Director of Development and Acquisitions
San Diego / San Francisco / Los Angeles
SelectLeaders – SelectLeaders Directors /
Full-Time /
Hybrid
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.
$160,000 - $190,000 a year
