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Acquistions Director

Salary
$250,000+
Employment
Full Time
Work Place
Office
Real Estate Field
Location
Charleston
 SC
Postal Code
29405
Country
United States

This job is no longer active.

Description


Madison Capital Group (“MCG”) is a private real estate company that is a leader in commercial real estate.  Investment activities include multi family residential development and management, self storage acquisitions, development, and management, and boat and RV parking. MCG is looking to expand its activities into NNN, retail, and industrial assets. 

Founded in 2009, MCG is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including acquisition, development, underwriting, structuring, capital markets, and asset management. MCG is headquartered in Charlotte with a regional offices in California, Florida, Tennessee, Georgia, and South Carolina.

MCG is seeking an Associate Director to lead its retail and commercial investment strategy. Ideally the position will be located in MCGs Charleston office, but will consider Charlotte or Nashville. 

 

Responsibilities will include

  • Lead all aspects of the  acquisition process, including preparing and interpreting financial models and equity waterfalls, analyzing risk-adjusted returns, compiling market research, analyzing tenant credit profiles, reading and interpreting leases, negotiating leases, LOIs and PSAs, leading the due diligence process, and closing investments.
  • Lead outreach efforts to develop and maintain relationships with existing and new brokers, developers, owners, and other sources of investment opportunities.
  • Assist in the due diligence process, including tracking and reviewing due diligence items and third party reports, drafting investment memorandums, and presenting investment opportunities to Ladder’s investment committee for approval.
  • Assist with the financing and sale of  assets, including analyzing hold/refinance/sell decisions on existing portfolio.
  • Monitor the ongoing performance of individual  assets, including via monthly servicer and performance reports, confirming receipt and accuracy of rental payments, updating the underwriting model as applicable, determining the effect of severe weather and other outside events on the properties, and the maintenance of a lease rent schedule detailing the rental income and rent escalations to be received over the lease term.
  • Monitor the ongoing performance and risk of the portfolio as a whole, including, but not limited to, borrower, geographic and other concentration risk and average remaining lease term.
  • Monitor ongoing tenant corporate performance, including corporate credit ratings, stock and bond performance, analyst and rating agency coverage and earnings.
  • Maintain regular contact with the tenants and their corporate offices to ensure lease obligations and post-closing obligations are met.
  • Work closely with legal counsel and internal legal to negotiate LOIs, PSAs, leases, term sheets, loan agreements, inter-creditor agreements and related legal documentation.
  • Participate in monthly meetings with senior management regarding the portfolio.
  • Lead, train, and develop junior team members.
  • Maintain collateral files for MCG's lenders, investors, rating agencies, and internal asset management and trading departments.
  • Perform property tours of prospective investments and at least annually for active investments, and new business travel as required.
  • Coordination and verification of tenant tax payments and processing of tenant maintenance requests by coordinating with tenant site manager and local vendor.

Candidate Requirements:

  • BA/BS degree in finance, economics, real estate, or related discipline preferred.
  • 5-7 years of experience (flexible based on experience level) in the real estate finance industry (single tenant NNN lease sourcing and acquisitions experience preferred).
  • Strong Microsoft Office skills, with a focus on Excel, knowledge of Argus Software a plus.
  • Exceptional organizational skills and ability to multi-task.
  • Strong analytical and problem solving skills.
  • Candidate will have a significant desire to learn and grow within the real estate finance industry.
  • Exposure to legal documentation and due diligence in a transactional environment a plus.
  • Ability to work on multiple transactions at a time in a fast paced, deadline-driven and entrepreneurial work environment.
  • Exceptional interpersonal skills.
  • Self-motivated worker with the ability and flexibility to work in a dynamic, team setting as well as independently.
 
 

Experience


2+ to 5 years


This job is no longer active.

Acquisitions Retail Charleston Full Time SC Acquisitions, Finance, Underwriting Acquistions Director other