Vice President, Acquisition And Development
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Overview
Job Description
About Legacy Partners:
Legacy Partners is a privately held real estate firm that owns, develops, and manages multifamily communities throughout the United States. Since 1968, we have developed more than 78,000 apartment homes and have worked with some of the world's largest financial institutions, life insurance companies, and real estate companies. In addition to development, Legacy Partners provides management services for our own portfolio and other owners. Combined, we manage a portfolio of over 50 multifamily communities with more than 12,000 apartment homes with a gross value in excess of $3 billion.
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Job Summary:Assist Senior Managing Director with long-range plans to achieve growth and financial profitability through multi-family residential acquisitions and development. Responsible for underwriting all site acquisitions and development projects throughout the Texas region. Coordinate due diligence, predevelopment, entitlements, design, asset management and all other development functions related to the development of multifamily communities. Evaluate and recommend deal structures as well as capitalization to maximize earnings and cash flow.
Key Responsibilities:
Identify and evaluate new development opportunities.Manage due diligence, zoning, permits, and regulatory approvals.Perform financial analysis and support project approvals.Coordinate all phases of development, from planning and design through construction and completion.Collaborate with internal teams and oversee architects, contractors, and consultants.Obtain required inspections and maintain relationships with municipalities and other agencies.Manage capital projects and support asset management activities.Monitor project budgets, schedules, and reporting requirements.Ensure lender compliance and reporting requirements are met.Successfully manage multiple projects at one time (5-7 projects).Travel as needed.
This job description is not intended to be all-inclusive, and the employee will also perform other reasonably related business duties as assigned by the immediate supervisor and other management as required. This job description does not constitute a written or implied contract of employment.
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Additional Compensation:
Many factors go into determining employee pay within the posted range, including business requirements, prior experience, current skills, and geographical location.
In addition to the base salary, this role may be eligible to participate in a bi-weekly, monthly, quarterly, or annual bonus program based on individual and company performance.
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Summary of Benefits*:
Comprehensive Health Coverage-Medical, dental, vision, long-term disability, group life, and accidental death and dismemberment insurance. A Health Savings Account (HSA) with employer match is available for those enrolled in medical coverage. Benefits are offered for employees with a regular work schedule of 30+ hours per week.
Paid Sick Leave- 1 hour accrued per 30 hours worked (max 120 hours).
Vacation Time- Accrued based on hours worked (up to 120 hours in the first five years), with additional accrual over time.
10 Paid Holidays Per Year
Paid Jury Duty & Bereavement Leave
401(k) with Company Match- Eligible after 90 days of employment with employer contribution.
Special Perks & Recognition- Anniversary rewards and sail-away days.
A housing discount (generally 20%) may be available when living and working at the same site and when there is an open slot-the number of discounts is limited. A New Hire must meet rental qualifications to rent.
- A detailed description of all benefits will be shared upon onboarding.
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