Director of Acquisitions & Development
- Compensation
- Not disclosed
- Location
- Miami, Florida
- Work setup
- Not specified
- Seniority
- Not specified
- Employment
- Not specified
- Experience
- 10+ years
- Category
- Not specified
- Posted
Skills
Must have
- Minimum of 10 years of real estate acquisitions and development experience, including substantial affordable housing experience.
- Demonstrated knowledge of and experience with LIHTC, Section 8 housing, and tax-exempt bond financing.
- Proven track record of sourcing, underwriting, negotiating, and closing real estate acquisitions or development transactions.
- Established relationships with real estate brokers in the affordable housing industry.
- Strong understanding of affordable housing capital structures, real estate underwriting, and project feasibility.
- Experience coordinating complex transactions with legal, financial, development, and public-sector professionals.
- Excellent negotiation, analytical, communication, organizational, and project management skills, with the ability to manage multiple projects and independently drive transactions from origination thro
- Travel as needed
Nice to have
- Bachelor's degree in Real Estate, Finance, Business, Accounting, or a related field.
- Experience with both affordable housing acquisitions and development.
- Experience with 4% and 9% LIHTC transactions, bond-financed developments, HUD programs, and project-based Section 8 rental assistance.
- Established relationships with state and local housing agencies, municipalities, and other key industry professionals.
Full description
Founded in 1979, Related Group has evolved from an affordable housing developer into a global leader in sophisticated metropolitan living, renowned for its iconic designs, groundbreaking partnerships, and museum-quality art installations. Over 45 years, Related has built, rehabilitated, and managed over 110,000 units, earning its place as one of the most prolific names in real estate. Today, the company is in its most significant expansion yet, with more than 90 active developments across the U.S. and Latin America, spanning luxury condominiums, market-rate rentals, mixed-use centers, and affordable properties. Led by the Pérez family and a team of the industry's top veterans, Related continues to push the industry bar higher, delivering innovative residential communities that positively transform cities, forge new trails and improve quality of life across all demographics.
Job Description:
POSITION OVERVIEW
The Director of Acquisitions & Development will lead the sourcing, acquisition, underwriting, and development of affordable multifamily housing projects. This individual will drive the growth of the company's affordable housing portfolio by identifying investment opportunities and overseeing projects from initial evaluation and due diligence through closing and development.
The ideal candidate will have at least 10 years of relevant real estate experience, demonstrated expertise in Low-Income Housing Tax Credits (LIHTC), Section 8, and tax-exempt bond financing, and established relationships with brokers, developers and industry professionals.
KEY RESPONSIBILITIESAcquisitions & Deal Origination
- Source and evaluate affordable multifamily acquisitions, preservation opportunities and rehabilitation projects.
- Maintain relationships with brokers, property owners, developers, and other industry contacts to generate deal flow.
- Conduct underwriting, market analysis, feasibility studies, and investment evaluations.
- Negotiate letters of intent, purchase and sale agreements, and other transaction documents; present investment opportunities to executive leadership.
- Oversee all due diligence for property acquisitions.
Development & Project Execution
- Oversee projects from feasibility evaluation through acquisition, financing, closing, construction, and stabilization.
- Coordinate with architects, engineers, general contractors, attorneys, consultants, and property management teams.
- Monitor development budgets, schedules, milestones, and financial performance; resolve permitting, environmental, construction, and financing challenges.
- Ensure projects meet approved budgets, schedules, investment objectives, and affordability requirements.
Regulatory Compliance
- Maintain knowledge of applicable federal, state, and local affordable housing programs, regulations, and financing requirements.