Sr. Acquisitions Manager
Apply NowCompany: The Church of Jesus Christ of Latter-Day Saints
Location: Salt Lake City, UT 84118
Description:
Job Description
JOB FUNCTION:
The Senior Acquisitions Manager is responsible for leading the sourcing, evaluation, and execution of real estate investment opportunities, with a focus on commercial property acquisitions, land acquisition, and evaluating development potential of existing land holdings. This role plays a key part in aligning the acquisition strategy with the company's broader investment and development goals. The position requires strategic thinking, strong financial acumen, and a collaborative approach to working across internal teams and with external stakeholders, along with a proactive mindset for deal sourcing and cultivating a robust network of industry contacts.
WHO WE ARE:
At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cash flow for future needs.
As caretakers of sacred funds, we invest in income-generating properties and land to support the Church's mission. Our focus is on the acquisition, build-to-hold development, and portfolio-level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.
Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.
Responsibilities
PRIMARY DUTIES & RESPONSIBILITIES:
Qualifications
POSITION REQUIREMENTS & QUALIFICATIONS:
PR/IP
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord's work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings- giving Church members places to worship, teach, learn, and receive sacred ordinances-our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.
JOB FUNCTION:
The Senior Acquisitions Manager is responsible for leading the sourcing, evaluation, and execution of real estate investment opportunities, with a focus on commercial property acquisitions, land acquisition, and evaluating development potential of existing land holdings. This role plays a key part in aligning the acquisition strategy with the company's broader investment and development goals. The position requires strategic thinking, strong financial acumen, and a collaborative approach to working across internal teams and with external stakeholders, along with a proactive mindset for deal sourcing and cultivating a robust network of industry contacts.
WHO WE ARE:
At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cash flow for future needs.
As caretakers of sacred funds, we invest in income-generating properties and land to support the Church's mission. Our focus is on the acquisition, build-to-hold development, and portfolio-level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties.
Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.
Responsibilities
PRIMARY DUTIES & RESPONSIBILITIES:
- Strategic Planning: Support in the development and execution of the Company's real estate acquisition strategies for commercial properties and land, identifying high-impact development opportunities in line with overall business objectives.
- Sourcing & Deal Origination: Source acquisition opportunities through relationships with brokers, property owners, municipalities, and developers. Conduct market research to identify trends and maintain a robust pipeline of targets.
- Financial Analysis & Underwriting: Oversee financial modeling and underwriting, perform sensitivity analyses, and coordinate with internal teams to ensure accuracy and alignment with strategic objectives.
- Land Acquisition & Development Feasibility: Evaluate land for future development, interpret zoning regulations, and provide strategic input on portfolio optimization.
- Transaction Execution & Negotiation: Manage the end-to-end acquisition process, including sourcing, underwriting, negotiation, due diligence, and closing. Lead negotiations with property owners, brokers, and legal teams to secure favorable acquisition terms, and present investment recommendations to stakeholders.
- Due Diligence & Risk Management: Direct due diligence, collaborate with teams to evaluate project feasibility, ensuring thorough evaluation of all property, legal, and financial risks before acquisition approval.
- Stakeholder Engagement: Build and maintain relationships with investors, lenders, and key industry stakeholders. Represent the company at industry events and in negotiations with high-level contacts.
- Reporting & Presentations: Prepare and present acquisition opportunities, investment strategies, and deal summaries to the executive team and investment committee for approval.
Qualifications
POSITION REQUIREMENTS & QUALIFICATIONS:
- Member of the Church of Jesus Christ of Latter-day Saints and currently temple-worthy.
- Bachelor's degree in Real Estate, Finance, Business, or a related field. MBA or Master's degree is strongly preferred.
- 10+ years of experience in real estate acquisitions, with a proven track record of closing large, complex transactions. 5+ years land acquisition experience strongly preferred.
- Extensive knowledge of domestic real estate markets, regulations, and economic trends.
- Advanced financial acumen, with expertise in real estate financial modeling, deal structuring, and investment analysis.
- Strategic thinking with a demonstrated ability to adapt to changing market conditions and support teams through growth phases.
- Expertise in negotiation, transaction structuring, and legal frameworks related to real estate.
- Strong network of industry contacts, including institutional investors, developers, and key players in the global real estate sector.
- Excellent communication and presentation skills, with the ability to engage effectively with senior leadership.
- Travel required.
- Strong written and verbal communication skills, with an emphasis on clear and concise financial reporting.
PR/IP
About Us
Church employees find joy and satisfaction in using their unique talents and abilities to further the Lord's work. From the IT professional who develops an app that sends the gospel message worldwide, to the facilities manager who maintains our buildings- giving Church members places to worship, teach, learn, and receive sacred ordinances-our employees seek innovative ways to share the gospel of Jesus Christ with the world. They are literally working in His kingdom.
Only members of the Church who are worthy of a temple recommend qualify for employment. Apart from this, the Church is an equal opportunity employer and does not discriminate in its employment decisions on any basis that would violate U.S. or local law.
Qualified applicants will be considered for employment without regard to race, national origin, color, gender, pregnancy, marital status, age, disability, genetic information, veteran status, or other legally protected categories that apply to the Church. The Church will make reasonable accommodations for qualified individuals with known disabilities.