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Director of Acquisitions

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Dallas
 TX
Postal Code
75202
Country
United States

This job is no longer active.

Description


RealtyMogul launched in 2013 with one mission: simplify real estate investment by connecting individual investors to high quality commercial real estate transactions. Today we are one of the largest, most recognizable brands in online real estate crowdfunding, with over $550 Million in capital invested into over $2 billion of real estate nationwide. We were recently named the #1 Commercial Real Estate Crowdfunding Platform for 2019 by Motley Fool. We remain focused on building the best online experience to enable individual investment into highly vetted commercial real estate assets and to educate our growing user base about the many aspects of real estate investing, all through an online, scalable platform.

Director of Acquisitions

Description and Qualifications

RealtyMogul is seeking a Director of Acquisitions in Dallas, TX to expand its multifamily portfolio with an emphasis on both value-add and stabilized properties. The ideal candidate will have strong acquisitions experience from deal sourcing through closing.


The candidate will have at least ten years of experience and a proven track record of success in real estate analysis and acquisitions.

The Director of Acquisitions must have the ability to work independently and in collaboration with the rest of the RealtyMogul team.


The Director of Acquisitions has responsibility for sourcing, underwriting, and closing multifamily investment opportunities.


Please include a cover letter with your submission detailing the following three things:
1) Why you want this opportunity 2) How you have sourced multifamily acquisition opportunities in the past and 3) The top 3 sub-markets you think make sense to invest in post Covid.


Duties and responsibilities include:

  • Foster, establish, and maintain good working relationships with brokers, sellers, lenders, property managers, and vendors to help facilitate acquisitions and source on and off-market acquisition opportunities.
  • Underwrite and recommend acquisition targets after researching properties, walking properties, and analyzing rent and sale comps, submarkets, demographics, physical characteristics, and other pertinent information.
  • Create investment proformas including business plans and debt assumptions.
  • In conjunction with the asset management team, create and review capital budgets and business plans and coordinate with third party managers and other sources to help fully define and vet investment opportunities.
  • Prepare and submit letters of intent to brokers and sellers.
  • Work with attorneys to negotiate purchase and sale agreements.
  • Manage the due diligence process including gathering and analyzing due diligence materials and coordinating third party reports. This includes verifying property details, market analyses, title/survey, rent comps, as well as completing property inspections, unit walks, lease file audits, and maintenance audits.
  • Work with lenders to identify optimal debt strategies.
  • Present final recommendations to Investment Committee.

 Who you are:

  • Minimum of 10 years in multifamily real estate acquisitions with a proven track record.
  • Bachelor's and/or Master's degree in Finance, Real Estate and/or Economics preferred.
  • Excellent computer skills with MS Office including Word, Excel and PowerPoint.
  • Highly proficient with Microsoft Excel including the ability to create complex financials models and waterfalls.
  • Self-starter and highly motivated with the ability to multi-task.
  • Experience negotiating debt term sheets and coordinating lender financing.
  • Well-connected in DFW and surrounding markets with deep personal relationships with brokers

Job Function


 

Job Sector


Not specified

 

Experience


10+ to 15 years


This job is no longer active.

Acquisitions Dallas Full Time TX Acquisitions Director of Acquisitions other