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Vice President of Acquisition and Development

Location:

Baltimore, MD


Company Description:

Our client is a privately held, fully integrated real estate development and investment company based in the Washington DC metro area. The company was established over 80 years ago and focuses on high quality mixed-use and residential projects.  They’ve completed over $3 billion in real estate transactions and developed over 10,000 apartments/homes.

 


Position Description:

 

DUTIES AND RESPONSIBILITIES:

  • Primary corporate responsibility for the identification of land acquisition opportunities in designated geographic markets in Mid-Atlantic region (Maryland, Pennsylvania, Northern Virginia, New Jersey). Land categories include: Multifamily (Class A and AA apartments); Suburban master-planned communities (100 to 250 acres) and Urban mixed use
  • Access municipal planning officials, landowners, broker network
  • Negotiate land acquisitions on behalf of the client
  • Spearhead land entitlement and municipal development approval process through building permits
  • Participate in the design (architectural and engineering) of new multifamily product in conjunction with corporate development and construction teams
  • Identify existing apartment communities with value added opportunities in designated Mid-Atlantic geographic markets
  • Report to President/ CEO

 SKILLS AND QUALIFICATIONS:

  • Academic: College degree required; MBA or graduate degree with real estate concentration desirable
  • Minimum of four to six years acquisitions and development experience with a developer of Class A/ AA apartment communities
  • Must demonstrate superior multifamily land acquisition skills and recent experience (specifically Maryland); must have acquired multifamily land in multiple markets within the past 24 months
  • Must be able to evaluate market criteria and define acquisition opportunities based on these criteria
  • Has successfully led multi-task process of land entitlement and development through municipal approval process: Coordinate third party allied professionals i.e. land use and real estate attorneys, architects, civil and other engineers, market analysts, government officials and coordinate corporate feasibility analysis i.e. financial proformas

 CHARACTERISTICS AND TRAITS:

  • Must thrive on working independently on identifying land/ real estate acquisition opportunities with self-initiative and rigor
  • Must be relentlessly tenacious, tempered with a positive, friendly attitude
  • Must be innovative and be able to think “outside of the box”
  • Must be proactive in establishing the right contacts in each market to identify new acquisition opportunities before they reach the market
  • Must be polished, articulate with the “gift of gab” essential for networking opportunities
  • Must be a dynamic team player

To learn more about this position, contact: Natasha Brill | (786) 216-7281 | nbrill@crownsearch.com

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