Hybrid Director, Acquisitions at Equity Residential
Equity Residential · Atlanta, United States Of America · Hybrid
- Professional
- Office in Atlanta
At Equity Residential, we're dedicated to creating thriving communities, and we invite you to be part of our team. Embracing values like Diversity, Sustainability, and Total Wellbeing, we foster a workplace culture of authenticity and collaboration.
How We Deliver a Winning Performance:
- Question Authority
- Walk the Talk
- Share Knowledge
- Listen, not just Hear
- See the Glass Half Full
- Take Educated Risks
- Enjoy the Ride
- Share the Spotlight
- Do the Right Thing
- Test Your Limits
We Care About Your Total Wellbeing:
- Physical Wellbeing: Medical, dental, and vision care
- Social Wellbeing: 9 paid holidays, annual vacation time, paid sick leave, new parent benefits
- Financial Wellbeing: 401(k) Retirement Savings Plan, Rent Discounts, Competitive Compensation
- Community Wellbeing: Paid Community Service Hours
- Career Wellbeing: Leadership Development
- Learn more about our Total Wellbeing program here.
What You’ll Be Doing:
This position is responsible for directing, managing, and coordinating the activities related to the acquisition of multi-family properties in Atlanta, GA and other eastern markets. Primary responsibilities include sourcing, underwriting, assisting the SVP – Acquisitions with contract negotiation, due diligence and closing. The Director - Acquisitions will also be responsible for developing relationships with principals, managing broker relationships and understanding market conditions as well as assisting with other transactional needs on an as needed basis (i.e. dispositions). This position reports to the SVP Transactions - Atlanta.
- Identification, underwriting, evaluation, and execution of multifamily acquisition opportunities, initially in the Atlanta market with the possibility to add other eastern US markets in the future.
- Collaborate with the Investment Officer (IO) to target locations and assets that meet the company’s investment strategy.
- Build and maintain relationships with brokers, owners and other industry professionals to source off-market opportunities.
- Monitor and report on pipeline activities, market trends and competitive landscape.
- Assist SVP – Acquisitions in the negotiation of LOI’s and Purchase and Sale agreements for fee simple transactions, and other potential structures including, leasehold interests, loan assumptions, pre-sales, earn outs, tax deferral (OP units) and other structures as opportunities dictate.
- During due diligence, work with the SVP – Acquisitions, IO and property management to prepare detailed operating budgets, including leasing plans, facilities and maintenance requirements, environmental/resiliency requirements, capital budgets, projected real estate taxes, and insurance requirements.
- Assist with all aspects of due diligence in coordination with the SVP – Acquisitions and Investment Officer (IO). Prepare initial drafts of deal memorandums for submission of acquisition opportunities to the Investment Committee for approval.
- Partner with Finance and Legal to negotiate real estate transactions, which include all-cash, fee simple transactions, and other potential structures including loan assumptions, pre-sales, earn outs, tax deferral (OP units) and other structures as opportunities dictate.
- Work with the Retail group to establish leasing plans and valuations for any retail or commercial space.
- Work with the Capital Markets group on any loan assumptions and incorporate mark to market valuations into pricing of acquisition opportunities.
- Support the Development group on sourcing, structuring, negotiating and underwriting joint venture opportunities.
- Collaborate with Dispositions Officer on broker selection and periodically execute property dispositions.
- Represent the Company in a professional manner at all times. Consistently maintain a professional courteous attitude when dealing with owners, brokers, coworkers and the general public.
- Perform other duties as necessary.
What You’ll Need to Thrive:
- Bachelor’s degree required. Advanced degree in Finance/Real Estate preferred.
- At least five years of experience in real estate, investment banking or other related industries. Minimum of two years of experience in identifying and underwriting transactions in a residential or commercial real estate environment required.
- Must have excellent analytical skills, be detail oriented, have good business sense, and be able to work on numerous projects concurrently and prioritize workload independently.
- Excellent communication skills both verbal and written and demonstrated ability to communicate effectively across all levels of the organization. Decisive nature with a sense of urgency is critical.
- Availability and willingness for overnight travel to existing EQR markets and/or potential new markets is required.
Machines, Tools and Equipment, Software: Computer literacy required and must be adept with the Google Platform and Microsoft Office suite of products. Should be able to use the machines, tools, and equipment typically used in an office environment.
Licenses/Certification: Valid driver's license and good driving record along with auto insurance required.
PHYSICAL AND VISUAL ACTIVITIES:
Ability to interpret, evaluate and communicate detailed written or verbal instructions to others accurately and quickly, including answering phones, attending meetings, written correspondence or other forms of communication. Ability to communicate effectively (expressing or exchanging ideas by means of the spoken or written word). This skill/ability is important in work activities in which workers must impart or receive detailed information through oral or written communication. Ability to lift, push, pull or carry up to 15 pounds for the dissemination of documents, supplies, materials, etc. to various locations throughout the office/facility.
Physical and visual activities that are commonly associated with the performance of the essential functions of this job. “Commonly associated” is not intended to mean always or only. There may be different experiences that suggest other ways or circumstances where reasonable changes or accommodations are appropriate.
WORKING ENVIRONMENT: In-office and remote, in alignment with the company’s corporate attendance policy.
Company
Working for Equity Residential (EQR), a leading multi-family real estate investment trust (REIT), means living our purpose: creating communities where people thrive. It means striving to provide the best in apartment living, speaking boldly about new ideas for innovation, and inspiring creativity in the ways we work together.
Our portfolio of high-quality properties in urban growth markets – New York City, Boston, Washington DC, Seattle, San Francisco, Southern California, and Denver – provides homes where people most want to live, work and play. We've got the best people in the business, as evidenced by our employee engagement scores and customer loyalty ratings. That’s why our employees say they are proud to work at Equity, a company that gives our residents a place where they can Live Remarkably, and offers a culture where our employees have the opportunity to thrive.
Equity Rewards
When you join Equity Residential, you won’t be treated as simply another employee — you will be considered a partner in our shared success. As such, we are committed to investing in your personal success through a benefits program that supports your Total Wellbeing.
We recognize that everyone has different needs outside of work. That’s why, in addition to a competitive benefits package (medical, dental, vision and paid time off), we offer many unique benefits options to employees, like a comprehensive wellness program, pet insurance, new parent benefits, and paid time off for community service projects. In addition to your next job, you can also find your next home with us! Rent discounts on Equity Residential apartment homes are available to our benefits-eligible employees. The amount of the discount offered is determined based on the market, ranging upwards from 20%. Learn more about our Total Wellbeing program here.
Equity Values
At Equity Residential, like our residents, our employees come from everywhere. A richly diverse work environment captures top talent, cultivates the best ideas, and creates the widest possible platform for success. By focusing on inclusion, these differences are harnessed to create value — in ideas, business practices, relationships, and employee engagement. As an Equal Opportunity Employer, we are committed to maintaining a diverse, inclusive and equitable work environment where our employees can thrive.
All aspects of the employment process are merit-based. Every Equity employee is expected to maintain a work environment that is free from discrimination and harassment. Equity Residential does not discriminate against any employee or job applicant because of race, religion, color, creed, sex, sexual orientation, gender, sexual/gender identity/expression, age, pregnancy (including childbirth, lactation or related medical conditions), physical or mental disability, national origin, citizenship status, military (including uniformed service member or protected veteran) status, marital status, genetic characteristic or information, ancestry or any other characteristic protected by law. Equity Residential also prohibits retaliation against individuals who report harassment or discrimination, or participate in investigations into such conduct.
