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Acquisition Manager

About The Job

DMG Investments LLC is a leading multi-asset real estate investment firms with headquarter located in NYC. We focus on real estate acquisitions, development and management as well as financing. DMG has the best-in-class assets across the nation in dynamic markets located in New York, New Jersey, Texas and South Carolina. We are continuing to expand and innovate as one of the most aspiring Real Estate Development companies in the United States. We are looking to hire for a Acquisition Manager to join our rapidly growing Finance and Acquisition team.

Our employees love our family atmosphere, team mentality, and the many perks of being an employee of DMG Investments. At DMG Investments, we’re committed to each of our associates’ health, wealth, and overall well-being which is why we’ve made available a comprehensive benefits package that includes a medical plan, 401K and a generous PTO policy. We are committed to practices that have a positive impact on the communities in which we operate.

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Qualifications

Minimum of five years of hands-on real estate experience preferably with a focus on multifamily, student housing, retail, and/or mixed-use.

The candidate should have progressive accomplishments that demonstrate increased responsibility in a variety of related functions (e.g., site acquisition, design & permitting, construction, etc.).

Proficiency with Microsoft Excel, able to review, and analyze relatively complex project budgets and financial projections.

Strong project management experience, including selecting, contracting, and managing consultants, design professionals and general contractors

Must be able to analyze and interpret econometric research, government/zoning regulations, conceptual design plans and specifications, and basic real estate related legal documents.

Direct experience negotiating development related contracts, procuring entitlements, and sourcing acquisitions is highly preferred.

Responsibilities

Include but are not limited to
  • Direct the project due diligence process, including selection and management of consultants and evaluation of reports (e.g., survey, environmental). Identify risks, mitigation strategies, and impact to projected investment returns.
  • Coordinate with Construction team on pre-development activities with 3rd party professionals, specifically including pre-closing design and entitlement work, resolution of due diligence issues, and satisfaction of closing contingencies (contractual and imposed by Investment Committee).
  • Directly communicate with local citizen groups, elected officials, and government staff as part of the process
  • Coordinate outside counsel regarding contracting and closing; assist the Finance team as needed to facilitate closing of debt and equity financing
  • Prepare requests to the Investment Committee for capital investment and pre-development expenditures. Efficiently and clearly present (i.e., advocate and defend) key facts, strategic vision, challenges, risks, and investment considerations
  • Lead proforma underwriting to ascertain viability and consistency with investment objectives
  • Provide timely preliminary feedback based upon industry knowledge, market and sub-market dynamics, design trends, and project cost information
  • Partner with internal leadership to cultivate relationships with property owners, civic organizations, government officials, other developers, and the brokerage community
Job Type: Full Time
Job Location: New York City