Acquisitions & Development Lead

Job title: Acquisitions & Development Lead

Company: Urban Development Partners

Job description: Acquisitions & Development Lead – Urban Development + Partners
Reports to: President/Development Manager
[This is an in-person position, flexible but NOT remote]$125,000-$175,000 salary range
+20% bonus + carried-interest participationWho we are:
Formed in 2006, Urban Development Partners is a real estate acquisition and development company that recognizes the generational impact of our work. We believe that effective and ethical development requires deep engagement with the neighborhoods and communities where we build. We focus on building and holding urban, transit-oriented housing and recognize that our buildings will be part of the urban form and landscape for generations.Who we’re looking for:
We are looking for a commercial real estate Acquisitions and Development Lead to help us grow our investment portfolio. Cultural fit and growth potential are more important than experience. We are interviewing candidates with as little as 8 years of experience up to executive level with 20+ years of experience.What’s the purpose of this role:
The purpose of this role is to drive the firm’s growth and expand the firm’s portfolio. It ensures financial performance by sourcing and securing high-quality real estate acquisitions while fostering strong relationships with investors. It is an entrepreneurial position, offering engagement in all stages of acquisitions and development. It requires a desire to learn and grow UD+P’s capabilities in all steps of the investment process.
By maintaining strong investor relationships, the role attracts essential capital for future projects and extends the firm’s 18-year record of delivering and improving successful community-enhancing buildings while providing competitive returns to its loyal investor network.KEY ACCOUNTABILITIES: (What you’re responsible for)Capital Raising and Investor Relations – In close coordination with CEO and Investor Services team, secure capital necessary to meet company objectives from new investor prospects and existing investor relationships. Deepen the quality of investor relationships post-investment with regular updates through in person meetings, webinars, newsletters and also guided by periodic surveys and feedback received.Deal Sourcing and Evaluation – Source and evaluate multifamily acquisitions that meet UD+P’s investment criteria, promptly taking them from initial assessment to Investment Committee approval/rejection.Financial Analysis and Due Diligence – Create thorough and accurate financial models and projections to support acquisition and investment activities. Complete due diligence (DD) process steps within specified timelines, while presenting thorough DD memos to Investment Committee per process guidelines.Development Management and Execution – Manage multiple development projects ensuring adherence to timelines and budgets. Ensure successful completion on time, within financial targets, and meeting or exceeding our design and quality standards.KEY COMPETENCIES: (What you’re good at!)Intelligence – Understands & absorbs market and asset information rapidly. A quick study to apply financial modeling and assessment knowledge to local markets.Analysis Skills – Identifies investment opportunities and prospective investors and is solutions oriented: both identifying significant problems and their potential solutions; focused on determining root causes.Resourcefulness / Initiative – Passionately finds ways over, around, or through barriers to success. Naturally inquisitive and creative, achieving results with limited resources. Goes beyond the call of duty. Shows bias for action. A results-oriented “doer”.Organization and Planning – Plans, organizes, schedules & budgets in an efficient, organized manner in coordination with other key team members. Focuses on key priorities.Energy/Drive – Exhibits energy, strong desire to achieve, and high dedication level.Persuasion – Persuasive in change efforts. Has a vision and is naturally inclined to tell others about it and have them want to be part of the vision: share deals, make new capital commitments, offer referrals. Convincing.KEY METRICS: (How we measure success!)$ Total value of investments closed per quarter (target $25MM/qtr)
$ Total GP capital raised per quarter ($2.5MM/qtr
# of Outbound acquisition calls/meetings (10/wk)
# of Outbound capital prospecting calls/meetings (4/wk)
# of Acquisition or Investor networking events attended (1/mo)
# of Investment opportunities underwritten (using Super Simple Underwriting process) (8/mo)
# of Investment opportunities fully underwritten (4/mo)
# of Projects / Investments presented to IC (2qtr)
# of Informal project stakeholder meetings held (2/qtr)
# of Projects on plan (3 “Green” projects)
% Project value add (20%)
% IRR (13-18 et, varies per investment)
Broker NPS score (NPS>60)
Personal investor NPS score (NPS> 60)Are you ready to join an award winning team? We want the best candidates to apply for our positions, if that’s you, apply with us today!Powered by JazzHR

Expected salary: $125000 – 175000 per year

Location: Portland, OR

Job date: Sun, 01 Sep 2024 06:05:13 GMT

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