Vice President, Equity Investments

Company Overview Berkshire Residential Investments is a people-first real estate investment company who values not only the impact we make as a company, but the time we spend together in our high-performing teams. We value individual skills and perspectives to allow us to best serve our employees, investors, residents, and other stakeholders. If you’re interested in a workplace where everyone feels empowered to bring their full, authentic selves to work each day, come join our talented and growing team at Berkshire Residential Investments.

Our environment of entrepreneurial spirit, culture of expertise and our people-first approach will allow you to thrive while continuing to grow in your career. Position Summary The VP, Equity Investments will own and drive all multifamily acquisitions in their region/territory including sourcing, underwriting, due diligence, legal negotiation and closing core, core plus, and value add multifamily property acquisitions, debt investments, and equity joint venture investments for development within their territory. Ensure adequate pipeline within territory, including off-market transactions, and realistic underwriting to ensure outperformance against proforma.

Territories include Southeast/Midwest regions.

Responsibilities

include, but are not limited to: Source multifamily core, core plus and value add property acquisitions, and joint venture equity development investments and support debt investments Identify strategic opportunity and develop sourcing strategy and pipeline within assigned territory, targeting on-market and off-market transactions that satisfy current portfolio management

Requirements

Develop and foster strong industry relationships with brokers and developer partners and operator partner relationships for debt and preferred equity investments, if required, and others to expand sourcing network Supervise, train and mentor junior acquisitions officers on market and property research and underwriting of potential investments Coordinate due diligence using other specialized team members to ensure comprehensive and timely completion within the transactional timeframe and the firm’s investment process

Negotiate LOIs, term sheets, and legal documentation associated with the investment, managing, and working with the firm’s outside counsel Coordinate investment financing and closing with Capital Markets taking the lead Coordinate investment closing with transactions closing team Present new investments to Investment Committee for approval Support Portfolio and Property Management with the tracking of investments post-acquisition Provide input into the property/investment valuation process Manage and develop Acquisitions staff Consistently demonstrate use of tact and discretion Knowledge/Experience: Minimum of five (5) years managing acquisitions/sales staff Minimum ten (10) years of experience in commercial real estate with at least five years as a senior acquisitions professional in the multi-family sector in multiple geographies Originating loans to purchase properties in excess of 200 units Experience in both debt and equity transactions preferred Savvy and experienced underwriting and structuring of multifamily debt and equity transactions, to include recent experience in the distressed arena Preferred experience structuring joint ventures containing promotes, splits, preferred returns, etc.