SVP, Multifamily Acquisitions

Formed in 1992, Fifteen Group is a multidisciplinary, highly opportunistic Miami-based real estate investment company known for its entrepreneurship and outstanding investment track record. The SVP, Multifamily Acquisitions will be a highly talented individual joining the firm’s Los Angeles office to lead acquisitions of multifamily apartment properties, focusing on value-add and opportunistic assets primarily in the Greater Los Angeles and San Francisco Bay areas.  Primary responsibilities include sourcing of new opportunities, both on and off-market, new deal analysis, underwriting, due diligence, closing, and asset management.  Position will work closely with existing team of in-place analysts, associates, and vice presidents to pursue, purchase, and manage existing multifamily properties.  Individual will report directly to ownership. This is a tremendous opportunity for someone with strong experience in the sourcing, acquisition, and management of value-added and opportunistic multifamily properties.

Candidate should have/be:

• Completed bachelors/undergraduate degree in related field of study (advanced degree preferred, not essential).
• In-depth working knowledge of Microsoft Office applications, and specifically Excel for underwriting purposes.
• Seasoned relative experience, including minimum of 7-10 years of meaningful, in-depth experience underwriting, performing diligence, acquiring, and operating multifamily properties.
• Outstanding communication skills, both verbal and written, and have outstanding organizational skills.
• An extremely resourceful self-starter, able to take strong initiative, work independently and long hours when needed.
• A diligent, hard worker, capable of thriving in an intense, high-energy environment.
• Have a strong knowledge of major California markets (general knowledge of other markets also preferred).
• Ability to manage multiple priorities, work with multiple opportunities, and efficiently multi-task.
• Ability to develop and maintain relationships with brokers, owners, vendors, and associates at all levels.
• Self-motivated, resourceful and proactive, both with respect to managing workload and professional development.
• Strong understanding of investment proforma, budgets and other project material e.g. market analyses and investment summaries and other descriptions of investment opportunities.
• Highest level of personal integrity and ethical standards.
• Ability and willingness to travel frequently to target markets

 

Specific duties will include:

• Comprehensive leadership on multifamily acquisitions, from sourcing through due diligence through closing.
• Work to develop, grow, and maintain broker, seller, bank, and deal-sourcing relationships and network.
• Market inquiries, market research, and in-depth market infiltration to source new investment opportunities.
• Detailed market analysis, including compilation of market reports, market studies, and market surveys.
• Creation of detailed pro-formas, discounted cash flows, investor waterfalls, return projections, and all necessary analysis in Excel for new potential acquisition opportunities.
• Creating and managing presentation packages for new deals and internal/external reporting.
• Manage acquisition process, including coordination of collection, analysis, and evaluation of due diligence information, reviewing 3rd party reports, shopping competition, and working with attorneys to facilitate closing.
• Interpret and understand financing structures, incl. financing, constraints, refinancing parameters, recap and debt restructuring documents, loan modifications, equity infusions, general partner docs, etc.
• Participation in management and oversight of property operations, operating analysis, management performance, including communication with lenders, agencies, owners, and financial partners.
• Participation in monthly and quarterly reporting to deal partners and firm principals.

 

Please do not contact company principals directly.