Head of West Coast Transactions

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Job description

Job Description

NOTE:This job description may not be inclusive of all assigned duties, responsibilities, education, training, experience, geographic location, or aspects of the job described, and may be amended at any time at the sole discretion of the Employer.

JOB SUMMARY:

* Reporting to the SVP of National Transactions, the Head of West Coast Transactions will source, underwrite, and close on primarily multifamily opportunities, with a focus on the Western US.
* Opportunities will range from ground-up development to value-add, with some special-situation investments such as covered land and LP investments.
* The Head of West Coast Transactionswill be responsible for sourcing, organizing, screening, and prioritizing the pipeline of acquisitions opportunities, preparing financial valuations and investment analysis, and overseeing due diligence and the investment committee process.
* The Head of West Coast Transactionswill partner with Aimcos finance team, development team, and other Aimco business partners to provide investment opportunities. new properties.
* The Head of West Coast Transactions will developvigorous reporting and presentations for the executive management team, investors, and the Board of Directors.
* The Head of West Coast Transactions closely monitors and scrutinizes all transaction activity, including initial evaluation, underwriting, due diligence, closing, onboarding, and stabilization.

ESSENTIAL FUNCTIONS:

The Head of West Coast Transactions is responsible for:

* Implementation, communication, and administration of Aimcos West Coast Transactions strategy;
* Developing acquisition and/or disposition strategies/procedures and identifying potential partners;
* Ensuringthat the teams focus supports the organizations strategic objectives;
* Overseeing the underwriting, offering, contract negotiation, and due diligence processes for transactions and preparing and presenting of Investment Committee materials;
* Negotiating, originating, and documenting new acquisitions and/or dispositions;
* Preparing financial analysis/modeling;
* Reviewing appraisals, valuations, and cash flow projections;
* Assessing the performance of properties;
* Assistingin developing acquisition and/or disposition procedures;
* Relying on extensive experience and judgment to plan and accomplish goals;
* Leading and directing the work of others.

EDUCATION & EXPERIENCE:

* Bachelors Degree required in the area of specialty or equivalent experience.
* Minimum of 10+ years of experience in the field or in a related area.
* MBA, CFA, or Masters in Real Estate, Finance, or related field are highly desirable.

QUALIFICATIONS:

* Familiar with a variety of the fields concepts, practices, and procedures.
* Familiarity with the West Coast with deep-rooted ties and networks
* 10+ years experience in Real Estate Transactions, with an integral understanding of the transaction process (ex. Sourcing, underwriting, and closing) and structures (ex. O.P. Units, Joint Ventures, Waterfalls, Partnership Agreements, etc.)
* Strong capability to analyze complex business and financial data and to develop inventive resolutions.
* Opportunistic, resourceful, value-adding, quick-witted, outgoing, self-starter, self-managed.
* Ability to travel up to 50-60% of the time.
* Must live in or be willing to relocate to the Los Angeles area or San Francisco Bay Area.

WORK ENVIRONMENT:Office or work from home environment. The physical demands described here are representative of those that must be met by the team member to successfully perform the essential functions of this job. While performing the duties of this job, the team member is frequently required to sit, talk or hear. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and the ability to adjust focus. Reasonable accommodations will be made to enable team members with disabilities to perform the essential functions, and team members who believe they need such accommodations should contact Human Resources.

ADDITIONAL INFORMATION

* The expected base pay rate is$190,000-$240,000 ANNUAL SALARY + ANNUAL SHORT- AND LONG-TERM INCENTIVE OPPORTUNITY, WITH *ADDITIONAL SUBSTANTIAL VARIABLE INCENTIVE OPPORTUNITY BASED ON TRANSACTIONS.

* The candidate for this role who is selected will be provided a pay rate that is in line with their skills and experience, as they relate to the requirements of the job.

BENEFITS & PERKS

At Aimco, we believe our team members are our number one asset. Because of this, we strive to offer top-notch benefits, including:

* Comprehensive medical, prescription, vision, and dental coverage, with AIMCO PAYING 90% OR 95% OF TEAM MEMBER MEDICAL CARE PREMIUMS DEPENDING ON THE SELECTED PLAN.
* LOW MONTHLY PREMIUMS AND LOW DEDUCTIBLE PLANS ARE available. Team members may choose from an HSA or PPO healthcare plan.
* The opportunity to participate in an HSA (Health Savings Account) with an ANNUAL COMPANY CONTRIBUTION.
* COMPANY-PAIDlife insurance and COMPANY-PAID short- and long-term disability. Additional supplemental plans are available.
* A robust EAP (Employee Assistance Program).
* Up to a 4% 401(K) company-paid match.
* Tuition Assistance Program.Up to100% REIMBURSEMENTon Professional Certification/Licensing for Job Related Curriculums.
* 15 hours of paid time annually to give backTO YOUR COMMUNITY.

At Aimco, we also believe that our team members families are our team members number one asset, and because of that, we also offer:

* Paid Vacation, 10 Paid Holidays,Wellness Bonus Days,and Paid Sick Time.
* PAID PARENTAL LEAVEof up to 16 weeks, following the birth or adoption of a child.
* Ability toWORK FROM HOMEwith manager approval.

Aimco recognizes that we live and work in unprecedented times due to the impacts of the COVID-19 pandemic. Aimco continues to follow the CDC recommended workplace guidelines for COVID-19 policies to provide a safe environment to work, including temperature checks, daily cleaning, and sanitizing, recommending vaccinations and/or mask-wearing, free antigen tests, etc.

Aimco strives for continuous improvement. This focus extends throughout our business and is especially true in our longstanding commitment to corporate responsibility. Read Aimcos Corporate Responsibility Report on our webpage at

_Aimco values diversity andprovides equal employment opportunities to all employees and applicants for employment. Aimco prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws._