Acquisitions - Vice President/Senior Vice President

VP/SVP, ACQUISITIONS AND DEVELOPMENT

San Francisco, CA

Opportunity and Position Summary:

This role includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. The Vice President/Senior Vice President (title commensurate with experience) will be responsible for identifying and pursuing acquisition opportunities. The focus will be on office, retail, industrial and multifamily investments in assigned markets across strategies ranging from development to core. A secondary focus will be on student housing, affordable housing and senior living communities. The investments will be pursued on behalf of Stockbridge's funds and separate account clients, with varied investment plans.

This is both a qualitative and quantitative position where strong financial and written skills are necessary. This role also seeks an individual with managerial and leadership experience who can help lead a thriving team. Strong preference will be given to the candidate who brings deep industry relationships and significant transaction experience. This is a dynamic and exciting opportunity with specific focus on West Coast markets. This individual will report to the Managing Director, Acquisitions.

Primary Duties and Responsibilities:

• Develop comprehensive understanding of market fundamentals across office, multifamily, industrial and retail asset classes. Source and screen opportunities generated through market contacts to identify relative value and strategic fit for various Stockbridge clients.
• Effectively communicate acquisition opportunities to Stockbridge Portfolio Managers, Clients, and Investment Committee.
• Develop working relationships with key leasing/investment sale brokers, developers, property owners and operating partners.
• Oversee Analysts, Associates and Vice Presidents to underwrite, present, diligence and close transactions. Develop and be responsible for the assumptions and financial projections relied upon for each transaction.
• Prepare and/or oversee internal and external presentations and memos regarding proposed new investments.
• Leverage internal and third-party research and data sources to develop strategic focus and projections within assigned markets.
• Negotiate Letters of Intent, Purchase and Sale Contracts and Joint Venture Agreements. Analyze and manage results of third-party consultant reports. Lead buyer interviews and ongoing communication with brokers and sellers. Shepherd investment opportunities from inception through closing.
• Present acquisition recommendations to Investment Committee.
• Provide guidance and mentorship to Analysts, Associates and Vice Presidents.

Skills and Competencies:

• All candidates must have a BA or BS degree from an accredited institution, with preferred degrees in real estate, finance, business, accounting, economics, or related area. Must have strong academic credentials.
• Minimum of 15 years of real estate finance experience and strong experience with financial modeling.
• Established track record of sourcing and closing transactions.
• Proven analytical skills and working knowledge of Microsoft Office Suite. Experience with Argus Enterprise preferred.
• Previous transaction experience in West Coast markets preferred.
• Effective writing skills and ability to synthesize information, as well as strong verbal interpersonal/communication skills.
• Strong organizational skills, with the ability to prioritize and manage multiple projects simultaneously.
• Ability to travel on a regular basis.
• Ability to function both in a team-oriented setting and independently.
• Leadership ability to direct and mentor Analysts, Associates and Vice Presidents.
• Strong sense of personal motivation, responsibility, and entrepreneurship.

The Firm:

Stockbridge is a real estate investment management firm founded in 2003 and led by seasoned senior professionals averaging 25+ years of industry experience. Stockbridge oversees approximately $36 billion of assets under management across a variety of real estate property types, with an emphasis on residential and industrial space throughout the United States. The firm has offices in San Francisco, Atlanta, Chicago, Denver, Dallas, and Phoenix.

Travel:

Regular travel will be required for networking, property visits and supporting junior acquisition officers.

Compensation:

Competitive. The base pay scale for this position starts at a minimum $250,000+ annually for a qualified Vice President. Stockbridge's base pay scale depends on geographic location, business line, years of experience, and other qualifications of the successful candidate. A discretionary annual bonus is also included in addition to base pay. Benefits include medical, dental, vision, life and STD & LTD insurance. Stockbridge provides a 401K plan with a match as well as generous vacation, sick time and holiday time off. Additionally, Stockbridge provides opportunities for professional development and career advancement. The base pay scale and benefits are accurate as of the date of this posting. Stockbridge reserves the right to modify this information at any time, subject to applicable law.

STOCKBRIDGE IS AN EQUAL OPPORTUNITY EMPLOYER.