What are the responsibilities and job description for the Senior Vice President Blog Post position at Allocator Jobs?
Griffin Capital Company is a multifamily-focused real estate investment firm that invests through a series of discretionary investment vehicles. The Company has approximately $4 billion of assets under management and over 12,000 units in its portfolio. We manage a diverse portfolio of institutional-quality assets across the United States. Our goal is to create reliable, thematic investment solutions to meet the needs of our investors and the communities in which we invest. Since 1995, Griffin Capital has owned, managed, sponsored and / or co-sponsored approximately $23 billion in assets across a wide range of real estate sectors and investment structures.
The full job description covers all associated skills, previous experience, and any qualifications that applicants are expected to have.
Position Summary
The SVP of Acquisitions will be a key member of the team, working closely with the Executive Management team and reporting directly to the Chief Investment Officer. The position will lead multifamily acquisition activity for the western half of the United States. This includes the acquisition of existing assets and working with development partners to underwrite and acquire development sites. A key to success is meaningful relationships with developers and investment sale brokers as well as the ability to effectively underwrite potential multifamily investments. Responsible for all functions in the acquisition process including sourcing / identifying potential investments, financial underwriting and modeling, market analysis, due diligence, lead purchase and sale negotiations with existing asset sellers, lead joint venture agreement negotiations with developers, and prepare materials and present investments to CIO and Investment Committee.
Duties and Responsibilities
- Source and evaluate prospective acquisition opportunities in accordance with the firm’s investment criteria in target markets and make recommendations to proceed with an investment to the CIO.
- Prepare underwriting on prospective acquisitions, which includes creating financial models and business plans.
- Prepare and present Investment Committee materials, including discussion memorandums, investor presentations, due diligence memorandums, and offering memorandums.
- Oversee acquisition process, including managing due diligence, performing site visits and market tours, ordering and reviewing third-party reports, and facilitating closing.
- Work with legal counsel to negotiate purchase and sale agreements, partnership agreements, and related documentation. Coordinate with legal counsel to prepare offering materials.
- Work with the Real Estate Team to source acquisition loans, participate in negotiation of term sheets and loan docs with the CFO and other finance individuals, and assist with the ongoing compliance of the various terms and covenants.
- Prepare investor materials including, but not limited to, investment summaries, private placement memorandum, webinars, and investor education materials.
- Assist CIO and the Sales team with pitching investment opportunities to our distribution partners and their investors.
- Interact with distribution partners, investors and advisors on an as-needed basis regarding market, property, and investment updates.
- Assist in the disposition of the assets and close-out of the investment vehicles.
- Develop relationships with brokers, principals, and developers.
- Identify and source strategic partners and vendors for all strategies.
Qualifications and Skills Requirements
Knowledge and Skills :
Benefits and Salary
Griffin Capital’s salary ranges are determined by role, duration of direct experience, and internal and external pay equity considerations.
At Griffin Capital, we strive to offer a comprehensive and competitive benefits package to our employees. To support the physical, financial, and emotional well-being of employees, we offer :
Availability of benefits may be subject to location & employment type and may have certain eligibility requirements. Griffin reserves the right to alter these benefits in whole or in part at any time without advance notice.
In addition to the above-listed benefits, the firm also offers hybrid work options specific to roles, an employee-led professional development program, and community involvement through its Griffin Care and Community Committee.
Equal Employment Opportunity at Griffin
We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age (40 and over), ancestry, color, religious creed (including religious dress and grooming practices), family and medical care leave or the denial of family and medical care leave, mental or physical disability (including HIV and AIDS), marital status, domestic partner status, medical condition (including cancer and genetic characteristics), genetic information, military and veteran status, political affiliation, national origin (including language use restrictions), citizenship, race, sex (including pregnancy, childbirth, breastfeeding and medical conditions related to pregnancy, childbirth or breastfeeding), gender, gender identity, and gender expression, sexual orientation, or any other basis protected by applicable federal, state or local law, rule, ordinance or regulation.
We will consider qualified applicants with criminal histories in a manner consistent with the requirements of the Los Angeles Fair Chance Ordinance and the California Fair Chance Act and consistent with other similar and / or applicable laws in other areas.
We also afford equal employment opportunities to qualified individuals with a disability. For this reason, Griffin Capital will make reasonable accommodations for the known physical or mental limitations of an otherwise qualified individual with a disability who is an applicant consistent with its legal obligations and in accordance with applicable local, state and / or federal law. Any applicant who requires an accommodation in order to perform the essential functions of the job should contact a Human Resources Representative to request the opportunity to participate in a timely interactive process.
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Salary : $240,000 - $340,000
