Acquisition & Development Associate
Company: Valiance Capital
Location: Berkeley
Posted on: May 14, 2022
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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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