Director, Real Estate Development & Acquisitions
Director, Real Estate Development & Acquisitions
Highland Ventures
Brentwood, TN
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Director, Real Estate Acquisitions
Classification: Exempt
Reports to: CEO
Salary range: $175,000 - $210,000
Location: Nashville, TN
Date: February 2024
Job Description
About Highland Ventures
Highland Ventures is a national venture management company focused on strategically developing and operating business subsidiaries centered around its real estate portfolio. A family-owned business, Highland Ventures operates in the real estate and foodservice industries, and continues to grow and add new business ventures. Highland Ventures, under the Legacy Commercial Properties brand, owns over 700 commercial properties primarily in the retail and office asset classes. With internal leasing, property management, and construction & development functions, Highland Ventures is focused on strategically growing its commercial real estate properties, specifically in the retail sector.
Role Summary
The Director of Real Estate Acquisitions will report directly to the CEO and have demonstrated experience and expertise with retail commercial real estate acquisitions.
Responsibilities Include
This is a full-time position. Days and hours of work are typically Monday through Friday 9:00 - 6:00. The home office is located in Brentwood, TN and team members are required to work in the office 5 days per week
Travel
Must be willing and able to travel up to 50% of the time
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice
Classification: Exempt
Reports to: CEO
Salary range: $175,000 - $210,000
Location: Nashville, TN
Date: February 2024
Job Description
About Highland Ventures
Highland Ventures is a national venture management company focused on strategically developing and operating business subsidiaries centered around its real estate portfolio. A family-owned business, Highland Ventures operates in the real estate and foodservice industries, and continues to grow and add new business ventures. Highland Ventures, under the Legacy Commercial Properties brand, owns over 700 commercial properties primarily in the retail and office asset classes. With internal leasing, property management, and construction & development functions, Highland Ventures is focused on strategically growing its commercial real estate properties, specifically in the retail sector.
Role Summary
The Director of Real Estate Acquisitions will report directly to the CEO and have demonstrated experience and expertise with retail commercial real estate acquisitions.
Responsibilities Include
- Identify opportunities in target cities and neighborhoods, with a current primary focus on unanchored strip centers and NNN standalone development
- Lead acquisitions team in site selection, tenant communication, diligence process, and closing process
- Create and maintain a strong real estate acquisitions and development pipeline, with a target of ~20 properties acquired annually
- Manage site selection for standalone and multi-tenant properties for development and acquisition
- Lead team of 2-3 acquisitions associates
- Maintain positive financing relationships with national and regional lenders
- Manage internal Investment Committee process to approve deals and keep executive team informed
- Put proper diligence process in place to allow for effective valuation for multiple concurrent projects
- Lead the financial analysis of each potential acquisition and present to the Investment Committee
- Structure and negotiate each unique real estate transaction to limit downside risk to Highland Ventures
- Assist on the new development and deal structuring of existing deals on properties in the current Legacy portfolio
- Continue to work with the executive team to refine asset class acquisitions strategy to further grow the Highland Ventures’ portfolio
- Enhance team efficiency by encouraging communication between cross-functional departments, including leasing, property management, and construction
- 10+ years experience within real estate acquisitions
- Undergraduate Degree, preferably in a related field
- Preferred past experience in finance
- Experience in transaction, deal-to-deal closure, acquisitions, and financial analysis
- Experience with cross-functional and direct coordination of teams
- Track record of retail development projects
- Knowledge of state regulations and policies related to development
This is a full-time position. Days and hours of work are typically Monday through Friday 9:00 - 6:00. The home office is located in Brentwood, TN and team members are required to work in the office 5 days per week
Travel
Must be willing and able to travel up to 50% of the time
Other Duties
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice
-
Seniority level
Director -
Employment type
Full-time -
Job function
Sales and Management -
Industries
Retail
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