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Vice President Commercial Real Estate

Company: Shopoff Realty Investments
Location: Irvine
Posted on: November 22, 2021

Job Description:

Shopoff Realty Investments is looking for the absolute best and brightest to join our team of dedicated professionals as a Vice President, Commercial Real Estate at our home office in Irvine, California. This position will oversee analysts and associates, and work alongside other VP level staff, to coordinate, manage, and execute the pursuit, underwriting, and diligence of new investment opportunities. The individual will focus on all property types, and all cycles, (including, existing value-add opportunities, new development, land entitlements, etc.). The VP position will also work with the deal team on post-acquisitions aspects of the property's life cycle to implement value-creation techniques and maximize return. What you will do:

  • Comprehensive leadership on new acquisitions, from sourcing through closing, including underwriting and diligence.
  • Solicit purchase and facilitate sale of portfolio assets. Interface with Executive Vice President, Real Estate in planning portfolio growth opportunities. Assist in due diligence process on new portfolio acquisitions.
  • Inspect assets and prepare valuation for negotiating of new portfolio assets, underwriting for financing and refinancing of assets for the company or its clients.
  • Significant amounts of interfacing with listing brokers for marketing of portfolio assets and oversee implementation of marketing plans. Direct the creation and maintenance of market valuation packages on portfolio assets.
  • Identify and implement opportunities in the portfolio to maximize value and enhance the performance of the portfolio.
  • Review and analyze property operational and financial reports to ensure P&L performance, revenue growth and expense control. Participate in the annual budget process and monitor ongoing portfolio performance.
  • Oversee direct property management and third party management of portfolio properties, including operational issues and review of monthly financial reports for financial status and operating results. Write internal reports in regards to operations for distribution where needed.
  • Establish relationships with brokers, other property owners, economic development agencies and other individuals, public and private, engaged in the industry. What we need :
    • Bachelor's degree or equivalent.
    • 5 years' experience in oversight of operations plus acquisitions, dispositions, and valuation analysis of commercial, light industrial, office and/or multi-family real estate projects.
    • CCIM, IREM, CPM or SIOR designation required.
    • Five plus years of residential land development experience for a land development or home building company.
    • Excellent verbal and written communication skills.
    • Must be detail oriented and self-motivated and able to assemble and manage a development team to maximize project yield both physically and profitably.
    • Excellent computer skills with specific experience in MS applications such as Excel, Word and Publisher required. Microsoft Project, Argus and Lotus Notes are beneficial.
    • Excellent Presentation and Research skills.
    • Strong Analytical and problem-solving skills.
    • Detail oriented and self-motivated and able to assemble and manage a team to maximize profitably. Shopoff Realty Investments (SRI) is a real estate investment firm specializing in offering qualified clients diversified long-term investment opportunities that can be used to create a customized portfolio consistent with their unique financial profiles and goals. SRI has, for 29 years, been known for its industry expertise in all facets of real estate including acquisition, entitlement and development of commercial and retail properties, residential, and multi-family.

Keywords: Shopoff Realty Investments, Irvine , Vice President Commercial Real Estate, Executive , Irvine, California

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