Director of Development and Acquisitions

The Director of Development and Acquisitions will lead efforts to identify, structure, and execute multi-family affordable/workforce housing development projects, while also supporting selective acquisition opportunities. The role emphasizes the full development lifecyclefrom feasibility to closewithin the West Coast markets (California, Washington and Oregon).

Job Responsibilities

Development Leadership:

• Lead real estate development projects from concept through completion.
• Conduct feasibility studies, entitlement strategy, budgeting, and financial modeling.
• Oversee third-party consultants, architects, engineers, and contractors.
• Coordinate with internal teams for design, construction, finance, and asset management.
• Ensure adherence to BRIDGE's high quality and affordability standards.

Real Estate Acquisitions (Support Function):

• Evaluate potential property acquisitions aligned with BRIDGE's mission.
• Underwrite and analyze acquisition deals, negotiate LOIs and PSAs.
• Work with legal counsel and Capital Markets Group to close transactions.

Financial/Legal/Administrative:

• Prepare and validate pro formas, budgets, and deal assumptions.
• Complete financing applications and manage the closing process.
• Collaborate with legal on all transaction documents.

Collaboration:

• Partner with Property Management, Asset Management, Capital Markets, Legal, and outside stakeholders.
• Support cross-functional development and acquisition initiatives.

Qualifications

• Bachelor's Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred.
• 710 years of experience, with a strong emphasis on affordable housing development.
• Experience in the Los Angeles real estate market is preferred.
• Proven success in project delivery, deal structuring, and public/private financing tools (LIHTC, tax-exempt bonds, etc.).
• Strong analytical, project management, and communication skills.
• Extensive hands-on experience in the underwriting and financing of affordable housing projects, including the use of typical financing sources such as low-income housing tax credits, tax exempt bonds, HOME, CDBG, HUD Section 202, etc.
• Experience with acquisition of HUD at-risk properties, HOPE VI and/or homeownership developments.
• High level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactions.
• Past personal involvement in reading and negotiating legal documents.
• Excellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely information.
• Experience reviewing and negotiating legal documents.

$160,000 - $190,000 a year