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Senior Vice President of Real Estate

Salary
$250,000+
Employment
Full Time
Real Estate Field
Location
SAN DIEGO
 CA
Postal Code
92101
Country
United States

This job is no longer active.

Description


The Role of the Senior Vice President of Real Estate is to head the entire division including its acquisitions and asset management team that are focused on Multifamily Value Add Investment Opportunities. You will have ultimate oversight over sourcing 200 to 500 unit apartment value add deals to hit our 5,000 unit goal in 2020.  You will also be a member of the Investment Committee. 

 

You will be responsible for managing the Real Estate Division and its current team and building out the team and systems as the company scales its multifamily real estate acquisitions. We are a 3.5-year-old start-up, therefore that means we are building divisional processes, internal company-wide operations, and hiring new team members in order to scale. The role will be required to have experience in keeping the pace and cross-departmental communication necessary to scale the division.

 

This person will be overseeing acquisitions, underwriting, finance, asset management, construction management, project accounting and legal.

 

Responsibilities:

  • Supervising our VP of Acquisitions and reviewing their deal pipelines and underwriting on multifamily value add transactions 

  • Build out acquisition and asset management teams, systems and processes to achieve 5,000 unit per year acquisition goal and related asset management

  • Responsible for fiscal oversight on the multifamily portfolio and each asset including income maximization and expense control

  • Act as member of the Investment Committee

  • Negotiate equity JV structures with institutional LP's

  • Supervise third party asset managers

  • Supervise creation of equity investor pitch decks

  • Supervise construction management for our multifamily value add renovations

  • Supervise closing of acquisition loans

  • Supervise our in-house accounting admin on real estate accounting for each asset and investor cap table

  • Supervise outside legal counsel and make comments on PPM's, Operating Agreements, Loan Documents; must be familiar with these documents and know how to make business comments

  • Consistent and  successful communication with existing and potential clients

  • Explore new initiatives and ideas to expand buying opportunities

  • Manage and negotiating vendor contracts for the Company

  • Oversee preparation of budgets and monthly financial analysis, and operation of investment properties

  • Oversee project level accounting and reporting

  • Monitor the existing asset portfolio

  • Update and improve systems to help the company scale quickly


Qualifications:

  • **NO REAL ESTATE BROKERS**

  • MINIMUM of 7-10 years of relevant experience leading and building a real estate acquisitions team with a preference to experience as a director level or higher and completing multiple commercial real estate deals to full cycle (acquisition, renovation, disposition) with a preference for multifamily experience

  • Bachelor’s degree

  • Excellent management & organizational skills

  • Strong analytical and acquisitions underwriting experience

  • Excellent oral, written, and interpersonal skill

  • Strong work ethic and attention to detail

  • Communication proficiency

  • CRM, technology skills

  • Track record of driving results and building teams

 

To Apply:

Please respond with Resume and Past Transactions Sheet (listing Multifamily Value Add transactions in particular)

 

Compensation:

Salary 175k

Minimum Guaranteed $250k First Year Annual Income (Base Salary + Performance Bonuses)

Earning Potential $250 – $400k+ Annually and/or Profit-Sharing Package

Fintech Company Profit Sharing Packages Included

 

Benefits:

Qualifying Profit Sharing Plan 

Health, Dental & Vision Benefits (w/ Company Contribution)

14 Days Paid Time Off (PTO)

Paid parking, gym membership, great downtown office location w/ concierge and shuttle

 
 

Experience


7+ to 10 years


This job is no longer active.

Corporate Real Estate Retail SAN DIEGO Full Time CA Acquisitions, Asset Management, Underwriting Senior Vice President of Real Estate other