Job Description

About RealtyMogul & RM Communities

Our mission is to simplify real estate investment by connecting investors to high quality commercial real estate transactions. Real estate is the most popular asset class in the world, and probably the most fraught with peril for the individual investor. Individuals have extremely limited information and access beyond their own neighborhood. The ability to do due diligence is minimal, and it is complex to negotiate, purchase, manage, and liquidate.

RealtyMogul was created to make this asset class available. We allow our investors to buy portions of properties instead of entire ones or get exposure to multiple properties via third party funds or our proprietary REITs. We source the partners or investments ourselves, diligence them ourselves and walk every property that we offer up for investment.

We have been at it for 7 years and have backed more than 70 operating partners across the country in addition to building our own direct acquisitions team. We have learned what a great property that is well managed looks like. We leverage our experience to find the best deals, actively asset manage, and maximize our investors’ returns.

Today we are one of the largest, most recognizable brands in online real estate crowdfunding, with over $600 million in capital invested into over $2.8 billion of real estate nationwide. We were recently named the #1 Commercial Real Estate Crowdfunding Platform by Motley Fool. We remain focused on building the best online experience to enable 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.

RM Communities is a wholly owned subsidiary of RealtyMogul and is our general partner (“GP”) direct acquisitions business where we source and close multifamily acquisitions on behalf of our family of Real Estate Investment Trusts (“REITs”).

Description and Qualifications

RealtyMogul is seeking a Director of Acquisitions headquartered on the East Coast to expand its multifamily portfolio with an emphasis on both value-add and stabilized properties.   The ideal candidate will have deep broker relationships with the potential to cover the following markets:  FL, GA, SC, NC, TN, AL.

The candidate will have at least ten years of experience and a proven track record of success in real estate analysis and acquisitions with experience from deal sourcing through closing. 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.

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.
• Work with dedicated associate to 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.
• In conjunction with a dedicated associate, 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.
• Deep broker relationships.

How to Apply

Job Categories: Equal Opportunities. Job Types: Full-Time. Salaries: Not Disclosed.

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