POSITION SPECIFICATION
ASSOCIATE DIRECTOR/DIRECTOR INDUSTRIAL ACQUISITIONS
Shine Associates LLC has been retained to search identify and recruit an Associate Director/Director (Director) Industrial Acquisitions on behalf of our client (Company). This position will be based in Atlanta GA.CONFIDENTIALITY
Shine Associates LLC has been exclusively retained on this assignment. Information contained in this position specification as well as any other information concerning the Company provided or verbally discussed is confidential. All materials and discussions are to be utilized for the sole purpose of a candidates personal review of the career opportunity.CLIENT DESCRIPTION
Our client is a privately-held and vertically-integrated real estate company that develops owns and operates a portfolio of multifamily industrial and mixed-use developments. With corporate offices in Atlanta Boston Dallas Dubai New York and San Francisco the firm is an experienced real estate private equity investor and manager supported by an integratedoperating platform and has 60 years of experience across multiple asset Companys existing and under-development properties are valued at over$29.0 billion.Duringits60-year history the firm has developed managed or acquired over96000residential units and32.5millionsquare feet of commercial space intwenty-fourstates. The current portfolio includesover 55000residential units 1 million square feet of retail and office space and 25 million square feet of industrial space.ASSOCIATE DIRECTOR/DIRECTOR INDUSTRIAL ACQUISITIONS
The Director of Industrial Acquisitions is involved in all aspects of sourcing industrial buildings in Southeast markets. The successful candidate will work out of the Companys Atlanta office and report directly to the Senior Managing Director in Dallas. The Director of Industrial Acquistitions will embrace the company values of accountability inclusiveness energizing and courageousness.ESSENTIAL DUTIES AND RESPONSIBILITIES
Market Selection- In conjunction with the Senior Managing Director on a quarterly basis review and evaluate market data and recommend markets and sub-markets in which to target acquisitions.
Deal Sourcing - The Director is responsible for sourcing potential real estate industrial acquisitions. Networking within the real estate community is a major part of this position and includes determining the appropriate contacts within markets and the evaluation of which will be most beneficial in ensuring the successful execution of the firms long-term business plan. Essential contacts to be established and maintained include competitors brokers management companies developers potential sellers data providers and so forth.
- This position requires extensive travel to source new transactions and must maintain a current pipeline of for-sale properties.
Industrial Acquisition Process Management- Prepare a market analysis
- Develop a financial assessment and prepare an acquisition pro forma
- Supervise assigned real estate analyst
- Negotiate with seller or sellers representatives
- Assemble and manage the due diligence team
- In conjunction with Property Operations and Asset Management develop a business plan for the subject property
- Assist the Treasury Group in obtaining the bridge and/or permanent financing
- Present to the Investment Committee to secure requisite internal approval
Provide Guidance and Management Oversight- If assigned a direct report the Director is responsible for providing guidance and management oversight. This includes setting tasks approving travel evaluating their work product and assisting with year end performance evaluations.
Industry Affiliations- Participate in national trade associations that further the business activities of the firm such as Urban Land Institute (ULI) or the National Association of Industrial and Office Properties (NAIOP).
OTHER SKILLS AND ABILITIES
- Excellent verbal and written communication abilities interpersonal and negotiation skills.
- Extremely detail- oriented with demonstrated ability to organize & prioritize projects complete multiple tasks on schedule.
- Ability to problem-solve and exercise independent judgment while displaying a high degree of initiative and accuracy.
- Experience in Argus and Excel is preferred.
- Understand financial analysis and modeling.
- Able to maintain confidentiality.
- Willing to travel extensively.
QUALIFICATIONS SKILLS AND EXPERIENCE
To perform this job successfully an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge skill and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.- Bachelors degree required with a concentration in Finance or Real Estate preferred; or a minimum of 5 years of industrial acquisitions experience; or equivalent combination of education and experience.
- Ability to read analyze and interpret general business periodicals professional journals technical procedures or governmental regulations. Ability to write reports business correspondence and procedure manuals. Ability to effectively present information and respond to questions from groups of managers clients customers and the general public.
- Ability to work with mathematical concepts such as probability and statistical inference and fundamentals of plane and solid geometry and trigonometry. Ability to apply concepts such as fractions percentages ratios and proportions to practical situations.
- Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written oral diagram or schedule form.
COMPENSATION
The Company is prepared to offer a competitive compensation package including salary bonus and other benefits.CONTACT INFORMATIONShine Associates LLC45 School St. Suite 301Boston MA 02108 Hillary H. Shine Principal Kelsey E. Shine DirectorCell Cell emailprotected emailprotected Required Experience:
Senior IC