Vice President, Acquisition and Asset Management - Manufactured Homes

Job Locations US-UT-Sandy, Utah
Posted Date 6 months ago(1/17/2020 10:46 AM)
Job ID
2020-2284
# of Openings
1
Department
Asset Management

Company Info

Bridge Investment Group is a leading privately held real estate investment and property management firm with over $20 billion in assets under management. Bridge pursues investment opportunities in targeted real estate sectors that offer attractive returns including current income and capital appreciation.  Its real estate activities encompass the acquisition, financing, property management, optimization and disposition of real assets and CRE-backed fixed income securities. The Company operates in five targeted verticals; multifamily/affordable housing, office, seniors housing, opportunity zone investments and CRE-backed fixed income, and has specialized investment teams focused on each of these areas to generate above-market returns for its investors.

Bridge Culture

Bridge is well-regarded for its high integrity and collaborative leadership culture that rewards both individual thinking and team decision making.  Our leadership are seasoned professionals who bring their vast experience and high standards of excellence to their work.

Given our horizontal scope and vertical integration, Bridge professionals are empowered to work across functional teams. As a result, they are deeply specialized and highly versatile with a clear understanding of how their roles fit into a broader context.

Our leaders value career development and take seriously the role they play in developing next-generation leaders.  Bridge professionals embody accountability and seek to deliver high-quality results through creativity and innovation.  We cultivate a diverse and inclusive culture of disciplined analysis and action; we believe that diversity is the only path to superior performance.

Position Info

The Vice President of Acquisitions & Asset Management will have oversight of the full lifecycle of an asset--from sourcing to disposition—focused on manufactured home communities. The Vice President of Acquisitions & Asset Management will have oversight responsibilities of a team of associates and analysts in executing the group’s business plan.

 

Responsibilities:

  • Underwrite manufactured home community acquisition opportunities.
  • Review market data and play a key role in determining key assumptions, including timing, costs, rents, operating budgets, leverage, cap rates, etc.
  • Originate manufactured home community acquisitions  through personal contacts in the industry and through strategic outreach.
  • Perform extensive due diligence on deals put under LOI, including reviewing zoning/entitlements, environmental, construction costs, taxes, insurance, title/survey, etc., working with third parties and internal resources to determine risks.
  • Oversee and manage manufactured home community assets while under ownership and through disposition
  • Enhance work processes in a quickly-growing group.
  • Write thoughtful and thorough investment memoranda for Bridge’s investment committee.
  • Participate in investment committee meetings including conducting presentations and leading strategic conversations with executives.

 

Qualifications

  • 5-10 years of relevant experience making and managing real estate investments
  • Bachelor's degree in finance, economics, or business preferred
  •  Keen analytical and financial modeling capabilities, with excellent Excel and Argus skills
  • Strong writing and organizational skills
  • Experience managing relationships with joint venture partners
  • Ability to thrive in a fast-paced environment, work independently and take initiative

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