Selby Jennings is partnered with an institutionally-backed real estate development firm that has acquired and developed over $300m in projects over the last few years. This firm is looking to add on a senior level individual to take over existing developments and build out their own team.
Key Responsibilities:
• Create an industrial acquisition and execution strategy.
• Develop and implement SOP's around generating new acquisition targets, maintaining pipeline, compiling comps and organizing data.
• Leading Due Diligence in conjunction with Asset Management.
• Network with Brokers and Owners to source and underwrite new off-market acquisitions.
• Research market conditions and maintain up to date leasing, sales, vacancy, and development data.
• Author investment committee memorandums and present new acquisition targets to Investment Committee
• Lead the hiring of property management, leasing brokers, and sale brokers.
• Negotiate LOI's, PSA's, Loan Agreements, and Broker Commission Agreements.
• Lead the construction process of ground up warehouse development
• Understand entitlement processes and pathways in different municipalities and interface with the proper governing bodies to secure necessary permits, approvals, zoning changes, etc.
• Assist in the financial reporting of each asset with Asset Management.
Required Experience & Skills:
• 5-10 Years of experience sourcing, underwriting, developing, and managing industrial acquisitions in the Southeast
• Proficiency in financial modeling, Microsoft Excel, Microsoft Office and ARGUS
• Excellent communication skills, able to speak to market dynamics (Macro and Micro) concisely and eloquently, as well as prospective acquisitions.
• Taking initiative is a must - this candidate needs to be able to work independently as well as with a team to network and source acquisitions.
• Extremely well organized in processes and data
• Able to travel across the Southwest to tour properties and network with brokers and owners.
