Director of Development and Acquisitions
3 Days Old
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 lifecycle—from feasibility to close—within the West Coast markets (California, Washington and Oregon).Job ResponsibilitiesDevelopment Leadership:Lead real estate development projects from concept through completionConduct feasibility studies, entitlement strategy, budgeting, and financial modelingOversee third-party consultants, architects, engineers, and contractorsCoordinate with internal teams for design, construction, finance, and asset managementEnsure adherence to BRIDGE’s high quality and affordability standardsReal Estate Acquisitions (Support Function):Evaluate potential property acquisitions aligned with BRIDGE’s missionUnderwrite and analyze acquisition deals, negotiate LOIs and PSAsWork with legal counsel and Capital Markets Group to close transactionsFinancial/Legal/Administrative:Prepare and validate pro formas, budgets, and deal assumptionsComplete financing applications and manage the closing processCollaborate with legal on all transaction documentsCollaboration:Partner with Property Management, Asset Management, Capital Markets, Legal, and outside stakeholdersSupport cross-functional development and acquisition initiativesQualificationsBachelor’s Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred7–10 years of experience, with a strong emphasis on affordable housing developmentExperience in the Los Angeles real estate market is preferredProven 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, etcExperience with acquisition of HUD at-risk properties, HOPE VI and/or homeownership developmentsHigh level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactionsPast personal involvement in reading and negotiating legal documentsExcellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely informationExperience reviewing and negotiating legal documents
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- Location:
- San Diego, CA, United States