Vice President of Acquisitions

Westcore Management LLC•San Diego, CA

6d•$200,000 - $275,000

About The Position

Westcore is a fully-integrated commercial real estate investment company with institutional scale and capabilities that operates with the speed and adaptability of opportunistic entrepreneurs. Westcore has a dynamic track record of real estate investing going back to its founding in 2000. We focus on well-located industrial properties in the United States. We are a vertically integrated company with expertise in all facets of real estate investment management: acquisitions, finance, asset management, leasing, construction, and building operations. To better support our Acquisitions Department and the anticipated doubling of our portfolio over the next few years, Westcore is looking for an experienced Vice President of Acquisitions.

Requirements

Market Lead responsible for identifying, evaluating, and executing new industrial property investments throughout the Mid-Atlantic, Northeast, and Southeast.
Plays a key role in sourcing, touring, underwriting, and closing real estate acquisitions, while also supporting financing, equity placement, and disposition activities.
Proactive dealmaker with strong market knowledge and the ability to manage transactions from origination through close.
Builder mindset: move from whiteboard to working system without perfect requirements.
Security and governance forward: design access controls and audit trails in.
Domain learner: curiosity and the ability learn and translate CRE business context into data architecture are required.
Cross-functional collaborator: work closely with multiple stakeholders
Translate technical constraints into plain language.
Disciplined and documented: pipelines, agents, and integrations can be maintainable by others; documentation is part of the deliverable.

Responsibilities

Act as market lead for assigned territories, maintaining up-to-date knowledge of market trends through regular property tours, broker engagement, and analysis of research materials.
Develop and grow key brokerage relationships throughout VP’s respective markets and attend industrial brokerage and industry functions on a regular basis. Including but not limited to NAIOP, SIOR, ULI, Investor Symposiums and Capital Markets events.
Identify, source, and qualify new acquisition opportunities in both core and emerging markets.
Lead negotiation of purchase and sale agreements in collaboration with internal legal teams and external counsel.
Oversee the development of Investment Committee materials and present all sourced acquisitions to Investment Committee.
Oversee financial underwriting in partnership with San Diego-based Analysts, including setting leasing assumptions and evaluating capital requirements with support from the Construction team.
Prepare and submit acquisition offers; negotiate directly with brokers and sellers.
Actively participate in the due diligence process alongside the Transaction Management team.
Develop and maintain strong relationships with brokers, sellers, and industry stakeholders to generate deal flow.
Support debt placement efforts for new acquisitions in coordination with internal and external capital partners.
Post-acquisition, collaborate with Leasing Leads to provide market feedback and strategic input on lease-up activity.