Managing Director

Summary

Join RealtyMogul as a Managing Director to lead and expand RM Communities, our multifamily acquisition business. You will oversee all aspects of the business, from sourcing and closing deals to managing a team of professionals. This role requires at least 15 years of experience in multifamily real estate acquisitions and asset management. You will be responsible for the P&L, building relationships with capital partners, and representing RM Communities to investors. The ideal candidate is a strategic thinker with strong negotiation skills and a proven track record of success. This is a high-impact role with significant responsibility for growing a substantial part of RealtyMogul's business.

Requirements

• Minimum of 15 years in multifamily real estate with a proven track record of acquiring and asset managing assets
• Bachelor's and/or master’s degree in finance, Real Estate and/or Economics preferred
• Excellent computer skills with MS Office including Word, Excel and PowerPoint
• Self-starter and highly motivated with the ability to multi-task and manage multiple relationships and deals at once
• Deep negotiation expertise on PSAs, JVs, loan agreements
• Strong capital partner relationships for multifamily real estate

Responsibilities

• Develop and execute the strategic roadmap to scale RM Communities’ business; sit on Executive Leadership team of RealtyMogul
• Full P&L responsibility for the RM Communities direct acquisition business
• Hire, manage and mentor the team, including acquisitions, underwriting and asset management professionals
• Alongside Director of Acquisitions, leverage existing brokerage relationships to source and close multifamily acquisitions
• Review deal-level underwriting and sit on Investment Committee to approve transactions
• Manage DD process for acquisitions and approve all deals for release of escrow
• Alongside Director of Investments, foster, establish, and maintain strong relationships with capital partners including family offices, HNW individuals and funds to raise capital for RM Communities deals; manage information sharing with capital partners to include underwriting, business plans and results of due diligence
• Work with RealtyMogul marketing and investor relations to continuously grow high net worth investor relationships through the RealtyMogul online platform
• Alongside VP of Asset Management, ensure performance of assets is within budget and manage refinancing and dispositions
• Work with legal counsel to negotiate legal agreements including term sheets, PSAs, operating agreements and joint venture agreements
• Work with brokers, lenders and counsel to structure and negotiate debt for each acquisition
• Act as the face of RM Communities, representing the firm at conferences and hosting quarterly webinars alongside team for prospective investors about state of the multifamily market & RM Communities’ portfolio

Preferred Qualifications

• Experience with 1031 exchanges and TICs/DSTs a plus
• Experience in RM Communities target markets – Ohio, Michigan, Virginia, Arizona, North Carolina a plus