The Transactions team at Curbline Properties is looking for an Acquisition Director in the Seattle market to source, negotiate, and close convenience retail acquisition opportunities (averaging $10mm-$15mm per investment). The Acquisitions Director will lead deal efforts and partner with leadership to assess, recommend and facilitate the acquisition of retail real estate. This position plays a critical role in growing the Curbline portfolio by identifying convenience retail assets to acquire. To thrive in this role, we need an experienced dealmaker who is well connected in the retail real estate industry with prior retail real estate financial modeling experience.
This position will work remotely in Seattle, WA. The position requires availability for occasional travel to tour assets, attend ICSC Conferences, and visit offices in Beachwood, OH and New York City, NY.
The expected salary range for this position is between $155,000 - $190,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.
To be successful in this role, you will need to:- Source, negotiate, and close acquisition opportunities sub-$20mm independently
- Reviews financial projections and pricing analyses (utilizing financial metrics such as internal rate of return, return on investment, loan amortization schedules, earnings accretion, etc.) related to the investment using technical software such as Excel and Argus
- Creatively sources off-market acquisitions through relationships with brokers and landlords
- Participate in drafting and review of transaction documents (LOIs, PSAs, etc)
- Contribute daily to the current and future implementation of corporate strategy as it relates to the transactions team. Take initiative in deal origination and deal sourcing by establishing industry relationships. Works actively to identify and recommend new assets
- Participate in the negotiation of business terms of acquisitions
- Lead the transaction process by coordinating with other departments, brokers, and internal/external legal counsel to consummate the investment process
We are looking for a Director with:- Exceptional attention to detail and well-developed analytical and problem-solving abilities
- Prior analytical and dealmaking experience in the retail real estate industry
- "Deal Junkie" - Passion for retail real estate transactions and the dealmaking process
- Strong communication, negotiation and presentation skills with a high degree of initiative and independent judgement
- Strong educational background in finance, accounting or real estate
- Real estate and business financial acumen to understand how work relates to the Company's overall goals and strategies
