CEO
Real Estate Investment Company - Greater San Diego Area
Company Description
Southern California private real estate investment company investing in retail and restaurant properties as well as development joint ventures seeks a CEO/COO. With almost four decades of growing success, firm has earned a strong reputation for being a sophisticated, responsive, and flexible investor. Firm is closely held with approximately $500 million in assets.
Job Description
Purchase and Sales
· Work on all aspects of purchase and sale agreements for approximately 20 transactions per annum; due diligence including: title, leases, survey, environmental, engineering, pro formas and IRR with CFO, tax assessment and 1031 assessment with CPA; visiting site; handle all steps of closings (sale leasebacks; build-to-suit transactions and JV’s); overseeing all aspects of financing, construction draws where applicable (with Controller and CFO); lease negotiation; execution of deal; short term and long term financing.
· The typical purchase requires sifting through multiple offerings and calls. Identifying the suitable properties, which range from $300k to $10 million, submitting Letters of Intent, with the support of acquisition manager, preparing and negotiating contracts.
· Outreach to developers and new projects, meeting with prospective and existing partners.
· Work with CFO to reposition portfolio with sales and acquisition of properties and recasting leases.
· Handle all aspects of the determining and actual sale of approximately 15 single tenant properties per annum. Lead sales marketing efforts of single tenant properties:
· Marketing
· Negotiating Broker contracts
· Negotiating Purchase & Sale Agreements
· Due diligence package review
· Actually completing closings
· Completing 1031 Exchanges
· Seller carry-back financing with taking into account 1031 issues
Property Management
· Property management including dealing with:
· Lease terminations, demand letters
· Bankruptcy and bankruptcy issues during completion of the projects.
· Oversee property tax collections, payments and reimbursement from tenants
· Insurance
· Rent collection
General
· Responsible for investor relations.
· Responsible for a part of lender relations with CFO and principals on all credit facilities.
· Familiarity with bankruptcy, re-negotiation of leases with outside counsel.
· Oversee staff of 11. Institute better practices and employee appreciation practices.
Additional Information
Type: Full-time
Experience: Executive
Functions: Management
Industries: Real Estate