Director Acquisition

Director Acquisition role at Equity Residential. This position is responsible for directing, managing, and coordinating the activities related to the acquisition of multi-family properties in Atlanta, GA and other eastern markets. Primary responsibilities include sourcing, underwriting, assisting the SVP – Acquisitions with contract negotiation, due diligence and closing. The Director - Acquisitions will also be responsible for developing relationships with principals, managing broker relationships and understanding market conditions as well as assisting with other transactional needs on an as needed basis (i.e. dispositions).

This position reports to the SVP Transactions - Atlanta.

$/yr - $/yr

This range is provided by Equity Residential. Your actual pay will be based on your skills and experience — talk with your recruiter to learn more.

At Equity Residential, we and invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration.

• This position is responsible for directing, managing, and coordinating the activities related to the acquisition of multi-family properties in Atlanta, GA and other eastern markets. Primary responsibilities include sourcing, underwriting, assisting the SVP – Acquisitions with contract negotiation, due diligence and closing. The Director - Acquisitions will also be responsible for developing relationships with principals, managing broker relationships and understanding market conditions as well as assisting with other transactional needs on an as needed basis (i.e. dispositions).
  
  This position reports to the SVP Transactions - Atlanta.
• Identification, underwriting, evaluation, and execution of multifamily acquisition opportunities, initially in the Atlanta market with the possibility to add other eastern US markets in the future.
• Collaborate with the Investment Officer (IO) to target locations and assets that meet the company’s investment strategy.
• Build and maintain relationships with brokers, owners and other industry professionals to source off-market opportunities.
• Monitor and report on pipeline activities, market trends and competitive landscape.
• Assist SVP – Acquisitions in the negotiation of LOIs and Purchase and Sale agreements for fee simple transactions, and other potential structures including leasehold interests, loan assumptions, pre-sales, earn outs, tax deferral (OP units) and other structures as opportunities dictate.
• During due diligence, work with the SVP – Acquisitions, IO and property management to prepare detailed operating budgets, including leasing plans, facilities and maintenance requirements, environmental/resiliency requirements, capital budgets, projected real estate taxes, and insurance requirements.
• Assist with all aspects of due diligence in coordination with the SVP – Acquisitions and Investment Officer. Prepare initial drafts of deal memorandums for submission of acquisition opportunities to the Investment Committee for approval.
• Partner with Finance and Legal to negotiate real estate transactions, which include all-cash, fee simple transactions, and other potential structures including loan assumptions, pre-sales, earn outs, tax deferral (OP units) and other structures as opportunities dictate.
• Work with the Retail group to establish leasing plans and valuations for any retail or commercial space.
• Work with the Capital Markets group on any loan assumptions and incorporate mark to market valuations into pricing of acquisition opportunities.
• Support the Development group on sourcing, structuring, negotiating and underwriting joint venture opportunities.
• Collaborate with Dispositions Officer on broker selection and periodically execute property dispositions.
• Represent the Company in a professional manner at all times. Consistently maintain a professional courteous attitude when dealing with owners, brokers, coworkers and the general public.
• Perform other duties as necessary.

• At least five years of experience in real estate, investment banking or other…