Senior Director, Acquisitions (Germany) (m/f/d)
IMMO Investment Technologies
Sales & Business Development
Germany
Posted on Monday, June 19, 2023
IMMO is Europe's first technology-powered residential real estate platform, designed to create portfolios of existing single-family rental (SFR) and multifamily housing (MFH). Our proprietary technology allows us to unlock investment access to 98% of the residential market currently being overlooked, at scale and speed. At the same time, we offer better solutions to consumers – empowering homeowners with quick and transparent sales, and providing a next-gen renting experience for our residents to enjoy living in beautiful homes. With technology in our DNA, data is at the heart of decision-making, and we do things sustainably by up-cycling existing properties that are responsibly retrofitted. IMMO has been awarded “Tech Pioneer” by the World Economic Forum and has been titled “Real estate asset manager of the Future” by Goldman Sachs.
We are 170+ strong with experienced professionals working across our integrated residential ‘value chain’: sourcing and acquisitions, refurbishment, lettings, property management, and portfolio management. Our team includes successful entrepreneurs and industry leaders from WeWork, Goldman Sachs, Roundhill, Morgan Stanley, Barclay, Google, and many others – and we are growing, fast.
IMMO exists to solve a fundamental human need: We aim to create and scale a residential ecosystem that is socially-responsible, safe, well-managed and fairly-priced. We’re funded by institutional investors and supported by a diverse, globally distributed with teams in UK, Germany, Spain, and India.
To further our mission, we’re looking for a creative problem solvers that would like to develop the next big innovation within the real estate industry.
You will be responsible for supporting the strategic planning, execution, and management of real estate acquisitions for our organization. You will work with a team of professionals and work closely with senior management to identify, evaluate, negotiate, and close real estate investment opportunities. The successful candidate will have a strong background in real estate acquisitions, exceptional analytical skills, and a proven track record of successful transactions.
You will
- Support the Acquisitions team for the execution of capital deployment within the residential real estate market and all related processes, including leading work in preparation for weekly Sourcing team meetings and Review Committee meetings
- Work with IMMO’s data science markets intelligence team and Investment (Product) Managers, to create and drive our country and city level approach to sourcing and acquisition underwriting and investment strategies
- Support transaction management and post-merger integrations of property portfolios and corporate real estate management teams. Defining and drafting the bid strategy, bid scoring model, business plan / funding plan.
- With the Product & Tech teams, support the development of Acquisition related tech products and tools
- Support and develop the acquisitions team’s underwriting and acquisition processes to rapidly deploy investor capital and scale up portfolios
- Assist the team working with IMMO’s Product & Tech functions to develop IMMO’s ACQ products eg. digitizing asset underwrites.
- Help drive the ACQ team’s x-functional collaboration with our Asset Management, Biz Ops, Tech & Product teams to develop both internal processes and tech tools to help scale the business
- Advise and support clients on all aspects of real estate- (finance) related business matters.
- Support Real Estate Due Diligence and undertaking a business review on behalf of lending banks mergers or acquisitions.
- Writing business cases for capital projects. Funding; selection of financial institution, term sheet negotiations, security package, financial close support.
- Support strategy and real estate decisions in terms of acquisition and disposal advice.
- Support stakeholders with planning and underwriting of solutions, disposal strategies, increasing rentability, investigating redevelopment potential, implementing cost reduction schemes, strategic and operational restructuring and increasing operating capital.
You have
- Excellent German & English spoken & written communication skills
- You are experienced in real estate financial modeling and underwriting, and experience working on transactions
- You enjoy deal execution and have experience supporting teams to deploy investor capital within an institutional / professional investment environment eg. fund manager, investment bank, PE fund
- You thrive in a fast-paced, challenging and collaborative environment
- You are data-driven, analytical and detail oriented, experienced in market/competitive analysis, assessing business models.
- You are a problem solver and a self-starter who takes initiative, responsibility and leads by example
- You are able to think in terms of how to build processes and operations to allow our acquisitions team to underwrite hundreds of properties a week!
- Flexibility to travel around Germany
We believe that the way to create exceptional products is by having diverse talent and creating an inclusive workplace. We encourage people with diverse backgrounds and experiences to join us.
If this opportunity excites you, apply now!