Acquisitions Director - Affordable Housing

Gilbane Development Company • New York, NY

8h • $195,000 - $250,000

About The Position

Gilbane Development Company is seeking an Acquisitions Director to join our Affordable & Mixed-Income development team. As Acquisitions Director, you will play a pivotal role in Gilbane Development’s value-add/opportunistic investment platform under the Affordable & Mixed-Income Division, specifically targeting the acquisition of existing affordable housing projects across the United States. You will leverage your analytical skills to shape decisions, lead cross-functional teams, and ensure the successful execution of projects from conception to completion.

Requirements

• BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, or related field
• 10+ years of experience in multifamily real estate development and/or acquisitions
• Strong quantitative, financial analysis and modeling (excel) skills
• Exceptional research and writing abilities
• Strong project management skills and follow-through
• Ability to multi-task and prioritize appropriately in a constantly changing environment with a sense of urgency and accountability
• Highly driven and values entrepreneurialism; works well within ambiguity
• Exceptional attention to detail
• Some travel required

Nice To Haves

• LIHTC and Section 8 development and acquisition experience highly preferred

Responsibilities

• Lead the sourcing, identification, acquisition and execution of affordable housing acquisition projects, managing proformas, schedules, and resources effectively
• Support the Affordable & Mixed-Income Division in all aspects of affordable housing acquisition, rehabilitation, and development (Section 8, LIHTC, etc.) in core markets across the US
• Make substantial contributions to analysis that will inform the company's investment decisions
• Compile due diligence information, including financial, market, site, and regulatory data
• Analyze and compare complex partnership agreements and cash flow waterfalls
• Work collaboratively with the Senior Vice President to develop short- and long-term strategies to expand the affordable and mixed-income housing portfolio, as well as look for opportunities to reposition existing assets
• Completion of applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
• Work with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types
• Validation and defense of budgets, assumptions, and proforma analysis
• Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
• Perform, coordinate and / or lead pre-development work such as preliminary architectural and engineering issues, zoning issues, local government, and community support
• Supervise and lead staff. Mentor and develop team members, fostering a culture of excellence, innovation, and accountability. Complete employee evaluations of assigned staff annually and interim evaluations as required

Benefits

• Gilbane offers an excellent total compensation package which includes competitive health and welfare benefits and a generous profit-sharing/401k plan.
• We invest in our employees’ education and have built Gilbane University into a top training organization in the construction industry.

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1,001-5,000 employees