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Acquisitions Manager

EVERGREEN REAL ESTATE SERVICES LLC
Posted 3 months ago, valid for 22 days
Location

Chicago, IL 60678, US

Salary

$110,000 - $125,000 per year

Contract type

Full Time

Life Insurance
Disability Insurance
Employee Assistance
Flexible Spending Account

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Sonic Summary

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  • The Acquisitions Manager position at Evergreen Real Estate Group in Chicago, IL offers a salary range of $110,000 to $125,000 plus a bonus structure.
  • The role involves sourcing, underwriting, and structuring investments focused on attainable housing for working households.
  • Candidates are required to have a bachelor's degree and at least 5 years of experience in real estate investments, private equity, or finance.
  • Key responsibilities include financial analysis, investment sourcing, and managing relationships with various stakeholders.
  • The position operates in a hybrid work environment, requiring in-office attendance three days a week and domestic travel for meetings and site visits.

Job DetailsJob Location: Evergreen Real Estate Group - Chicago, IL 60661Position Type: Full TimeSalary Range: $110,000.00 - $125,000.00 SalaryJob Shift: DayTitle: Acquisitions Manager  Department: Capital Markets  Reports to: Director of Capital Markets  Location: Chicago, IL (Hybrid) Salary: $110,000-$125,000 + Bonus Structure Benefits Evergreen Real Estate Group offers a comprehensive benefits package, including medical, dental, and vision coverage (UnitedHealthcare, Delta Dental, EyeMed), company-paid life and disability insurance, a 401(k) with company match, HSA/FSA options, and an Employee Assistance Program. Job Summary  The Acquisitions Manager will help lead the sourcing, underwriting, and structuring of investments for Evergreen’s Attainable Housing investment strategy. This strategy focuses on acquiring, preserving, and managing affordable and attainable housing for working households while delivering strong risk-adjusted returns for investors. Target investments will be characterized by the following:   Naturally Occurring Affordable Housing (“NOAH”) assets (older properties that are typically market-rate but priced below new Class A product making them affordable for residents making between 60% and 120% AMI).   Rent restricted/subsidized housing assets with a “regulatory” value-add opportunity.   Market rate assets where rents can be restricted to preserve affordability in exchange for economic benefit.    The position requires the candidate be a self-starter with a strong drive to generate proprietary deal flow, strong real estate investment expertise, financial modeling skills, and a basic understanding of housing affordability dynamics, public-private partnerships, and impact-oriented investing.   Key Responsibilities  Investment Sourcing & Origination  Exhibit a strong “hunter” mentality with a willingness to pursue opportunities through persistent outreach and follow-up.   Drive new deal flow through proactive prospecting, cold outreach, and direct owner engagement.   Relentlessly pursue new acquisition opportunities in competitive markets  Build relationships with owners, operators, municipalities, and housing agencies.   Maintain a pipeline of attainable housing opportunities aligned with investment strategy.     Financial Analysis & Underwriting   Lead underwriting of potential investments including financial modeling, market analysis, and risk assessment.   Evaluate deal structures including equity, preferred equity, and joint venture structures.   Prepare investment memoranda and present opportunities to the Evergreen ISG.     Fund & Portfolio Management   Work with asset management team to monitor and manage portfolio investments including performance tracking, reporting, and asset strategy.   Work with asset management team to optimize financial and social outcomes.   Track key impact metrics such as affordability levels, tenant income bands, and rent-to-income ratios.     Capital & Investor Relations   Support capital raising by helping to prepare investment materials for individual deals, investor presentations, and performance reports.   Respond to investor due diligence requests.   Participate in investor meetings and fundraising efforts as needed.     Partnerships & Policy Engagement  In alignment with Evergreen’s Vice President of Public Partnerships, coordinate with public agencies, housing authorities, and nonprofit partners.   Evaluate subsidy programs, tax incentives, and financing structures including tax-exempt bonds, housing trust funds, and Opportunity Zones.     Market Research & Strategy   Analyze housing affordability trends, supply constraints, and demographic drivers across Evergreen’s footprint and identified target investment markets for attainable housing strategy.   Help identify innovative financing solutions to scale attainable housing investment platform.     Education & Experience  Bachelor's degree in real estate, Finance, Economics, Urban Planning, or relevant field.   5+ years of experience in real estate investments, private equity, development, or finance.   Experience with market rate housing or affordable housing financing structure is a plus     Skills  Strong relationship-building and communication skills   Advanced financial modeling and underwriting skills.   Experience with deal negotiation and deal structuring.   Ability to manage multiple investments and stakeholders.   Excellent presentation and communication skills.   Knowledge of affordable housing policy and financing programs is a plus.   Strategic thinking and market insight.   Strong analytical and problem-solving capabilities.   Impact-oriented investing mindset.     Work Environment & Physical Demands   Hybrid work environment: In-office on Monday, Wednesday, and Thursday; remote work on Tuesday and Friday.   Domestic travel required for investor meetings, deal sourcing, and site visits.     Qualifications




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