Director of Acquisitions & Development

Related Group•Miami, FL

About The Position

The Director of Acquisitions & Development will lead the sourcing, acquisition, underwriting, and development of affordable multifamily housing projects. The role supports growth of the company’s affordable housing portfolio by identifying investment opportunities and overseeing projects from initial evaluation and due diligence through closing and development. The position requires substantial real estate and affordable housing experience, knowledge of LIHTC, Section 8, and tax-exempt bond financing, and established industry relationships. The Director will manage acquisitions and development activities, coordinate with internal teams and external professionals, and work with public agencies to secure funding, approvals, and development incentives. Success is measured by building a strong pipeline, closing transactions aligned with investment objectives, delivering projects on schedule and within approved budgets, maintaining productive industry relationships, and mitigating transaction, regulatory, and development risks. Travel is required as needed.

Requirements

At least 10 years of real estate acquisitions and development experience, including substantial affordable housing experience.
Demonstrated knowledge of and experience with LIHTC, Section 8 housing, and tax-exempt bond financing.
Proven track record of sourcing, underwriting, negotiating, and closing real estate acquisitions or development transactions.
Established relationships with real estate brokers in the affordable housing industry.
Strong understanding of affordable housing capital structures, real estate underwriting, and project feasibility.
Experience coordinating complex transactions with legal, financial, development, and public-sector professionals.
Excellent negotiation, analytical, communication, organizational, and project management skills.
Ability to manage multiple projects and independently drive transactions from origination through closing.

Nice To Haves

Bachelor's degree in Real Estate, Finance, Business, Accounting, or a related field.
Experience with both affordable housing acquisitions and development.
Experience with 4% and 9% LIHTC transactions, bond-financed developments, HUD programs, and project-based Section 8 rental assistance.
Established relationships with state and local housing agencies, municipalities, and other key industry professionals.

Responsibilities

Source and evaluate affordable multifamily acquisitions, preservation opportunities, and rehabilitation projects.
Maintain relationships with brokers, property owners, developers, and other industry contacts to generate deal flow.
Conduct underwriting, market analysis, feasibility studies, and investment evaluations.
Negotiate letters of intent, purchase and sale agreements, and other transaction documents; present investment opportunities to executive leadership.
Oversee due diligence for property acquisitions.
Oversee projects from feasibility evaluation through acquisition, financing, closing, construction, and stabilization.
Coordinate with architects, engineers, general contractors, attorneys, consultants, and property management teams.
Monitor development budgets, schedules, milestones, and financial performance, and resolve permitting, environmental, construction, and financing challenges.
Ensure projects meet approved budgets, schedules, investment objectives, and affordability requirements.
Maintain knowledge of applicable federal, state, and local affordable housing programs, regulations, and financing requirements.
Work with housing finance agencies, housing authorities, municipalities, and other public agencies to secure funding, approvals, and development incentives.
Coordinate with legal counsel, tax credit consultants, and compliance professionals to support transaction execution and regulatory compliance.
Collaborate with executive leadership and internal finance, legal, construction, and asset management teams to advance the development pipeline.
Travel as needed.