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22 Nov 2021

Full-Time General Manager, Multifamily Acquisitions

RealtyMogulHR – Posted by RealtyMogulHR Anywhere

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 since 2012 and have backed more than 90 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 $700 million in capital invested into over $3.5 billion of real estate nationwide. We were 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”).

About your role:

RealtyMogul is seeking a General Manager to manage and grow the RM Communities multifamily business.  This role includes hiring, managing, and mentoring a team of seasoned acquisitions, underwriting and asset management professionals and expanding RM Communities’ network of capital partners.  The ideal candidate will have deep experience in management, real estate acquisitions and relationships with family offices and other capital sources looking to diversify into real estate.

The candidate will have at least fifteen years of experience and a proven track record of success in managing and growing real estate platforms that directly acquire assets.

Must be qualified to work in the U.S.

While we are located in Los Angeles CA, this position is remote.

What you’ll do:

  • Develop and execute the strategic roadmap to grow RM Communities’ competitive market position and scale the business
  • Full P&L responsibility for the RM Communities direct acquisition business
  • Hire, manage and mentor the team, including acquisitions, underwriting, asset management and portfolio management professionals
  • Review deal-level underwriting and sit on the Investment Committee to approve transactions
  • Foster, establish, and maintain strong relationships with capital partners including family offices, HNW individuals and funds to raise capital for RM Communities deals
  • Manage information sharing with capital partners to include underwriting, business plans and results of due diligence
  • Provide feedback to acquisitions teams to source investments in alignment with capital partner investment theses and RM Communities strategy
  • Work with asset management to ensure performance of assets is within budget
  • Work with asset management to ensure reporting to capital partners exceeds their expectations on an ongoing basis post close
  • Work with attorneys to negotiate legal agreements including term sheets, PSAs and operating agreements

Who you are:

  • Minimum of 15 years in multifamily real estate 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
  • Self-starter and highly motivated with the ability to multi-task and manage multiple relationships at once
  • Deep capital relationships with a strong emphasis on family offices
  • Love of management and mentoring to grow a cohesive team

How to Apply

Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: commercial real estate. Salaries: 100,000 and above.

Job expires in 31 days.

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