Gilbane Development · 4 months ago
Senior Acquisitions Manager
New York, NY
Full-time
Onsite
Senior Level, Lead/Staff
$225K/yr - $300K/yr
8+ years expGilbane Development Company is seeking a Senior Acquisitions Manager to join their Affordable & Mixed-Income development team. The role involves leading the acquisition of existing affordable housing projects, leveraging analytical skills to shape decisions, and ensuring successful project execution from conception to completion.
ConstructionProperty ManagementReal EstateReal Estate Investment
Responsibilities
Lead the sourcing, identification, underwriting, acquisition and execution of affordable housing acquisition projects (including Section 8 and LIHTC executions/resyndications), managing proformas, schedules, and resources effectively
Build relationships with brokers and market participants to generate sourcing opportunities
Develop a deep understanding of how to make affordable acquisitions deals financially successful
Work closely with HUD for assignment and assumption of Section 8 contracts, approval of Mark-Up to Market, and any required financing
Work in partnership with applicable state and local agencies to obtain required approvals, resources and financial resources
Compile due diligence information, including financial, market, site, and regulatory data
Analyze and compare complex partnership agreements and cash flow waterfalls
Negotiate partnership agreements with joint venture partners and equity providers
Work collaboratively with the Senior Vice President to develop short- and long-term strategies to expand the affordable acquisitions platform
Complete applications and documentation necessary for debt and equity financing, property purchase and sale, and government subsidy renewal
Work with counsel to negotiate all real estate transaction related documents, including purchase and sale documents, loan documents, equity investment agreements, and operating agreements of all types
Validation and defense of budgets, assumptions, and proforma analysis
Build, coordinate and lead internal team members and external consultants through conceptual design and entitlements leading to construction documents
Perform, coordinate and / or lead pre-acquisition work such as drafting letters of intent, creating initial proformas, developing preliminary renovation scopes of work, and obtaining preliminary feedback from debt and equity providers
Supervise and lead staff. Mentor and develop team members, fostering a culture of excellence, innovation, and accountability. Complete employee evaluations of assigned staff annually and interim evaluations as required
Qualification
Required
BS or MS in Real Estate, Business, Finance, Marketing, Civil Engineering, Architecture, or related field
8+ years of experience in multifamily real estate acquisitions with an emphasis on Section 8 and LIHTC executions/resyndications
Extensive experience with Section 8, Mark-Up to Market, agency financing, and LIHTC executions
Strong quantitative, financial analysis and modeling (excel) skills
Exceptional research and writing abilities
Strong project management skills and follow-through
Ability to multi-task and prioritize appropriately in a constantly changing environment with a sense of urgency and accountability
Highly driven and values entrepreneurialism; works well within ambiguity
Exceptional attention to detail
Some travel required
Preferred
Strong broker relationships with firms who specialize in marketing Section 8 assets
Existing relationships with LP equity providers
Experience acquiring properties in multiple states
Benefits
Competitive health and welfare benefits
Generous profit-sharing/401k plan
Education investment through Gilbane University
Company
Gilbane Development
Gilbane Development is a real estate firm focused on development, investment, and property management. It is a sub-organization of Gilbane, Inc.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Paul Naughton
Partnership Development | Start up Implementation | Strategic Advising | Operations
Robert Gilbane
Chairman & Founder
Recent News
2025-12-24
Hartford Business Journal
2025-11-16
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