What are the responsibilities and job description for the VP of Acquisitions - Kansas City/Nashville position at 29th Street?
Headquartered in Chicago, 29th Street is a privately held investment management firm focused on multifamily real estate and Proptech. We acquire, develop, renovate and manage multifamily communities nationwide, deploying our technology to enhance the resident experience and optimize property performance. Backed by more than 15 years of delivering above market returns across over $5.1 Billion in assets, our culture is driven by our Mission, Vision and Values.
This position must reside in one of the covered markets: Kansas City, MO (preferably) or Nashville, TN.
SUMMARY OF POSITION:
The VP of Acquisitions is responsible for managing the research, analysis and negotiating activities required to assess opportunities for acquiring additional property assets or land. This position investigates potential property acquisitions and/or dispositions by means of inspection and assessment. This position is highly entrepreneurial with the expectation of fulfilling several roles. The ideal candidate is an individual who is self-motivated, works well in teams and succeeds in a fast-paced, high-growth environment.
ESSENTIAL JOB FUNCTIONS:
- Identify and evaluate new acquisition, disposition and/or refinance opportunities.
- Establish and maintain the relationship with local brokers, owners, sellers, etc.
- Oversee preparation of acquisition financial models, market research and various other analytics and underwriting.
- Evaluate local market drivers to include supply, demand, demographics, rental and absorption trends, cap rates and comparable sales data.
- Draft and submit Letters of Intent.
- Perform transaction due diligence functions.
- Develop and implement business plans including capital improvements.
- Oversee the preparation of formal Investment Committee Memorandum and Summary of Findings and Mitigants of Due Diligence.
REQUIRED SKILLS / ABILITIES
The individual must possess the following knowledge, skills and abilities and be able to explain and demonstrate that they are able to perform the essential functions of the job, with or without reasonable accommodation, using some other combination of knowledge, skills, and abilities:
- Deeply seasoned real estate acquisitions/investment underwriting experience.
- Ability to work independently and collaboratively in nature.
- Excellent communication skills both verbal and written.
- Highly skilled in data interpretation.
- Ability to bring clarity to complex subjects.
- Strong Microsoft Excel and Word skills.
- Ability to quickly solve problems and develop solutions.
- Strong interpersonal skills.
- Working knowledge of data analysis and performance metrics.
- Excellent organization and leadership skills.
- Strong experience in project management and budgeting.
- Proven track record in strategy-building and implementation.
- Exceptional team building and managerial skills.
EDUCATION AND EXPERIENCE
- Bachelors degree in Business Management, Accounting, Finance or related field preferred.
- At least four years experience within the property management industry.
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