DallasRecruiter Since 2001
the smart solution for Dallas jobs

Assistant Vice President, Acquisitions

Company: Equity Residential
Location: Dallas
Posted on: January 16, 2022

Job Description:

As an Assistant Vice President of Acquisitions, you will be responsible for providing leadership and oversight of multiple acquisition projects within Dallas and Austin, Texas. On a daily basis, you will direct, manage, and coordinate the activities related to the acquisition of multi-family properties within your region. You will source, underwrite, and assist the VP Acquisitions with contract negotiation, due diligence and closing. The AVP - Acquisitions will also be responsible for developing relationships with principals, managing broker relationships and understanding market conditions. The position also works closely with the Development group to source joint venture development opportunities.
WHO YOU ARE

  • A Leader. You build effective teams and provide direction to help those teams achieve goals and operate cooperatively and cohesively.
  • A Strong Communicator. Your writing and speaking skills are clear, articulate, and effective, demonstrating your ability to interact with all levels and helping you connect well with others.
  • Organized, Efficient, and Accountable. You have a keen eye for detail and pride yourself on delivering quality work. You multitask well, re-prioritize accordingly, and meet deadlines consistently. Above all, you are flexible and able to juggle the needs of changing priorities of the business.
  • Analytical and Creative. You are comfortable analyzing and deciphering data, and evaluating trends. Youve got strong quantitative skills and you know how to apply them accordingly. You also like thinking outside the box to come up with smart solutions to new challenges, and embrace the day-to-day construction management activities that challenge you to live in the gray.
  • A Solution-Oriented Team Player. You enjoy partnering with others whether internal or external in order to get work done and deliver great results. You are united with teammates and follow through on commitments.
  • Decisive. You have a sense of urgency to drive great results, are precise with executing your work, and have successfully demonstrated your ability to effectively influence others.
    WHAT YOULL DO
    • Evaluate, manage, and oversee the acquisition of multiple properties, from souring to closing.
    • Effectively partner with internal investment officers to target locations and assets that meet the companys investment strategy.
    • Build and maintain relationships with brokers and key real estate principles and proactively generate leads on potential assets. Tour potential acquisition properties to help evaluate strengths and concerns of asset and suitability for pursuit.
    • Initiate and maintain effective communication and documentation with the Investment Analyst in the preparation of property valuations and underwritings; stay current on market conditions and transaction activity.
    • Assist with all aspects of due diligence by preparing initial drafts of deal memorandums for submission of acquisition opportunities to the Investment Committee for approval. During due diligence, work with the investment and property management teams to prepare detailed operating budgets, including leasing plans, facilities and maintenance requirements, environmental/resiliency requirements, capital budgets, projected real estate taxes, and insurance requirements.
    • Assist in the negotiation of LOIs and Purchase and Sale agreements for fee simple transactions, and other potential structures including, leasehold interests, loan assumptions, pre-sales, earn outs, tax deferral (OP units) and other structures as opportunities dictate.
    • Work with the retail team to establish leasing plans and valuations for any commercial space.
    • Work with the Capital Markets group on any loan assumptions and incorporate mark to market valuations into pricing of assets.
    • Collaborate with the development team on sourcing, and underwriting joint venture opportunities and identifying and securing land sites for direct development.
      REQUIREMENTS
      • Bachelors degree required; Advanced degree in a related field (Finance/Real Estate) preferred.
      • 5+ years of experience in real estate, investment banking or another related industry.
      • Minimum of two years of experience in identifying and underwriting transactions in a residential or commercial real estate environment required.
      • Excellent organizational and communication skills are required.
      • Must have excellent analytical skills, be detail oriented, have good business sense, and be able to work on numerous projects concurrently and prioritize workload independently.
      • Decisive nature with a sense of urgency is critical.
      • Availability and willingness for approximately 25% overnight travel to existing EQR markets and/or potential new markets is required (Primary travel within Texas).
      • Proficient in the use of Google, Microsoft Excel, Word, Project, and other programs as necessary.
      • Excellent communication and collaboration skills and knowledge of work processes, spreadsheets, as well as strong presentation skills.
      • Please click here to learn more about Equity Residentials Covid-19 Vaccination Requirements (Haga clic aqui para obtener mas informacion sobre los requisitos de vacunacion Covid-19 de Equity Residential).
        REWARDSWe recognize everyone has different needs outside of work. Thats why, in addition to a competitive benefits package (medical, dental, vision and paid time off), we offer many unique options to employees, like adoption benefits and paid time off for community service projects. To learn more, view our Total Wellbeing page here.by Jobble

Keywords: Equity Residential, Dallas , Assistant Vice President, Acquisitions, Accounting, Auditing , Dallas, Texas

Click here to apply!

Didn't find what you're looking for? Search again!

I'm looking for
in category
within


Log In or Create An Account

Get the latest Texas jobs by following @recnetTX on Twitter!

Dallas RSS job feeds