Director Acquisition

As the Director of Acquisitions, you will be responsible for sourcing, underwriting, and executing new development and acquisition opportunities across our target asset classes. This role requires a deep understanding of real estate development, strong financial modeling skills, and the ability to manage complex transactions. The ideal candidate will have a proven track record of success in identifying and securing profitable development projects.

Expectations for the Director of Acquisitions role include:

·        Deal Flow: Generate a consistent flow of qualified opportunities within the data center sector that meets the company's investment criteria.

·        Closing Ratio: Maintain a high closing ratio on pursued deals, demonstrating effective negotiation and deal execution skills.

·        Financial Performance: Source acquisitions that meet or exceed the company's financial performance targets (e.g., IRR, equity multiple).

·        Market Expertise: Become a recognized expert within the data center sector who can provide valuable insights.

·        Teamwork: Collaborate effectively with internal and external stakeholders to ensure seamless transaction execution.

·        Communication: Communicate effectively with senior management, providing clear and concise updates on deal progress and market conditions.

Responsibilities Include:

·        Sourcing:

o   Develop and maintain a robust proprietary pipeline of development acquisition opportunities.

o   Develop and recommend go-to-market strategies for creating new pipeline opportunities.

o   Cultivate relationships with brokers, developers, landowners, and other industry professionals.

o   Attend industry events and conferences to network and stay abreast of market trends.

·        Execution:

o   Conduct thorough due diligence on potential acquisitions, including site analysis, market feasibility studies, financial modeling, risk assessment and developing a business plan.

o   Review financial performance, including cash flow projections and expected returns, generated by underwriting team.

o   Partner with Capital Markets lead to prepare investment memorandums and present investment recommendations to senior management.

o   Prepare and negotiate LOIs.

o   Support closing by providing input to final investment memos, providing market context, and coordinating with sellers and brokers.

·        Market Knowledge:

o   Maintain a deep understanding of the data center markets.

o   Track market trends, supply and demand dynamics, and competitive landscape.

o   Identify emerging opportunities and risks.

o   Act as a market expert to support on-going management of assets and evaluate exit opportunities.

·        Leadership:

o   Manage 1-2 junior team members by providing day-to-day guidance and training.

o   Foster a collaborative environment.

o   Contribute to the overall strategy and growth of the acquisitions department.

Qualifications:

·        Bachelor's degree in real estate, finance, or a related field.

·        Minimum of 7-10 years of experience in real estate acquisitions and development, with a focus on data centers, industrial properties, and/or land development.

·        Strong understanding of real estate finance, development, and construction.

·        Proven track record of sourcing, underwriting, and closing successful development acquisitions.

·        Excellent analytical skills.

·        Strong negotiation and communication skills.

·        Ability to work independently and as part of a team.

·        Existing network of industry contacts preferred.