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Director of Development and Acquisitions

Director of Development and Acquisitions

BisnowSan Diego, California, United States, 92173
1 day ago
Job type
  • Full-time
Job description

Director of Development and Acquisitions

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 lifecyclefrom feasibility to closewithin 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 BRIDGEs high quality and affordability standards.
  • Real Estate Acquisitions (Support Function) :
  • Evaluate potential property acquisitions aligned with BRIDGEs 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

  • Bachelors Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred.
  • 710 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.
  • $160,000 - $190,000 a year

    Compensation details : 160000-190000 Yearly Salary

    PIdde5a403c851-30511-38499009

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    Director Of Development • San Diego, California, United States, 92173

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