What are the responsibilities and job description for the Vice President of Acquisitions position at Schafer Richardson?
SUMMARY :
Schafer Richardson, LLC is a diversified commercial real estate company providing investment, development, management, leasing, and construction services across the Upper Midwest.
This individual will join the Acquisitions team for SR Realty Trust, Inc., a diversified private real estate investment trust managed by Schafer Richardson and will have responsibility for sourcing, analyzing, due diligence, and closing acquisitions on behalf of SR Realty Trust, Inc.
DUTIES AND RESPONSIBILITIES : The job description below outlines the primary responsibilities and is not intended to be all encompassing. Other duties may be assigned by management as needed.
Primary responsibility is to growth the assets and capital under management for SR Realty Trust, by :
- Sourcing listed and off-market commercial real estate acquisition opportunities for SR Realty Trust.
- Analyzing potential commercial real estate investments, including acquisitions and joint-ventures.
- Facilitating 1031, 721, UPTIC, and TIC sale transactions for current and future partners.
- Assisting in new equity capital raises for SR Realty Trust.
- Securing acquisition financing.
- Supervise one or more acquisitions associates and / or analysts.
- Coordinating with legal team to ensure accurate and timely execution of acquisitions.
- Reviewing all transaction and loan documents to ensure conformance with acquisition plans.
- Growing and maintaining the Company’s relationships with brokers in core markets.
- Overseeing the due diligence process.
- Preparing investment memos and presenting them to investment committee.
- Preparing and executing presentations for business promotion.
- Coordinating with asset management on the take-over of new acquisitions.
- Collecting and analyzing market data on REIT’s core and secondary markets.
- Assisting in the preparation of SR Realty Trust investment strategy and business plan.
- Assisting in the preparation of exhibits for the quarterly Board of Trustees meetings, quarterly newsletters, and annual report.
- Periodic investor communication.
Education / Experience :
Knowledge, Skills and Other Abilities :
Physical Demands :
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee in this position must frequently communicate with employees and must be able to exchange accurate information in these situations. While performing the duties of this job, the employee must be able to remain in a stationary position 50 percent of the time.The employee constantly operates a computer and other office productivity machinery (i.e., a computer, copy machine, and computer printer. In addition will occasionally lift and / or move up to 15 pounds and occasionally moves about inside the office to access computer equipment in different office locations. A valid driver’s license and automobile are required.
TRAVEL : Approximately 5-10% dependent upon level of experience in this position.