary for our client

·               Manage relationships with brokers and owners; source, underwrite and oversee diligence on new acquisitions

·               Negotiate PSAs, broker agreements, financings, ground leases, etc.

·               Tour markets and properties, conduct research on market conditions and analyze market data

·               Assist with investment committee packages and present investment opportunities

·               Manage relationships with external Asset, Development and Property Management teams to perform due diligence on investments

·               Work closely with internal team to hire third-party consultants

·               Assist in transition of assets to third-party management teams

·               Preferred understanding of local and state entitlement pathways and be able to assess entitlement risk for ground-up and change of use to industrial development projects

 

QUALIFICATIONS & SKILLS
·               B.A./B.S. required; advanced degree to include M.S./M.B.A. a plus

·               7 - 12 years of experience networking, sourcing and underwriting industrial (and value add commercial) acquisition opportunities

·               Demonstrated ability to originate and close complex real estate transactions within the Mid-Atlantic territory with extensive experience in the industrial sector, operational experience a plus

·               Exceptional ability to oversee/collaborate on deal modeling in Excel and ARGUS

·               Ability to assemble and lead successful teams both internally and externally as needed

·               Experience working with joint venture partners and various investment structures along with related governing documents

·               Strong quantitative skills and proficiency in Microsoft Excel and Microsoft Office – Argus would be a plus

·               Excellent interpersonal, verbal, and written communication skills

·               Self-starter with the ability to learn quickly, work both independently and as a team member, and to prioritize and handle multiple tasks simultaneously in an organized and efficient manner

·               This position will require travel throughout the respective region