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Title

Vice President 

Position Vice President  
Full-Time/Part-Time Full-Time  
About the Organization LC Communities was born out of LocalConstruct, a private real estate investment and development company focused on improving the built environment and how our cities interact with the natural world. Every part of the process is crucial: we employ a forward-thinking, precise approach to crafting, designing and operating our properties in a sustainable manner.  
Description

Roundhouse, a rapidly growing developer of diverse real estate projects, is seeking a dynamic and entrepreneurial individual to fill the position of Director of Investments. Founded in 2008, we have operations in four states with 2,500 multi-family units and over $600,000,000 of assets under management. We pride ourselves in challenging the status quo to identify emerging trends and markets that improve the lives of our residents and deliver superior returns to our partners. We take a long-term view that prioritizes community building and cultivates pride in the places we build and the cities we inhabit.

The Vice President will lead Acquisitions & Asset Management efforts of the Company. Primary areas of responsibility include sourcing and evaluating new investment opportunities, executing business plans around the Company's investments, and reporting financial performance to internal and external stakeholders. The role will also require extensive coordination with our Development, Accounting and Property Operations teams. The Vice President will report to the COO. The position is based in Boise, Idaho and will require travel to identify new investment opportunities and to oversee the performance of the Company's out of state assets.

Key Responsibilities

Acquisitions & Dispositions

  • Develop network of broker, owner, and other relationships to source acquisition and development opportunities consistent with Roundhouse's strategic goals
  • Generate thorough underwriting of investment opportunities based on thoughtful business plans that seek to achieve Roundhouse's financial and strategic goals
  • Coordinate with Development team on cost estimating, entitlement risk assessment, project schedules, and other inputs necessary for the evaluation of development opportunities
  • Negotiate LOIs, Purchase & Sale Agreements, Option Agreements, Management Agreements and other legal agreements on behalf of the Company
  • Develop Investment packages for the sourcing of project financing including Investment Overviews, Private Placement Memoranda, and Subscription Agreements
  • Source debt for new acquisitions and existing property refinancing
  • Oversee property level due diligence including lease audits, physical condition, environmental, title, legal & governmental issues, and any other areas critical to the assessment of a project's risks
  • Lead the closing process including coordinating loan closings, compliance with contractual timelines, assumption of contracts, and transition to Operations team
  • Assess tax implications of acquisitions/dispositions - structure tax deferred exchanges, TIC structures, Qualified Opportunity Funds, etc.
  • Position Roundhouse assets for disposition including engagement of Broker teams, oversight of marketing process, contract negotiation, buyer selection, and closing process

Asset Management

  • Broad responsibility for the ongoing financial performance of Roundhouse assets in conjunction with SVP of Property Operations
  • Oversee the implementation of project level business plans including capital improvement projects, marketing & branding, community outreach, and operational improvement initiatives
  • Coordinate with Development team to identify design teams, consultants, scopes of work, and other inputs needed to achieve project goals
  • Produce regular reporting and business plans to update ownership on partnership activities and issues related to financing, leasing, development, entitlements and zoning
  • Manage reporting requirements and approvals required under partnership and/or property management agreements and loan documents to ensure compliance with all "triggers," deadlines, and reporting requirements
  • Oversight of risk management, insurance, licensing and regulatory compliance required at the project level
  • Oversee the Accounting Department in investor reporting, quarterly distributions, and overall management of Juniper Square platform

Salary & Benefits

Salary to be determined based on candidate experience and credentials

Paid Time Off, Health/Vision/Dental Insurance, 401K with Employer Match, Education Assistance

 
Open Date 7/16/2020  
Position Requirements

About You

  • Self-starter comfortable with ambiguity, open-ended tasks, and an entrepreneurial atmosphere
  • Exceptional analytical skills with the ability to innovate and think creatively
  • Demonstrated subject matter expertise in multi-family housing operations, industry trends, and competitive landscape
  • Deep understanding of real estate finance, capital markets, tax and accounting
  • Familiarity with real estate development process, entitlements, construction, community relations, and legal issues
  • 5-10+ years of consistent advancement within the multi-family industry (acquisitions, finance, accounting, legal, or other relevant experience)
  • Superior MS Excel skills
  • Ability to travel regularly
 
Category Accounting/Finance  
Number of Openings 1  

This position is currently not accepting applications.

To search for an open position, please go to http://Rndhouse.appone.com



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