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Acquisition & Development Associate

Company: Valiance Capital
Location: Berkeley
Posted on: May 14, 2022

Job Description:

Based in Berkeley, Valiance Capital is a different kind of private real estate investment firm that specializes in the acquisition and development of value-add and ground-up development of student housing and multifamily properties. We are young, dynamic and a mission-driven group who are out to make an impact beyond ourselves and families, but also in the lives of millions in their path towards financial freedom.
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Our company is currently undergoing a surge of successful growth and is zeroing in on its next key hire that will develop some of the most significant student housing projects around UC Berkeley. The Acquisition & Development Associate will be responsible for sourcing and evaluating student housing development sites for acquisition in Berkeley, CA.---More specifically, our next key hire will help us solidify being one of the most active real estate operators and developers in the Berkeley submarket. With a portfolio of over $150,000,000 in Assets under Management (AUM), we have world-class student housing projects in the pipeline that will double our AUM in a matter of years. We are only looking for entrepreneurial team members who place high value in their growth and contribution; and we will be supporting this individual every step of the way to be the best version of themselves. At Valiance, your talents, gifts, and sheer work ethic will be pushed to make you become a leader in our rising organization.
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We are looking for an Acquisition & Development Associate who has the tenacity and will to find and develop incredible development opportunities that will shape the future of our company, our communities and the lives of our students. This individual will work closely with the CEO/Head of Acquisitions and Head of Development to develop acquisition strategy, site feasibility, due diligence, development feasibility, and be responsible for driving the acquisition efforts to source potential opportunities as well as participate throughout all phases of the development, often across multiple concurrent projects. The ideal candidate is a capable problem solver, who is natural at bringing people together and using internal and external resources to find solutions. Must possess quality people skills, strong intuition and critical thinking skills for successful execution of their roles. Must be able to thrive in a results-oriented, fast paced, high-volume environment.
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Job Description
Sourcing - Uncover investment opportunities through both marketed and off-market channels in alignment with company strategy. Develop and manage capital and broker relationships to generate deal flow, new investor relationships, and capture market intelligence. Obtain business and professional information to grow competitive advantages and our development pipeline. Supports the negotiation of sale and purchase agreements for identified sites.
Create and maintain the schedule for ongoing developments
Manages the due diligence process to assess land opportunities, and prepares feasibility documentation, underwriting and recommendations on key findings for proposed deals
Create and pursue market analysis, zoning research, and---prepares detailed investment memorandums providing insight on the proposed projects for submission to the Company's Investment Committee including detailed pro-forma and financial models and pursuit cost budgets.
Develop and maintain relationships with local market brokers, lenders, real estate owners/developers, city/university officials, entitlement consultants and other key stakeholders
Keeps abreast of market sales activity, development (supply pipeline) activity, comparative product analysis, zoning and building law changes, political processes, and tenancy laws within the submarket and industry
Support debt and equity financing efforts in providing information and working closely with lenders and capital partners.
Directs third party relationships to complete project design concept and building plans in accordance with approved scope of work.
Completes various financial, administrative, reports and analysis, and performs other duties as assigned or as necessary.
The Qualities and Skills You Possess (Requirements):
Familiar with residential zoning, entitlement, and subdivision requirements in Berkeley submarket
2+ years of actual, specialized development experience
Experience in analyzing residential/multifamily development projects
Ability to manage multiple projects, anticipate and prioritize, while being pro-active and tenacious in a fast-paced start-up environment.
Takes pride and cares about accomplishing results no matter how difficult, by being resourceful and creative.
Must be personable and have the soft skills to build strong relationships
Professional communication skills
Must be a strong communicator when setting expectations and delivering unwelcome news
Have great energy and a positive attitude
What You are Great at (Responsibilities):
Building partnerships and maintaining collaborative relationships internally and externally
Drive execution of acquisition efforts
Support Acquisition & Development teams in due diligence and pre-development to determine feasibility of new projects.
Knowing how to prioritize and re-prioritize execution tasks while managing resources as efficiently as possible to drive results.
Support and develop processes to further improve production, conversion, and efficiency.
Recruit and train new relationships to expand our execution capabilities.
What You can Expect from Valiance:
A fast pace. We have grown our portfolio exponentially over the last several years and will lead new team members to help drive our continual expansion.
An executive leadership team that trusts each other, communicates effectively, and is committed to helping team members grow, both personally and professionally.
A culture focused on developing and investing in team members - coaching, training, and supporting each other to become leaders.
A small company that is quickly expanding where you will play a key role in contributing toward the company culture and how we operate.
An exciting opportunity to grow in the face of many challenges, with a close-knit team of individuals that support one another and are working toward a common goal

Keywords: Valiance Capital, Berkeley , Acquisition & Development Associate, Other , Berkeley, California

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