Director of Land Acquisitions, (Build for Rent and Multifamily)

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.

Reporting to the Sr. Managing Director of the TruAmerica BFR & Residential Development Group, this position is responsible for acquiring BFR and multi-family development sites for both market rate and affordable(LIHTC) communities, primarily in Southern California.  The position requires strong residential land broker relationships, strong market knowledge, and robust experience in residential land acquisition, entitlement and land planning. Experience with LIHTC project acquisitions, approvals & development is a plus. The Director of Land Acquisitions is responsible for directly sourcing land, coordinating & verifying all required due diligence, onboarding all required 3^rd party vendors, assisting with early project planning, municipal & CEQA approvals and preparing projects to be transitioned to predevelopment & construction.

Task and Responsibilities

Operational Task and Responsibilities

• Sourcing BFR & multi-family land new deal opportunities, both for market-rate and for LIHTC development projects.  
• Maintaining strong relationships with the BFR & multi-family land brokerage community.
• Working with TA team to model and underwrite opportunities.
• Assisting with TA internal deal approval, lender & LP approvals.
• Directly managing land transactions, negotiations & documentation.
• Creating and implementing a land acquisition due diligence process to ensure completeness and quality of documentation for internal, debt and equity review.
• Assisting with forward planning & pre-development.
• Overseeing all deal flow that has been secured and that is moving through the closing.

People Management Task and Responsibilities

• Creates an environment and culture that focuses on fulfilling the company’s mission, vision, and values.
• Provides direct training by providing hands-on mentorship with team members.
• Provides employee coaching and performance feedback.
• Ensures performance related issues are addressed and reach resolution; evaluates performance objectively with a focus on driving the business and results.

Preferred Experience/ Minimum Qualifications

• 10 years of experience in residential land acquisitions, underwriting, land planning, entitlement, for development and construction in California.
• Firm understanding of entitlement, permitting and development.
• Strong understanding of CEQA considerations and processing.
• Experience acquiring & underwriting LIHTC development projects is a plus
• Strong analytical skills

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 salary range for the role is $200,000.00 - $250,000.00 with eligibility for a bonus. 

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.

Communication

• Please do not contact the poster of this position directly. If you are a fit, the company will review your resume and reach out to you directly.
• No recruiters, please.

Salary : $200,000 - $250,000