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Bisnow Media

Director of Development and Acquisitions

Posted Yesterday
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Hybrid
3 Locations
160K-190K Annually
Senior level
Hybrid
3 Locations
160K-190K Annually
Senior level
Lead multi-family affordable housing development projects from feasibility to close, evaluate property acquisitions, and oversee project management processes.
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The Director of Development and Acquisitions will lead efforts to identify, structure, and execute multi-family affordable/workforce housing development projects, while also supporting selective acquisition opportunities. The role emphasizes the full development lifecycle—from feasibility to close—within the West Coast markets (California, Washington and Oregon).

Job Responsibilities

  • Development Leadership:
  • Lead real estate development projects from concept through completion.
  • Conduct feasibility studies, entitlement strategy, budgeting, and financial modeling.
  • Oversee third-party consultants, architects, engineers, and contractors.
  • Coordinate with internal teams for design, construction, finance, and asset management.
  • Ensure adherence to BRIDGE’s high quality and affordability standards.
  • Real Estate Acquisitions (Support Function):
  • Evaluate potential property acquisitions aligned with BRIDGE’s mission.
  • Underwrite and analyze acquisition deals, negotiate LOIs and PSAs.
  • Work with legal counsel and Capital Markets Group to close transactions.
  • Financial/Legal/Administrative:
  • Prepare and validate pro formas, budgets, and deal assumptions.
  • Complete financing applications and manage the closing process.
  • Collaborate with legal on all transaction documents.
  • Collaboration:
  • Partner with Property Management, Asset Management, Capital Markets, Legal, and outside stakeholders.
  • Support cross-functional development and acquisition initiatives.

Qualifications

  • Bachelor’s Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred.
  • 7–10 years of experience, with a strong emphasis on affordable housing development.
  • Experience in the Los Angeles real estate market is preferred.
  • Proven success in project delivery, deal structuring, and public/private financing tools (LIHTC, tax-exempt bonds, etc.).
  • Strong analytical, project management, and communication skills.
  • Extensive hands-on experience in the underwriting and financing of affordable housing projects, including the use of typical financing sources such as low-income housing tax credits, tax exempt bonds, HOME, CDBG, HUD Section 202, etc.
  • Experience with acquisition of HUD at-risk properties, HOPE VI and/or homeownership developments.
  • High level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactions.
  • Past personal involvement in reading and negotiating legal documents.
  • Excellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely information.
  • Experience reviewing and negotiating legal documents.

Top Skills

Cdbg
Development Lifecycle
Financial Modeling
Financing Tools (Lihtc
Home
Hud Section 202)
Real Estate
Tax-Exempt Bonds

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