Managing Director, Investments

MANAGING DIRECTOR, INVESTMENTS - LA

JOB DESCRIPTION

Company Background

Founded in 1993, DivcoWest is a multi-disciplinary real estate investment firm headquartered in San Francisco, with offices in Los Angeles, Menlo Park, Boston, Washington DC, Austin, and New York City. Known for our long-standing relationships and track record of success in innovation markets, DivcoWest combines entrepreneurial spirit with an institutional approach.

DivcoWest aims to create environments that inspire ingenuity, promote growth, and enhance the health, happiness, and well-being of all people. A disciplined code of ethics is at the core of all that we do. We believe that the collective energy of a diverse team is what drives our creative ideas and solutions.

Summary

We are seeking a Managing Director to help lead the local investment team in developing and implementing the acquisition strategy for new commercial assets and providing oversite of the execution of the investment strategy on the portfolio in the Southern CA markets. This role reports to the CIO of DivcoWest.

The right person for the role will possess a blend of strong interpersonal and organizational skills. This entrepreneurial group prizes critical thinking, building relationships, independent motivation, and transparent communication. The position is ideally suited for a highly motivated, detail-oriented individual with a solid investment background in the Los Angeles market, a strong work ethic and a passion for real estate.

This role requires 4-5 days in office at our Beverly Hills, Los Angeles location.

Interested candidates should send their resumes to Recruiting@divcore.com.

Responsibilities

• Source and screen potential investments for varying investment criteria and investment vehicles
• Oversee the team responsible for the underwriting, acquisition, management, leasing and dispositions in the Southern CA metro area.
• Supervise the financing, structuring, negotiating, and closing of a transaction. Manage communications with potential outside capital partners and lenders; ensure compliance with critical partnership and loan documents.
• As needed, assist capital-raising professionals in valuations, investment summaries and presentations.
• Assist with networking and deal sourcing in Los Angeles.
• Provide leadership and guidance to junior team members in Los Angeles.
• Role could expand outside of the Southern California markets.

Qualifications

• BA/BS degree with strong record of academic achievement; graduate degree a plus.
• 10 years or more of commercial real estate investment experience in Los Angeles, preferably with institutional ownership.
• Experience with office, industrial and multifamily property types is a strong preference.
• Existing relationships in the Los Angeles market; ability to source deals through the candidate’s existing relationship base in Los Angeles.
• Exceptional real estate finance skill set including the ability to oversee/collaborate on complex deal modeling in Excel and ARGUS.
• Ability to assemble and lead successful teams both internally and externally.
• Experience working with joint venture partners and various investment structures.
• Strong oral and written communication skills.
• Highly organized, detail oriented, and able to handle multiple projects in team settings.
• Proficient in Excel, Office, PowerPoint, Argus and willing to adopt new technologies as appropriate.
• Highly driven, with a positive, solution-oriented attitude and strong interpersonal skills
• Ability to think like an owner in all decision making.

The person in this position must be able to:

• Remain in a stationary position for 75% of the time working on a computer and attending virtual meetings.
• Occasionally move about the office to access file cabinets, office technology, and attend meetings etc.
• Travel on occasion.

Compensation:

• $250,000-$300,000
• Annual bonus opportunity
• Additional performance compensation opportunity
• Full benefits
• 401k
• Flexible vacation policy
• Weekly lunch stipend

Divco West Services, LLC (“Company”), an equal opportunity employer, is committed to equal opportunity for all employees and applicants. The Company recruits, hires, trains, promotes, pays, and administers all personnel actions without regard to race, color, religion, sex (including pregnancy, childbirth, and medical conditions related to pregnancy, childbirth, or breastfeeding), sex stereotyping (including assumptions about a person’s appearance or behavior, gender roles, gender expression, or gender identity), gender, gender identity, gender expression, national origin, age, mental or physical disability, ancestry, medical condition, marital status, military or veteran status, citizenship status, sexual orientation, genetic information, or any other status protected by applicable law. We interpret these protected statuses broadly to include both the actual status and also any perceptions and assumptions made regarding these statuses. Please review our company Privacy Policy regarding the use of any personal information you provide us at: https://www.divcowest.com/privacy-policy/

This policy applies to all areas of employment, including recruitment, testing, screening, hiring, selection for training, upgrading, transfer, demotion, layoff, discipline, termination, compensation, benefits, and all other privileges, terms, and conditions of employment. This policy and the law prohibit employment discrimination against any employee or applicant on the basis of any legally protected status outlined above.