Full-Time Director of Acquisitions – Southeast or Mid-Atlantic Multifamily
Job Description
About RealtyMogul
RealtyMogul’s mission is to empower investors to live the lives they want by generating wealth through real estate investing.
Founded in 2012, we are ranked the best one-stop shop for real estate crowdfunding by Motley Fool.
On the Platform, investors pool their money together to invest in commercial real estate deals they may not normally have access to on their own including multifamily, office, retail, industrial and ground-up development. And the best part? The real estate companies manage the properties, providing a truly passive real estate investing experience.
Investors can also invest in one of two REITs (Real Estate Investment Trusts), where a single investment gives them access to a portfolio of professionally managed properties that can potentially pay monthly or quarterly cash distributions.
RM Communities is the direct acquisition arm of RealtyMogul, a digital platform where investors have invested in over $4.7 billion of real estate, including historical investments in over 24,000 apartment units. We seek to uncover underappreciated high-quality real estate assets, with a current focus on multifamily assets in stable and emerging U.S. markets. Every property has a story, and we believe different properties have different needs. Our current acquisitions strategies target well-located properties with in-place cash flow and the opportunity to drive through operational enhancements and/or renovations.
About Your Role
RealtyMogul’s direct acquisitions group, RM Communities, is seeking a Director of Acquisitions to help expand its multifamily portfolio with an emphasis on both value-add and stabilized class A, B and C. The ideal candidate will have strong acquisitions experience in all parts of the acquisition process – from deal sourcing through closing.
The candidate should have at least 7 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 acquisitions team and other RealtyMogul team members.
The Director of Acquisitions has responsibility for sourcing, underwriting, and acquiring multifamily investment opportunities.
This role is remote, United States.
Must be eligible to work in the U.S.
What You’ll Do:
- Managing acquisition process from deal sourcing through closing.
- Interfacing with the brokerage community and principals directly to source multifamily investment opportunities.
- Leading underwriting and recommending acquisition targets after researching properties, rent and sale comps, submarkets, demographics, physical characteristics and other pertinent information.
- Fostering and maintaining good working relationships with brokers, sellers, lenders, property managers and vendors to help facilitate acquisitions.
- Analyzing financing options and operating metrics. Preparing proformas and business plans for new acquisitions.
- In conjunction with 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.
- Being the focal point of 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.
- Working with lenders to identify optimal debt strategies and negotiate debt documents.
- Familiarity with private investor capital legal structures and accounting treatment, as well as with institutional joint-venture structures and processes
- Writing clear and concise communications and draft Investment Memoranda for presentation to the firm’s Investment Committee.
What You’ll Do:
- Minimum of 7 years in multifamily real estate acquisitions background with a proven closing track record.
- Bachelor’s and/or Master’s degree in Finance, Real Estate and/or Economics
- 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.
- Ability to travel frequently to target markets.
- Experience transacting in Southeastern and/or Mid-Atlantic US markets preferred
How to Apply
Job Application for Director of Acquisitions – Southeast or Mid-Atlantic Multifamily at RealtyMogul (greenhouse.io)273 total views, 0 today