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Director, Housing Acquisitions

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
Chicago, DC, NYC, or Charlotte
Postal Code
60606
Country
United States

This job is no longer active.

Description


Director, Housing Acquisitions
Location: Chicago, DC, NYC, or Charlotte

Company Summary
:

Nuveen Real Estate is one of the largest real estate investment managers in the world with $125 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing.

With over 80 years of real estate investing experience and more than 500 employees* located across over 20 cities throughout the United States, Europe and Asia Pacific, the platform offers unparalleled geographic reach, which is married with deep sector expertise.

Position Summary:

The Director will report to the Head of Housing Acquisitions & Dispositions and will take a leading role in evaluating and executing on real estate transactions across various multifamily and student housing investment strategies, including but not limited to core, core plus and value add investments. A position requirement is that applicants have deep and numerous relationships within the real estate industry with an emphasis on East Coast and select Midwestern markets and have the ability to further develop, expand and maintain external relationships with key market participants, investment sales, leasing brokers and lenders.


Key Responsibilities:

  • Independently sources, underwrites, bids, negotiates and closes real estate investments (with a focus on multifamily) which fit the business plans of internal and external clients.
  • Evaluates investments and investment returns based on discounted cash flows, return on cost, development spreads and third-party leverage; analysis also to include impact of value-added opportunities, leverage, tax, and joint venture structures.
  • Lead the disposition process of housing investments across certain markets, including securing internal approvals and negotiation of key deal-related documentation.
  • Develop, expand and maintain external relationships with key market participants, investment sales, leasing brokers and lenders.
  • Ability to lead internal disciplines and develop strong relationships with these business partners.
  • Ability and willingness to advocate a reasoned point of view and engage in an honest and fact based debate with senior leadership in a public forum when appropriate.
  • Maintains complete and current knowledge of investment strategies and works with Head of Multifamily Acquisitions & Dispositions in the execution of investment strategy.
  • Prepares and oversees all investment authorizations and assures that all financial, market and risk analysis is correct and accurate.
  • Understands and keeps abreast of market dynamics and trends and seeks the input of research and other professionals in all analytic activities;
  • Monitors and analyzes economic, legal, political and market conditions within assigned areas.
  • Oversees (or undertakes directly) the coordination and compliance with all requirements for closing and funding of transactions.
  • Identifies appropriate financing strategies; evaluates financing proposals, while working with NRE’s capital markets team
  • Act as a resource to junior members of the team and provide mentoring support and guidance as a means of demonstrating leadership awareness.

     

    Qualifications:

Required:

  • BA or BS required
  • Minimum of 7 years of real estate transaction related experience with a demonstrable track record of sourcing, analyzing, negotiating and acquiring multifamily real estate.
  • Possesses strong knowledge of multifamily real estate, economics, finance, valuation, and private equity, financing, accounting and legal structures.
  • Position requires advanced analytical/reasoning skills to analyze disparate information flows based on market specific practice into a meaningful, relative-value basis. Requires advanced reasoning skills to effectively and timely identify viable investment opportunities which meet the long and short-term goals of multiple investor clients.
  • Experienced and proficient in Excel.
  • Demonstrated ability to operate independently in sourcing, underwriting and negotiating transactions. Strong written and verbal presentation skills that are directed to internal and external clients.
  • Ability to regularly travel to various markets for purposes of deal sourcing, evaluation, relationship building and obtaining market information.
  • Possess a developing knowledge of the process of investing in institutional quality real estate on a global basis, including financing, joint venturing, fund raising and managing.
  • Strong networking skills including but not limited to; Working closely with the brokerage community, direct sellers of real estate and joint venture partners to identify investment opportunities.
  • Experience making investment recommendations to senior investment professionals and/or investment committees and clients; strengthens existing relationships. Demonstrated consistently solid judgment regarding deals, people and situations

 

Preferred:

  • MBA or MS
  • Experience with workforce housing and/or multifamily tax-exempt bond financing
  • Joint venture and disposition experience
  • Ability to work in a team context and under pressure of tight deadlines, uncertain information and with limited resources; ability to manage time efficiently and to adapt to changing priorities as set by senior members of Nuveen Real Estate

 

Equal Employment Opportunity is not just the law, it’s our commitment. 
  
We are an Equal Opportunity/Affirmative Action Employer. We will consider all qualified applicants for employment regardless of age, race, color, national origin, sex, religion, veteran status, disability, sexual orientation, gender identity, or any other legally protected status.

 

*©2019 Teachers Insurance and Annuity Association of America (TIAA), 730 Third Avenue, New York, NY 10017 C23921

 

Job Sector


 

Experience


7+ to 10 years


This job is no longer active.

Acquisitions Residential Chicago, DC, NYC, or Charlotte Full Time Acquisitions, Transaction Director, Housing Acquisitions other