Continental Properties is looking for a
Director of Multifamily Acquisitions to join our team specifically in Milwaukee, Chicago, or Madison.
As the Director of Multifamily Acquisitions, you are responsible for the identification of, and securing approval for a developer of market rate, attainable, and build to rent communities. You will lead a multi-disciplined project team through our project lifecycle from site identification, due diligence, entitlement, permitting and construction. You will report to the Vice President of Acquisitions Leader.
Essential Responsibilities:- Evaluate regional and local market fundamentals to identify target submarkets
- Create clear market strategies for each target marker; develop an understanding of each market and become a local expert
- Evaluate sites based on Continental's site selection criteria and complete financial analysis to determine viability and profitability of potential sites
- Develop and maintain relationships with landowners including negotiating all business points for the site acquisition
- Complete risk/reward analysis; identification of critical path
- Understand the pro-forma including total project costs, revenue projections, cash flows and how each variable effects return
- Present projects to Investment Committee and external partners such as lenders, investors and municipal staff/politicians
- Meet the annual pipeline and groundbreaking goals
Skills for Success:- Bachelors Degree in Real Estate, Finance, or Business required
- Minimum 7 years of relevant experience, including leading and mentoring teams
- Experience completing a deal from start to finish; existing skills in all transactional areas of development
- Proven track record of success in real estate industry, demonstrated knowledge of what it takes to make a project site successful
- Builds relationships to support team collaboration, understands how to navigate through and anticipate challenges, easily adapts to find thoughtful solutions
We are committed to fair and equitable compensation practices. The posted salary range represents our good faith estimate of the base salary for this role at the time of posting. Final compensation is based on a variety of factors, including a candidate's experience, skills, qualifications, and internal equity. This range does not include bonus potential or other forms of compensation and benefits.
Compensation Range - $150,000 to $175,000 with lucrative deal and annual incentives
