Our client, a privately-held, vertically-integrated commercial real estate investment firm focused on value-add acquisitions and distressed acquisitions in the Western US, seeks an experienced Director of Acquisitions to establish a new satellite office in Northern California.
The firm is frequently an all-cash buyer with a healthy balance sheet, with a significant dry powder to deploy.
The Director of Acquisitions is an integral and highly visible role responsible for identifying value-add opportunities in multiple markets, reporting to the Head of Strategic Investments.
A day in the life of the successful Director of Acquisitions includes, but is not limited to:
- Sourcing new opportunities matching the firms investment criteria
- Identifying and covering target markets throughout Northern California
- Overseeing the full acquisition process, including managing due diligence, reviewing third-party reports, and working with legal and finance teams to facilitate closings
- Establishing regular communication lines with the Companys home office in Southern California
- Preparing market analysis, underwriting and deal summaries for opportunities presented to the investment committee
- Developing relationships within the brokerage, developer, and lender communities in target markets to facilitate opportunities
- Attending selected conferences and industry events
Requirements
The ideal Director of Acquisitions possesses the following characteristics & skills:
- 5-10 years of real estate acquisition and underwriting experience across all product types, with a focus on office and retail properties
- Established relationships within the investment sales and brokerage community, and thorough knowledge of the Northern California commercial real estate market
- Undergraduate degree in real estate, business, finance, economics, or accounting preferred; advanced degree is a plus
- Strong quantitative and analytical skills, with the ability to quickly assess deal viability
- Outstanding verbal and written communication skills
- Adept at developing effective working relationships with others in a team-oriented, collaborative, and deadline-driven environment
- Trust and integrity are integral characteristics to enable a successful outcome
- A "Team Player" mentality, with a passion for brainstorming, problem solving, and independent thinking
Benefits
Our client offers a generous and comprehensive compensation & benefits package, along with the opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.
The ideal Director of Acquisitions possesses the following characteristics & skills: 5-10 years' of real estate acquisition and underwriting experience across all product types, with a focus on office and retail properties Established relationships within the investment sales and brokerage community, and thorough knowledge of the Northern California commercial real estate market Undergraduate degree in real estate, business, finance, economics, or accounting preferred; advanced degree is a plus Strong quantitative and analytical skills, with the ability to quickly assess deal viability Outstanding verbal and written communication skills Adept at developing effective working relationships with others in a team-oriented, collaborative, and deadline-driven environment Trust and integrity are integral characteristics to enable a successful outcome A "Team Player" mentality, with a passion for brainstorming, problem solving, and independent thinking Some travel required