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Director of Development and Acquisitions

Director of Development and Acquisitions

BisnowSan Diego, CA, US
1 day ago
Job type
  • Full-time
Job description

The Director of Development and Acquisitions will lead efforts to identify, structure, and execute multi-family affordable / workforce housing development projects, while also supporting selective acquisition opportunities. The role emphasizes the full development lifecycle—from feasibility to close—within the West Coast markets (California, Washington and Oregon).

Job Responsibilities

  • Development Leadership :
  • Lead real estate development projects from concept through completion
  • Conduct feasibility studies, entitlement strategy, budgeting, and financial modeling
  • Oversee third-party consultants, architects, engineers, and contractors
  • Coordinate with internal teams for design, construction, finance, and asset management
  • Ensure adherence to BRIDGE’s high quality and affordability standards
  • Real Estate Acquisitions (Support Function) :
  • Evaluate potential property acquisitions aligned with BRIDGE’s mission
  • Underwrite and analyze acquisition deals, negotiate LOIs and PSAs
  • Work with legal counsel and Capital Markets Group to close transactions
  • Financial / Legal / Administrative :
  • Prepare and validate pro formas, budgets, and deal assumptions
  • Complete financing applications and manage the closing process
  • Collaborate with legal on all transaction documents
  • Collaboration :
  • Partner with Property Management, Asset Management, Capital Markets, Legal, and outside stakeholders
  • Support cross-functional development and acquisition initiatives

Qualifications

  • Bachelor’s Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred
  • 7–10 years of experience, with a strong emphasis on affordable housing development
  • Experience in the Los Angeles real estate market is preferred
  • Proven success in project delivery, deal structuring, and public / private financing tools (LIHTC, tax-exempt bonds, etc.)
  • Strong analytical, project management, and communication skills.
  • Extensive hands-on experience in the underwriting and financing of affordable housing projects, including the use of typical financing sources such as low-income housing tax credits, tax exempt bonds, HOME, CDBG, HUD Section 202, etc
  • Experience with acquisition of HUD at-risk properties, HOPE VI and / or homeownership developments
  • High level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactions
  • Past personal involvement in reading and negotiating legal documents
  • Excellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely information
  • Experience reviewing and negotiating legal documents
  • #J-18808-Ljbffr

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