Vice President, Acquisitions

Schafer Richardson; Minneapolis (MN); On-site; USD 150,000 - 200,000; Full time

Job summary

A diversified real estate firm in Minneapolis seeks a Vice President of Acquisitions to lead sourcing and analyzing commercial property investments. The ideal candidate will have over 15 years of experience in the real estate sector, particularly in acquisitions and finance, with strong skills in financial modeling. You'll oversee transaction processes, secure financing, and manage relationships with partners and brokers, ensuring alignment with investment strategies. This full-time position includes limited travel responsibilities.

Qualifications

• 15 or more years of commercial real estate investment experience.
• Experience in industrial and multi-family sector preferred.
• Strong modeling skills, primarily in Excel.

Responsibilities

• Source listed and off-market commercial real estate acquisition opportunities.
• Analyze potential commercial real estate investments.
• Facilitate various sale transactions for partners.
• Secure acquisition financing and supervise associates.

Skills

Commercial real estate investment

Financial analysis

Negotiation skills

Strong communication

Analytical skills

Education

15+ years in real estate investments

Experience in industrial and multi-family sectors

Tools

Excel modeling

Job description

We Are Hiring – Vice President, Acquisitions

Reports To: Senior Vice President, Investments

Location: Minneapolis, MN

FLSA Status: Full-time, Exempt

SUMMARY:

Schafer Richardson, LLC is a diversified commercial real estate company providing investment, development, management, leasing, and construction services across the Upper Midwest.

This individual will join the Acquisitions team for SR Realty Trust, Inc., a diversified private real estate investment trust managed by Schafer Richardson and will have responsibility for sourcing, analyzing, due diligence, and closing acquisitions on behalf of SR Realty Trust, Inc.

DUTIES AND RESPONSIBILITIES: The job description below outlines the primary responsibilities and is not intended to be all encompassing. Other duties may be assigned by management as needed.

Primary responsibility is to growth the assets and capital under management for SR Realty Trust, by:

• Sourcing listed and off-market commercial real estate acquisition opportunities for SR Realty Trust.
• Analyzing potential commercial real estate investments, including acquisitions and joint-ventures.
• Facilitating 1031, 721, UPTIC, and TIC sale transactions for current and future partners.
• Assisting in new equity capital raises for SR Realty Trust.
• Securing acquisition financing.
• Supervise one or more acquisitions associates and/or analysts.
• Coordinating with legal team to ensure accurate and timely execution of acquisitions.
• Reviewing all transaction and loan documents to ensure conformance with acquisition plans.
• Growing and maintaining the Company’s relationships with brokers in core markets.
• Overseeing the due diligence process.
• Preparing investment memos and presenting them to investment committee.
• Preparing and executing presentations for business promotion.
• Coordinating with asset management on the take-over of new acquisitions.
• Collecting and analyzing market data on REIT’s core and secondary markets.
• Assisting in the preparation of SR Realty Trust investment strategy and business plan.
• Assisting in the preparation of exhibits for the quarterly Board of Trustees meetings, quarterly newsletters, and annual report.
• Periodic investor communication.

Education/Experience:

• 15 or more years of commercial real estate investment, acquisitions, finance, management experience.
• Experience in industrial and multi-family sector preferred with working knowledge in office and retail sectors.
• Strong modeling skills, primarily Excel.

Knowledge, Skills and Other Abilities:

• Active in the commercial real estate industry.
• High integrity, operates with a sense of urgency, understanding of the organizations’ needs and is easy to work with.
• Ability to successfully build consensus.
• Ability to negotiate skillfully and create consensus in challenging situations with internal and external stakeholders.
• Ability to be outgoing, straightforward, self-assured, and one who shares information readily, listens actively, and respects the abilities of others.
• Ability to define and solve potential issues with minimal supervision.
• Ability to promote and foster an environment that supports confidence and consistency with principals, executive team, board members, and staff who are culturally diverse.
• Ability to work together cooperatively and effectively in achieving organizational goals.
• Ability to allocate and effectively use information, personnel, time, and other resources necessary to meet changing priorities and deadlines.
• Ability to identify and resolve problems.
• Strong analytical skills (both quantitative and qualitative).
• Ability to compile, monitor, examine, and audit various financial, performance, and/or data reports for accuracy, integrity, and conformance to performance benchmarks.
• Ability to evaluate and determine property valuations and asset performance under a variety of scenarios.
• Excellent verbal and written communications skills to present to and work with senior management, internal departments, and investors.
• Ability to juggle competing priorities and work under pressure to meet demanding response times while paying strict attention to detail.
• Self-motivated team player who balances independent thinking with the execution capabilities and core competencies of the organization.

Physical Demands:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee in this position must frequently communicate with employees and must be able to exchange accurate information in these situations. While performing the duties of this job, the employee must be able to remain in a stationary position 50 percent of the time. The employee constantly operates a computer and other office productivity machinery (i.e., a computer, copy machine, and computer printer. In addition will occasionally lift and/or move up to 15 pounds and occasionally moves about inside the office to access computer equipment in different office locations. A valid driver’s license and automobile are required.

TRAVEL: Approximately 5-10% dependent upon level of experience in this position.