Vice President of Acquisitions/Rehab

Description:

POSITION OVERVIEW:

A leading real estate developer in affordable housing and P3/Student Housing is seeking a Vice President of Acquisitions/Rehab to join its dynamic team of real estate professionals. The successful candidate will be primarily responsible for the identification, acquisition, rehabilitation, and recapitalization of multi-family properties in one or more of three regions (Great Lakes, Great Plains, and/or Southeast). This position offers a unique opportunity to build a platform aligned with our vision of impact housing. This role requires market insight, financial acumen, interpersonal skills and a proven ability to negotiate and close deals.

ESSENTIAL FUNCTIONS:

Include but are not necessarily limited to the following:

• Network and maintain relationships with owners, lenders and brokers.
• Identify, source, negotiate, and acquire multi-family assets by engaging with owners, brokers, and lenders that align with the company’s acquisition criteria.
• Collaborate with the firm’s executive leadership team to refine the investment thesis, strategic business plan, and financial projections.
• Conduct comprehensive research, underwriting, and financial modeling of acquisition opportunities.
• Create complex financial models analyzing sophisticated waterfall cash flows and recapitalization strategies.
• Lead asset acquisition due diligence, including property and market research, title review, third-party reports, and preparation of the final due diligence report for investors and lenders.
• Prepare deal memos and financial proformas for the internal investment committee, limited partners, and lenders.
• Handle the legal aspects of the acquisition process, including letters of interest, purchase agreements, loan documents, and closing documents.
• Manage relationship with tenant relocation consultant.
• Maintain files and work product in the company’s shared drive and track pipeline and follow-up in the company’s project management software.
• Work with finance, construction, and property management teams through renovation and recapitalization to reach stabilized operations.

WORK ENVIRONMENT:

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• The work environment is that of a fast-paced office with minimal to high noise levels.
• This position requires working independently as well as part of a team.
• This position requires verbal and face-to-face contact with others daily.
• Frequent use of a computer is necessary as well as all general office equipment.
• At times while on site this position will be exposed to routine job site hazards and thus appropriate safety precautions will need to be adhered to in strict accordance to OSHA.

Requirements:

QUALIFICATION REQUIREMENTS:

• Minimum of 5 years (10 years preferred) of experience in real estate acquisitions, with a focus on multi-family affordable housing (Bonds, LIHTC, 501c3, etc.)
• Bachelor's degree required; a graduate degree or relevant professional credentials preferred.
• History of sourcing, negotiating, and closing deals.
• An existing network of brokers, tenants, developers, managers, and landowners in one or more target markets.
• Exceptional analytical and technical skills, including advanced proficiency in financial modeling and analysis.
• Excellent oral and written communication and interpersonal skills.
• Ability to create and execute an acquisition strategy independently.
• Highly organized and efficient.
• Self-motivated, results-oriented, and able to thrive autonomously in an entrepreneurial environment.
• Willingness to travel as required.

PHYSICAL DEMANDS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Frequent walking, standing, sitting within the work area.
• Driving to/from locations for business-related purposes.
• Willingness to travel as required.