Acquisition & Development Manager
Apply NowCompany: Legacy Marketing Partners
Location: Costa Mesa, CA 92627
Description:
We are an Equal Opportunity Employer. All on-site property management positions require criminal background screening. The nature of some of the duties outlined in the job description below involves access to the resident's apartment homes and/or the resident's personal and confidential information. We maintain a drug-free workplace. All property management positions require pre-employment drug screening. We also participate in E-VERIFY, a service of DHS and SSA, verifying the identity, and employment eligibility of all persons hired to work for the company.
Summary: The focus of the Acquisition & Development Manager will be to evaluate the potential acquisitions of new development opportunities in Southern California for Legacy Partners. The Acquisition & Development Manager will source, underwrite, and manage the due diligence process for new development and acquisition opportunities. This position requires the ability to manage multiple priorities with high flexibility and rapid response time, attention to detail, and understanding of the big picture. This position will report to the Vice President of Development and collaborate with others within Legacy Partners.
Essential Duties and Responsibilities include the following. Other duties may be assigned:
Sourcing multifamily land deal opportunities for institutional-sized development projects through the brokerage community and off-market or directly with sellers.
Works on underwriting opportunities
Directly managing land transactions, negotiations, and documentation
Works on due diligence activities related to land acquisitions, including analysis of title, easements, zoning, land use, and other local ordinances or regulations.
Prepares material needed for internal deal approval, lender, and LP approvals
Coordinates the initial stages of project planning and development among marketing, leasing, finance, and engineering in order to ensure project success.
Assist with the work of architects and contractors and coordinate inspections and other required government approvals.
Responsible for ongoing analytical support and reporting through the life of the project
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience: College Degree, a minimum of 2-5 years of related experience. Local geographical and market knowledge required.
Language Ability: Ability to read and interpret documents in accounting, as well as safety rules, operating and maintenance instructions, procedure manuals, and management agreements. Ability to write routine reports and correspondence. Ability to speak effectively with the organization's managers, customers, or employees. Must have strong written and verbal communication skills.
Math Ability: Ability to underwrite multi-family deal underwriting and amounts such as residual land value analysis, soft/hard costs, rents, operating expenses, fee calculations, management fees, developer fees, construction management fees, depreciation, proportions, and percentages. Ability to apply concepts of financial math and algebra.
Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: Excel, Word, spreadsheets, timelines, Internet software, e-mail, and PowerPoint are helpful.
Supervisory Responsibilities: This job may require the supervision of multiple consultants in order to assure quality results in their work.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to be mobile and to talk or hear. The vision requirements include close vision and the ability to adjust focus.
This job description is not intended to be all-inclusive, and the employee will also perform other reasonably related business duties as assigned by immediate supervisor and other management as required.
This job description does not constitute a written or implied contract of employment.
Summary: The focus of the Acquisition & Development Manager will be to evaluate the potential acquisitions of new development opportunities in Southern California for Legacy Partners. The Acquisition & Development Manager will source, underwrite, and manage the due diligence process for new development and acquisition opportunities. This position requires the ability to manage multiple priorities with high flexibility and rapid response time, attention to detail, and understanding of the big picture. This position will report to the Vice President of Development and collaborate with others within Legacy Partners.
Essential Duties and Responsibilities include the following. Other duties may be assigned:
Sourcing multifamily land deal opportunities for institutional-sized development projects through the brokerage community and off-market or directly with sellers.
Works on underwriting opportunities
Directly managing land transactions, negotiations, and documentation
Works on due diligence activities related to land acquisitions, including analysis of title, easements, zoning, land use, and other local ordinances or regulations.
Prepares material needed for internal deal approval, lender, and LP approvals
Coordinates the initial stages of project planning and development among marketing, leasing, finance, and engineering in order to ensure project success.
Assist with the work of architects and contractors and coordinate inspections and other required government approvals.
Responsible for ongoing analytical support and reporting through the life of the project
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions.
Education/Experience: College Degree, a minimum of 2-5 years of related experience. Local geographical and market knowledge required.
Language Ability: Ability to read and interpret documents in accounting, as well as safety rules, operating and maintenance instructions, procedure manuals, and management agreements. Ability to write routine reports and correspondence. Ability to speak effectively with the organization's managers, customers, or employees. Must have strong written and verbal communication skills.
Math Ability: Ability to underwrite multi-family deal underwriting and amounts such as residual land value analysis, soft/hard costs, rents, operating expenses, fee calculations, management fees, developer fees, construction management fees, depreciation, proportions, and percentages. Ability to apply concepts of financial math and algebra.
Reasoning Ability: Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
Computer Skills: Excel, Word, spreadsheets, timelines, Internet software, e-mail, and PowerPoint are helpful.
Supervisory Responsibilities: This job may require the supervision of multiple consultants in order to assure quality results in their work.
Physical Demands: The physical demands described here are representative of those that must be met by an employee to perform the essential functions of this job successfully. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to be mobile and to talk or hear. The vision requirements include close vision and the ability to adjust focus.
This job description is not intended to be all-inclusive, and the employee will also perform other reasonably related business duties as assigned by immediate supervisor and other management as required.
This job description does not constitute a written or implied contract of employment.