Director of Acquisitions and Development

Job Description

Job Description

Job Purpose

The Director of Acquisitions and Development will be responsible for evaluating and assessing potential real estate acquisitions, divestitures and development of multi-family affordable / workforce housing. The incumbent should be able to evaluate and assess potential acquisitions including market research, underwriting, structuring, closing and transaction management. The preferred candidate is someone who has a strong local network within BRIDGE’s markets, the major metros across the West Coast.

The position is ideally suited for a highly motivated, detail-oriented individual with an experienced background in both market-rate and affordable multifamily housing. This individual should have the desire to be a part of a rapidly growing non-profit organization with upward mobility, and work within a team of other highly motivated individuals.

Duties and Responsibilities

Sourcing of Real Estate Acquisitions

• Source, evaluate, and assess potential real estate acquisitions throughout BRIDGE’s footprint in CA, OR and WA with a focus on the Los Angeles region.
• Lead the underwriting and due diligence for each transaction including financial modeling, market surveys, broker interviews, interaction with property management personnel, and local government officials.
• Effectively and efficiently manage real estate and finance transactions including site and property acquisitions, rehabilitation and financial closings
• Source and identify new joint venture partners to create relationships that will provide a consistent pipeline of suitable investment opportunities
• Compilation of due diligence information including financial, market, site, and regulatory data

Quality

Financial / Legal / Administrative

Collaboration

Requirements

Working Conditions

This will be in office and at property sites with some travel required.

Physical Requirements