Director of Real Estate Acquisitions
Job Location:
Houston, MS - USA
Yearly Salary:
Posted on:
Vacancies:
Job Summary
Director of Real Estate Acquisitions
WhiteWater Express Car Wash Houston TX Full-Time On-Site $130k Bonus
Job Overview
The Director of Real Estate Acquisitions is a strategic leader responsible for sourcing evaluating negotiating and closing real estate acquisitions that support the companys longterm expansion strategy. This role will lead the site selection and broker management strategy and will manage a team of acquisition associates as well as manage certain broker relationships role will be responsible for managing and continuously refining our site selection analysis in partnership with Finance managing our broker and developer strategy interfacing directly with brokers and managing the acquisition legal process in partnership with the Vice President of Construction and Development. This position requires a player / coach leader who can develop a team and assume additional responsibilities as the company grows.
What Youll Do
1. Acquisition Strategy & Pipeline Development- Build and maintain a robust pipeline of site acquisition opportunities aligned with the companys market densification and expansion strategy
- Cultivate relationships with brokers developers property owners and municipal partners to ensure early access to opportunities
- Conduct desktop and on the ground market research trade area analysis and competitive assessments to identify high potential sites
- Develop and refine acquisition criteria underwriting standards and investment thresholds in partnership with the Chief Strategy Officer and Finance leadership
2. Deal Evaluation and Underwriting
- Lead site selection analysis financial modeling feasibility analysis (in partnership w/ Development team members) and ROI projections for all prospective acquisitions and leases
- Assess zoning entitlements environmental conditions and site constraints to determine project viability
- Prepare investment decks and present recommendations to executive leadership and the Board Real Estate Committee
- Partner with VP of Construction to validate site functionality access traffic flow and operational suitability
3. Transaction Negotiation and Management
- Lead negotiations for LOIs PSAs easements leases and related deal documents
- Partner with Development on management of due diligence activities including surveys environmental reports title review and third-party assessments
- Manage external attorneys to ensure risk mitigation and contract compliance
- Drive deals from initial contact through closing ensuring timelines budgets and deliverables are met
4. Leadership & Team Management
- Lead mentor and develop the Real Estate Acquisitions Associates enhancing performance through training and additional responsibilities earned through performance
- Be the culture carrier for the team and our external brokers and consultants
5. Portfolio Review
- Monitor performance of acquired sites and identify opportunities for expansion or divestiture
- Track competitor growth and performance across all existing markets and monitor competitive density on a quarterly basis
What Were Looking For
- Bachelors degree in Real Estate Finance Business or related field preferred but not required
- 7 years of experience in retail commercial real estate acquisitions development or investment
- Proven track record of sourcing underwriting negotiating and closing retail or commercial real estate transactions
- Strong financial modeling skills and familiarity with acquisition underwriting tools
- 2 years of experience managing a team
- Deep understanding of zoning entitlements site planning and due diligence processes
- Sale Leaseback and Real Estate Financing experience a plus
Why Join WhiteWater
- This is a leadership role in a high growth founder-led organization
- You will have a direct impact on our growth strategy and overall future
- Entrepreneurial collaborative culture
- Opportunities for further advancement
Compensation & Benefits
- $130000 base bonus potential
- Medical Dental Vision
- 401(k) with company match
- PTO paid holidays
- Company-paid life insurance
- Free weekly car washes
Required Experience:
Director
About Company
WhiteWater Express is your neighborhood's best car wash starting at only $10! Enjoy FREE vacuums, FREE mat cleaners & vending machines! Unlimited plans available.
