Director of Development and Acquisitions

Director of Development and Acquisitions

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.

Compensation

$160,000–$190,000 per year