Director of Acquisitions and DevelopmentJoin to apply for the Director of Acquisitions and Development role at BRIDGE Housing CorporationDirector of Acquisitions and Development16 hours ago Be among the first 25 applicantsJoin to apply for the Director of Acquisitions and Development role at BRIDGE Housing CorporationGet AI-powered advice on this job and more exclusive features.BRIDGE Housing Corporation provided pay rangeThis range is provided by BRIDGE Housing Corporation. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.Base pay range$162,000.00/yr - $191,000.00/yrJob PurposeThe Director of Acquisitions and Development will be responsible for evaluating and assessing potential real estate acquisitions, divestitures and development of multi-family affordable/workforce housing. The incumbent should be able to evaluate and assess potential acquisitions including market research, underwriting, structuring, closing and transaction management. The preferred candidate is someone who has a strong local network within BRIDGE’s markets, the major metros across the West Coast.The position is ideally suited for a highly motivated, detail-oriented individual with an experienced background in both market-rate and affordable multifamily housing. This individual should have the desire to be a part of a rapidly growing non-profit organization with upward mobility, and work within a team of other highly motivated individuals.ResponsibilitiesDuties and ResponsibilitiesSourcing of Real Estate AcquisitionsSource, evaluate, and assess potential real estate acquisitions throughout BRIDGE’s footprint in CA, OR and WA with a focus on the Los Angeles region.Lead the underwriting and due diligence for each transaction including financial modeling, market surveys, broker interviews, interaction with property management personnel, and local government officials.Effectively and efficiently manage real estate and finance transactions including site and property acquisitions, rehabilitation and financial closingsSource and identify new joint venture partners to create relationships that will provide a consistent pipeline of suitable investment opportunitiesCompilation of due diligence information including financial, market, site, and regulatory dataQualityEnsure the highest quality product in every respect in conformance with BRIDGE’s commitment to the physical, financial, operational health and quality of homes for its residents.Financial/Legal/AdministrativeProvide recommendations and analysis that will inform the organization’s investment decisionsUnderwrite acquisition opportunities including financial modeling, analysis of market data/comparable sales, preparation of market summaries and negotiations of LOIs and purchase and sale agreementsEvaluate existing complex partnership agreements and cash flow waterfalls; identify and coordinate with capital markets group for all debt, equity and soft sources of finance to ensure feasibilityValidation and defense of budgets, assumptions, and pro-forma analysisManage project costs throughout the budgeting process for rehabilitation and/or development projects.Document loan and partnership terms and obligationsCompletion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal.Work with legal counsel in the preparation and negotiation of purchase and sale agreements, partnership agreements and related legal documentation necessary to complete transactionsManage the preparation and presentation of Internal Committee presentations for all acquisitionsCollaborationCollaborate with other members of the Business Development Team, and internal functions including; Property Management, Asset Management, Capital Markets Group, Legal and Corporate Finance.Collaborate with outside consultants, brokers, contractors and other allied professionals.RequirementsStrong academic background with Bachelor’ Degree or equivalent degree in multi-family home real estate acquisitions, business, real estate, architecture, planning, or finance; advanced degree preferred7-10 years of experience and a demonstrated track record of success in real estate acquisitions, divestitures, and developmentReal estate development experience with emphasis on affordable and mixed-income housing. Experience in Los Angeles area is desirable.Extensive hands-on experience in the underwriting and financing of affordable housing projects, including the use of typical financing sources such as low-income housing tax credits, tax exempt bonds, HOME, CDBG, HUD Section 202, etc.Experience with acquisition of HUD at-risk properties, HOPE VI and/or homeownership developments.High level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactions.Past personal involvement in reading and negotiating legal documents.Excellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely information.Experience reviewing and negotiating legal documents.Strong quantitative, financial analysis and modeling (excel) skills.Strong sense of urgency and detail with results-driven orientation.Strong project management skills and follow-through. Exceptional research, writing abilities written and verbal communications skills.Ability to multi-task and prioritize appropriately in a constantly changing environment and act with a sense of urgency, accountability exceptional attention to detail and sound judgment.Experience in GP buy-outs in LIHTC structures is desirable.Working ConditionsThis will be in office and at property sites with some travel required.Physical RequirementsSitting, standing, walking, talking, hearing, and repetitive motionsMove, lift, carry, push, pull, and place objects weighing less than or equal to 25 pounds without assistanceSeniority levelSeniority levelDirectorEmployment typeEmployment typeFull-timeJob functionJob functionBusiness Development and SalesReferrals increase your chances of interviewing at BRIDGE Housing Corporation by 2xGet notified about new Director Acquisition jobs in San Francisco, CA.Director, Business Development & AcquisitionsSan Francisco, CA $160,000.00-$180,000.00 1 month agoSan Francisco, CA $230,000.00-$265,000.00 6 days agoDirector, PE Business Partner - Corporate FunctionsDirector of Site Acquisition – Hyperscale InfrastructureSan Francisco, CA $200,000.00-$400,000.00 2 days agoSenior Director - Digital Acquisition and Revenue Marketing (Growth)San Mateo, CA $228,200.00-$327,980.00 1 week agoVice President, Mergers & Acquisitions and Partnership DevelopmentSan Francisco, CA $208,000.00-$245,000.00 2 weeks agoSenior Director - Digital Acquisition and Revenue Marketing (Growth)Director - Branded Member Experience (Banana Republic)San Francisco, CA $168,300.00-$223,000.00 4 weeks agoDirector, Business Development & AcquisitionsDirector, Revenue Operations (New Business Acquisition)Oakland, CA $165,000.00-$195,000.00 9 months agoDirector - Branded Member Experience (Banana Republic)San Francisco, CA $168,300.00-$223,000.00 1 month agoDirector, Technology & Innovation BankingSan Francisco, CA $122,400.00-$228,000.00 2 days agoDirector of Data Acquisition and StrategySan Francisco, CA $170,000.00-$275,000.00 2 weeks agoDirector of Legal Affairs – Real Estate & Infrastructure (AI Data Center Expansion)San Francisco, CA $300,000.00-$500,000.00 2 days agoSan Francisco, CA $225,000.00-$250,000.00 2 days agoDirector, Workforce Transformation HCA (L&D)Director, Workforce Transformation HCA (L&D)Business Relationship Manager Senior Acquisition - Vice PresidentMarin County, CA $250,000.00-$300,000.00 5 days agoSan Francisco, CA $225,000.00-$250,000.00 2 days agoHUMAN RESOURCES AND DIVERSITY COORDINATORWe’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI. #J-18808-Ljbffr