Benefits

Job Description

Real Estate Private Equity Vice President Role Overview

StepStone Real Estate is seeking an experienced and dynamic Vice President to lead and expand our real estate acquisition efforts across the United States. The Vice President will oversee the identification, evaluation, and execution of strategic acquisition opportunities, ensuring alignment with the company’s long-term growth objectives. The ideal candidate will have a strong track record in real estate investments, deep market knowledge, and a proven ability to drive successful acquisitions in diverse real estate sectors.

Essential Job Functions:

Leadership & Strategy:

Lead and manage the real estate acquisitions team, providing mentorship, guidance, and strategic direction
Develop and execute the company’s real estate acquisition strategy, focusing on both short- and long-term objectives
Collaborate with senior leadership to ensure acquisition targets align with broader company goals and market conditions

Acquisition Execution:

Identify, source, and evaluate high-potential acquisition opportunities across various real estate asset classes (residential, commercial, industrial, mixed-use, etc.
Lead due diligence, financial modeling, and structuring of acquisition deals
Negotiate terms and conditions with property owners, brokers, and other stakeholders to secure advantageous deals
Oversee all aspects of the acquisition process, from initial contact to closing, ensuring compliance with legal, regulatory, and internal guidelines

Market & Industry Knowledge:

Stay abreast of trends in real estate markets, including economic factors, regulatory changes, and emerging investment opportunities in the U.S
Develop and maintain a network of key relationships, including brokers, developers, institutional investors, and financial partners
Conduct competitive market analysis and perform risk assessments to inform decision-making

Financial Oversight:

Lead the development and execution of financial models, including cash flow projections, internal rate of return (IRR) calculations, and sensitivity analyses
Oversee the investment committee process, presenting acquisition opportunities and providing insights and recommendations
Ensure the optimization of investment returns while managing risk and ensuring alignment with the company’s financial objectives

Team Collaboration & Cross-Functional Support:

Work closely with the legal, finance, and operations teams to ensure seamless execution of transactions
Support the asset management team in post-acquisition strategy, including integration and optimization of properties

Reporting & Performance Monitoring:

Regularly report on acquisition pipeline, financial performance, and key market trends to executive leadership
Track and monitor post-acquisition performance, ensuring that assets meet or exceed projected returns

Education and/or Work Experience Requirements:

At least 7 years of experience in real estate acquisitions, with a demonstrated track record of successfully closing deals in multiple asset classes
Proven experience leading acquisition teams and managing large-scale transactions
Extensive experience in real estate acquisitions, including a proven track record of successfully identifying and closing lucrative investment opportunities.
Strong financial and analytical skills to assess and evaluate potential real estate deals, including conducting due diligence, financial modeling, and risk analysis.
Excellent leadership abilities to lead and manage a team of real estate professionals, providing guidance and direction in executing acquisition strategies.
Exceptional negotiation and communication skills to interact with sellers, brokers, investors, and other stakeholders, ensuring smooth and successful transactions.

Knowledge, Skills, and Ability Requirements:

Extensive network of industry contacts and a deep understanding of real estate markets and trends.
Highly analytical with exceptional problem-solving skills
Proficient in Microsoft Office Suite (Excel, PowerPoint, Word) and real estate software
ARGUS experience optional but preferred
Promote and demonstrate a positive, team-oriented attitude

Acquisitions

Investment Management

Underwriting

StepStone Group Real Estate LP

• 100-1500 employees

StepStone Group (Nasdaq: STEP) is a global private markets investment firm focused on providing customized investment solutions and advisory and data services to our clients. StepStone’s clients include some of the world’s largest public and private defined benefit and defined contribution pension funds, sovereign wealth funds, and insurance companies, as well as prominent endowments, foundations, family offices, and private wealth clients, which include high-net-worth and mass affluent individuals. StepStone partners with its clients to develop and build private market portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt, and real estate asset classes.

Real Estate Overview: StepStone Real Estate provides investors and clients with customized exposure to private real estate through its extensive global market relationships, deep research capabilities, granular due diligence, and unusual structuring capabilities. We build this exposure through our commingled funds, customized funds, separately managed accounts, and investment advisory services. Our investment strategy is to provide liquidity solutions to private real estate funds, portfolios, and other types of real estate ownership vehicles and investors through recapitalizations and secondary investments. We execute this strategy by recapitalizing existing real estate funds and similar vehicles; acquiring equity from existing investors on a secondary basis; investing in newly formed funds; and co-investing in new acquisitions.

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