Acquisitions Manager, (Arlington, VA)

About TruAmerica

Founded in July 2013, TruAmerica Multifamily is a partnership between industry veteran Robert E. Hart and The Guardian Life Insurance Company of America. The company is based on the premise that tremendous upside potential remains in mid-tier apartment communities that can be unlocked through tailored renovation, repositioning strategies, and focused management. TruAmerica Multifamily is a privately held, fully integrated, real estate investment firm that invests in apartment communities located in primary and secondary markets throughout the country. We continue to grow by selectively acquiring, redeveloping and effectively managing multifamily properties. TruAmerica has grown to become a Top 25 apartment owner in the United States, according to the National Multifamily Housing Council (NMHC) and is the youngest manager in the NMHC Top 50.  Today TruAmerica has over 60,000 units in 25 high growth markets and approximately $16 billion of assets under management.

Objective

The role of the Acquisitions Manager is to effectively manage the acquisitions process, identifying and evaluating potential acquisition targets, negotiating terms and executing transactions, in order to support the company's strategic growth objectives and maximize long-term value for shareholders.

Tasks and Responsibilities

Manage Investment Process:

• Responsible for managing and overseeing all analyst and intern level functions of the investment process. This includes reviewing underwriting, reviewing investment memos, and running the due diligence/closing process.

Co-Sourcing:

• Assist the Acquisitions Officer in sourcing marketed and off-market multifamily investment opportunities in target markets.
• The scope of responsibilities of co-sourcing involves creating and maintaining relationships with principals and investment sales brokers, tracking pipeline of potential investment opportunities, and screening deals based on TruAmerica's investment criteria. 

Capital Raising:

• Assist the Acquisitions Officer in sourcing joint-venture limited partner equity.
• Partners directly with lenders (agency, bank, life co, debt fund) to source, evaluate, and close the optimal form of debt capital for each investment opportunity. 
• The scope of responsibilities includes scheduling and participating on calls to pitch opportunities to investors, responding to investor questions, tracking investor interest, and reviewing joint venture term sheets. 

Mentoring/Training:

• Manages and trains analysts/interns and direct reports on primary expectations.

Abilities/Qualifications

• Bachelor's degree or higher with a major in real estate business, finance, economics or related field.
• The ideal candidate will have prior business experience at a real estate investment firm, commercial mortgage banking firm, financial institution, or accounting firm. Candidates with strong backgrounds in other areas will also be considered.
• Excel, PowerPoint, and Word experience a must along with strong quantitative and analytical skills.
• Familiarity with financial models that include complex financial and waterfall analysis.
• Attention to detail and a desire to product the highest quality work product.
• Superior organizational skills and the ability to manage multiple complex and diversified work-streams in a fast-paced environment.
• A flexible team player who takes initiative and is dedicated, hard-working, and has an ability to work in a collaborative environment. 

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.

• Ability to sit for up to 10 hours per day
• Ability to move freely around the office for up to 10 hours per day
• Ability to communicate verbally and in writing

Compensation Range

The base salary range for the role is up to $140,000.00.

Equal Opportunity Employer

• TruAmerica Multifamily is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.
• This policy applies to all employment practices within our organization, including hiring, recruiting, promotion, termination, layoff, recall, leave of absence, compensation, benefits, training, and internships. TruAmerica Multifamily makes hiring decisions based solely on qualifications, merit, and business needs at the time.

Salary : $140,000