DIRECTOR OF ACQUISITIONS, AFFORDABLE HOUSING www.livehavenhousing.com
POSITIONThe Director of Acquisitions will be responsible for strategy, originating, underwriting, and closing Affordable Housing transactions in multiple markets with an initial focus on age restricted opportunities. The successful candidate will have extensive acquisition experience and a deep understanding of the regulatory agreements encumbering affordable housing properties and the nuances that create a compelling acquisition. The Company anticipates a focus on existing properties or portfolios in lieu of ground-up developments.
LOCATIONAustin, TX
RESPONSIBILITIES- Focused on affordable housing, the candidate will be a key member of the Company's acquisition team working in partnership with other acquisition professionals in a collaborative, team-oriented environment.
In addition: - Participate in establishing a 5-year operating plan to scale the opportunity.
- Assist in building out the necessary infrastructure to support the strategy.
- Oversee the acquisition process, including sourcing, managing due diligence, reviewing third party reports, and working with legal and finance teams to facilitate closings.
- Prepare market analysis, underwriting and deal summaries for opportunities being recommended.
- Develop relationships within the brokerage, developer, and lender communities in target markets to facilitate opportunities.
- Attending selected conferences.
QUALIFICATIONS - 5-10 years of real estate acquisition and underwriting experience.
- Knowledge of the federal affordable housing programs (LIHTC & HAP) along with other legacy programs.
- Understanding of the various tax and financing alternative programs.
- Established relationships with regional third-party management companies.
- Established relationships within the investment sale broker community.
- College degree in real estate, business, finance, or accounting.
- Advanced degree a plus.
- Knowledge of market rate multi-family acquisitions a plus.
- Strong quantitative and analytical abilities; ability to quickly assess deal viability.
- Outstanding analytical, verbal, and written communication skills.
- Ability to communicate and develop effective working relationships with others in a team oriented, collaborative and deadline driven environment.
- Team player who loves to brainstorm, problem solve and who can think independently.
- Travel required
COMPENSATIONWe offer a generous and comprehensive compensation & benefits package, along with the opportunity for professional growth and development within a well-capitalized, entrepreneurial, and growing real estate investment group.
