Bridge Housing Corporation
Director of Acquisitions and Development
Bridge Housing Corporation, San Francisco, California, United States, 94199
Director of Acquisitions and Development
Is this the role you are looking for If so read on for more details, and make sure to apply today. Director of Acquisitions and Development
role at
BRIDGE Housing Corporation
Overview The 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.
Responsibilities
Source, 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 closings.
Source and identify new joint venture partners to create relationships that will provide a consistent pipeline of suitable investment opportunities.
Compilation of due diligence information including financial, market, site, and regulatory data.
Qualifications
Strong academic background with Bachelor’s Degree or equivalent in multi-family real estate acquisitions, business, real estate, architecture, planning, or finance; advanced degree preferred.
7-10 years of experience and a demonstrated track record of success in real estate acquisitions, divestitures, and development.
Real estate development experience with emphasis on affordable and mixed-income housing. Experience in the Los Angeles area is desirable.
Extensive hands-on experience in the underwriting and financing of affordable housing projects, including LIHTC, 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 involvement in reading and negotiating legal documents; experience reviewing and negotiating legal documents.
Strong quantitative, financial analysis and modeling (Excel) skills.
Excellent problem solving and written and verbal communications skills; sound judgment and ability to multitask in a dynamic environment.
Strong project management skills and follow-through.
GP buy-outs in LIHTC structures are desirable.
Working Conditions This will be in office and at property sites with some travel.
Physical Requirements
Sitting, standing, walking, talking, hearing, and repetitive motions
Move, lift, carry, push, pull, and place objects weighing up to 25 pounds without assistance
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Is this the role you are looking for If so read on for more details, and make sure to apply today. Director of Acquisitions and Development
role at
BRIDGE Housing Corporation
Overview The 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.
Responsibilities
Source, 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 closings.
Source and identify new joint venture partners to create relationships that will provide a consistent pipeline of suitable investment opportunities.
Compilation of due diligence information including financial, market, site, and regulatory data.
Qualifications
Strong academic background with Bachelor’s Degree or equivalent in multi-family real estate acquisitions, business, real estate, architecture, planning, or finance; advanced degree preferred.
7-10 years of experience and a demonstrated track record of success in real estate acquisitions, divestitures, and development.
Real estate development experience with emphasis on affordable and mixed-income housing. Experience in the Los Angeles area is desirable.
Extensive hands-on experience in the underwriting and financing of affordable housing projects, including LIHTC, 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 involvement in reading and negotiating legal documents; experience reviewing and negotiating legal documents.
Strong quantitative, financial analysis and modeling (Excel) skills.
Excellent problem solving and written and verbal communications skills; sound judgment and ability to multitask in a dynamic environment.
Strong project management skills and follow-through.
GP buy-outs in LIHTC structures are desirable.
Working Conditions This will be in office and at property sites with some travel.
Physical Requirements
Sitting, standing, walking, talking, hearing, and repetitive motions
Move, lift, carry, push, pull, and place objects weighing up to 25 pounds without assistance
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