Director, Acquisitions and Development

ITEX Property Management LLC • Houston, TX

12d • Onsite

About The Position

The Director is primarily responsible for the financial modeling and feasibility analysis of new investment opportunities. This role focuses on identifying projects that meet ITEX’s risk-return profile through rigorous financial modeling, underwriting, and market validation. You will act as the technical lead for all deal-related data, ensuring the Senior Vice President of Acquisitions and Development as well as the Investment Committee have an accurate financial roadmap for every potential acquisition or development.

Requirements

• Advanced proficiency in Microsoft Excel is essential, with a focus on building scalable models and performing sensitivity analysis.
• Strong understanding of commercial real estate terms, documentation, and various deal structures (Multi-Family preferred).
• Ability to distill complex financial data into concise written and verbal reports.
• Must be a self-starter capable of producing highly accurate, detailed work in a fast-paced environment.
• Bachelor’s degree in Finance, Accounting, Real Estate Development, or a related field.
• 4–7 years of experience in real estate development.
• At least 4 years of specific experience within the Multi-Family industry.

Responsibilities

• Develop and manage complex dynamic models to test the feasibility of new construction and rehabilitation projects, including affordable, workforce, and market-rate housing.
• Lead the underwriting process for new opportunities, ensuring all assumptions regarding debt, equity, and operational costs are accurate and defensible.
• Market our services in the form of RFPs or RFQs in order to secure further developments.
• Draft comprehensive project summaries and investment memos for the President, COO, and Investment Committee.
• Conduct deep-dive due diligence and market research to validate financial projections and project viability.
• Manage and review financial/contractual agreements with lenders and investors throughout the project lifecycle.
• Coordinate with Construction and Property Management to obtain real-world cost and operational data back into financial models to ensure ongoing profitability.

What This Job Offers

• Job Type: Full-time
• Career Level: Director