Morrow & Associates is hiring a Director of Land Acquisition (Multifamily), on behalf of our client, a leading, national multifamily developer and operator, ranked Top Workplace by NMHC (National Multifamily Housing Council).
As the Director of Land Acquisition your primary responsibility is to source new multifamily land opportunities and secure approvals for new multifamily developments in your assigned markets. This includes market research, market strategy, site evaluation, financial analysis, developing & maintaining relationships with landowners, and meeting annual pipeline and groundbreaking goals. You will report to the Vice President of Acquisitions Leader.
Key Responsibilities:
Evaluate sites based on company site selection criteria and complete financial analysis to determine viability and profitability of potential sites.
Complete risk/reward analysis; identification of critical path.
Understand the pro-forma including total project costs, revenue projections, cash flows and how each variable effects return.
Present projects to Investment Committee and external partners such as lenders, investors, and municipal staff/politicians.
Qualifications:
Proven track record of success in the real estate industry in multifamily site acquisitions, development, or analysis role.
Solid business acumen, robust interpersonal skills, self-motivation, and a drive for results.
Experience completing a deal from start to finish, existing skills in all transactional areas of development.
Builds relationships to support team collaboration, understands how to navigate through and anticipate challenges, easily adapts to find thoughtful solutions.
Bachelor's degree in Real Estate, Finance, or Business required.
All candidates must reside near a major airport. Travel required: 50-65%