Director of Acquisitions

Our Client
Intersection CRE is a vertically integrated west coast-based full-service commercial real estate firm, that has built a sustainable operating platform that specializes in value-add industrial, office, and retail investments. At its foundation, the platform focuses on providing best-in-class service and generating superior risk-adjusted returns to Intersection s investment partners.

The Role

Intersection CRE is currently seeking a Director of Acquisitions to be located in their San Diego, CA office and will report directly to the Managing Director. The hire s primary focus will be taking the lead on closing new industrial acquisitions, overseeing the current acquisition analyst team, ensuring asset management effectiveness, financial analysis, research, financial modeling, budgeting, cash flow forecasting, valuation, loan matters, and disposition analysis/execution. The candidate should understand these markets and this product type and have significant transactional experience. The right candidates are expected to have completed multiple joint venture transactions in this space and have capital/broker relationships in place.

Primary Duties and Responsibilities

• Leads market outreach in identifying new acquisitions opportunities.

• Serves as one of the key points of contact with sales brokers, consultants, attorneys, lenders, and other real estate professionals.

• Collects, analyzes, and reviews information in the acquisition and financing of prospective real estate investments and development opportunities as well as for the refinancing or disposition of assets currently owned.

• Tracks the team s acquisitions pipeline and manages key dates on the asset offering process.

• Manages financial models for all new investment opportunities and existing holdings.

• Takes the lead on managing third-party report processes.

• Reviews and abstracts loan documents and other agreements.

• Collaborates with various internal departments including Asset Management, Development, Investor Relations, Marketing, and Property Management.

• Creates loan and acquisition deal closing summaries for the asset management team.

• Works with the team during the underwriting process to assist in structuring and analyzing transactions to prepare them for investment committee review.

• Conducts market research and analyzes market data including market occupancy, rental rates, demographics, competitor positioning, and economic information.

• Assists with ad-hoc/special projects as needed.

• Recommends processes to improve Company efficiency.

• Responsible for day-to-day communications with their Supervisor and ensuring all analysis and tasks are completed on time.

• Maintains regular and consistent attendance according to the required work schedule decided by the Company.

• Represents the Company in a professional manner at all times.

• Travels to tour properties and markets, and meets with brokers and property managers, as deemed necessary.

• Continually works toward a career growth path of becoming a real estate acquisition professional.

Qualifications

• A desire to constantly focus on improvement, learning, and growth.

• Excellent verbal and written communication skills (English).

• Excellent interpersonal, customer service, and negotiation skills.

• Excellent organizational skills and attention to detail.

• Excellent time management skills with a proven ability to meet deadlines.

• Advanced financial modeling skills and understanding of key commercial real estate principles and financial concepts and metrics (IRR, cap rate, cash yield, DSCR, debt yield, loan sizing, et al).

• Strong analytical and problem-solving skills.

• Team player with excellent leadership skills and ability to develop the skills of subordinates.

• Ability to work independently, prioritize duties, manage time efficiently, and multi-task.

• Ability to function well in a high-paced and at times stressful environment.

• Advanced proficiency with Microsoft Office, particularly Excel, PowerPoint, and Word.

• Experience in any combination of the following: Argus, Real Capital Analytics, Juniper Square, Hubspot, and Costar.

Education and Experience

• Bachelor s degree in Finance, Accounting, Real Estate, or related field of study.

• An advanced degree or certification/designation in the same is a plus.

• 10+ years prior experience in commercial real estate transactions with an emphasis on industrial real estate.

• Real estate license preferred.

Benefits and Compensation

• Medical Insurance

• Dental Insurance

• Vision Insurance

• 401(k) Retirement Savings Plan

• Paid Time Off: Vacation, Sick Leave, Holidays, & Bereavement

• Perks and Rewards Program

• Salary and compensation to commensurate with experience

• Participation in deal level and fund level carried interests (promote)

Please do not contact Intersection CRE directly, all considered applicants must apply through SelectLeaders.