Acquisition & Development Manager

Legacy Partners, Inc.; Costa Mesa (CA); Hybrid; USD 90,000 - 120,000; Full time

Job summary

A leading real estate firm is seeking an Acquisition & Development Manager to evaluate and manage new development opportunities in Southern California. This hybrid role involves sourcing, underwriting, and overseeing due diligence for multifamily projects.

Benefits

Comprehensive Health Coverage

Paid Sick Leave

Vacation Time

401(k) with Company Match

Housing Discount

Qualifications

• Ability to manage multiple priorities with high flexibility.
• Experience in sourcing multifamily land deal opportunities.

Responsibilities

• Source and underwrite new development opportunities.
• Manage land transactions, negotiations, and documentation.
• Conduct due diligence on land acquisitions.

Skills

Attention to Detail

Negotiation

Analytical Support

Job description

We are an Equal Opportunity Employer. All on-site property management positions require criminal background screening. The nature of some of the duties outlined in the job description below involves access to the resident’s apartment homes and/or the resident’s personal and confidential information. We maintain a drug-free workplace. All property management positions require pre-employment drug screening. We also participate in E-VERIFY, a service of DHS and SSA, verifying the identity, and employment eligibility of all persons hired to work for the company.

A bout Legacy Partners:

Legacy Partners is a privately held real estate firm that owns, develops, and manages multifamily communities throughout the United States. Since 1968, we have developed more than 78,000 apartment homes and have worked with some of the world’s largest financial institutions, life insurance companies, and real estate companies. In addition to development, Legacy Partners provides management services for our own portfolio and other owners. Combined, we manage a portfolio of over 50 multifamily communities with more than 12,000 apartment homes with a gross value in excess of $3 billion.

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Job Summary:

The focus of the Acquisition & Development Manager will be to evaluate the potential acquisitions of new development opportunities in Southern California for Legacy Partners. The Acquisition & Development Manager will source, underwrite, and manage the due diligence process for new development and acquisition opportunities. This position requires the ability to manage multiple priorities with high flexibility and rapid response time, attention to detail, and understanding of the big picture. This position will report to the Vice President of Development and collaborate with others within Legacy Partners. This is a remote/ hybrid position.

Essential Duties and Responsibilities include the following. Other duties may be assigned:

• Sourcing multifamily land deal opportunities for institutional-sized development projects through the brokerage community and off-market or directly with sellers.

• Works on underwriting opportunities

• Directly managing land transactions, negotiations, and documentation

• Works on due diligence activities related to land acquisitions, including analysis of title, easements, zoning, land use, and other local ordinances or regulations.

• Prepares material needed for internal deal approval, lender, and LP approvals

• Coordinates the initial stages of project planning and development among marketing, leasing, finance, and engineering in order to ensure project success.

• Assist with the work of architects and contractors and coordinate inspections and other required government approvals.

• Responsible for ongoing analytical support and reporting through the life of the project

This job description is not intended to be all–inclusive, and the employee will also perform other reasonably related business duties as assigned by the immediate supervisor and other management as required. This job description does not constitute a written or implied contract of employment.

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Additional Compensation:

Many factors go into determining employee pay within the posted range, including business requirements, prior experience, current skills, and geographical location.

Inadditionto the base salary, this role may be eligible toparticipateina bi-weekly, monthly, quarterly, orannual bonus program based onindividual and company performance.

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Summary of Benefits*:

• Comprehensive Health Coverage—Medical, dental, vision, long-term disability, group life, and accidental death and dismemberment insurance. A Health Savings Account (HSA) with employer match is available for those enrolled in medical coverage. Benefits are offered for employees with a regular work schedule of 30+ hours per week.
• Paid Sick Leave – 1 hour accrued per 30 hours worked (max 120 hours).
• Vacation Time – Accrued based on hours worked (up to 120 hours in the first five years), with additional accrual over time.
• 10 Paid Holidays Per Year
• Paid Jury Duty & Bereavement Leave
• 401(k) with Company Match – Eligible after 90 days of employment with employer contribution.
• Special Perks & Recognition – Anniversary rewards and sail-away days.
• A housing discount (generally 20%) may be available when living and working at the same site and when there is an open slot—the number of discounts is limited. A New Hire must meet rental qualifications to rent.

*A detailed description of all benefits will be shared upon onboarding.