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The Investments Director is primarily responsible for participating in the acquisition and disposition of existing multi-family communities located in high barrier-to-entry markets. This role will also be responsible for the sourcing and execution of joint venture investments in ground-up developments built by third-party developers.
- Prepares financial analysis of properties being considered for acquisition and/or joint venture investments, which includes advanced pro forma modeling, preparation and review of market surveys, and other financial analysis required to evaluate investment candidates.
- Makes recommendations on the appropriate renovation and deferred maintenance scope of work to be adopted for newly acquired communities.
- Leads on-site due diligence teams during the due diligence process, including obtaining proposals from consultants, managing, scheduling, and coordination of physical due diligence, and summarizes results for senior management.
- Participates in the preparation of investment summaries for qualified investment candidates to be distributed to the Management Investment Committee.
- Manages the closing process for assets approved for acquisition or joint venture investments.
- Leads the transition process post-closing on newly acquired assets to be transitioned to the Operations and Redevelopment functions within the company.
- Prepares potential assets for sale by reviewing existing title reports, assessing capital needs, and preparing on-site staff for the sale and transition process.
- Coordinates with the brokerage community about the production of offering memorandums for properties to be disposed.
- Participates in the review and negotiation of purchase and sale agreements, LLC agreements and various other partnership documents.
- Performs special projects and assignments as needed.
You Have…
Education:
- Bachelor’s degree required
- MBA and/or CPA/CFA preferred
Experience:
- 5+ years of relevant work experience in the real estate industry, preferably in a similar role
Knowledge, Skills and Abilities:
- Possesses outstanding leadership skills and the ability to motivate others and work successfully in a team environment surrounded by strong personalities.
- Exhibits strong motivation, takes initiative, learns quickly, and is a resourceful team player who can work autonomously when required but also has the maturity to ask for support or guidance when needed.
- Demonstrates solid analytical and problem solving skills, including a strong foundation in Microsoft Excel.
- Possesses exceptional communication and organizational skills.
- Exhibits a passion for the real estate industry in general and for a transactional role in particular.
How AvalonBay Supports You
We know that our teams are the beating heart of our success and we’re committed to showing our appreciation.
We offer:
- Comprehensive benefits – health, dental & vision, 401(k) with company match, paid vacation and holidays, tuition reimbursement, an employee stock purchase plan and more!
- Growth based on achievement and promotion from within.
- Associate recognition (a company-wide recognition program that celebrates associate efforts and successes in contributing to the overall success of the organization – including destination awards, ‘AvalonBay’s Very Best’ recognition program and others!).
- A 20% discount on our incredible apartment homes.
- A culture built on purpose and our core values – A Commitment to Integrity, A Spirit of Caring, and A Focus on Continuous Improvement.
Source: Avalon Bay Career Page
