Acquisition Manager

Acquisition Manager Hot Job Hybrid • Skokie Home Office LSMSK - Skokie, IL 60077 Apply Overview Salary Range $110,000.00 - $140,000.00 Salary/year Level Management Position Type Full Time Job Shift Day Education Level 4 Year Degree Travel Percentage Negligible Category Admin - Clerical Apply Description SCOPE: Reporting to the VP of Asset Management, the Acquisition Manager will be responsible for managing all phases of the acquisition process from initial review through post-closing performance. The ideal candidate will have at least 7 years’ proven experience in a dynamic acquisition’s role. RESPONSIBILITIES: Initial Phases Lead the underwriting process for potential acquisitions Ensure accuracy, consistency, and high-quality of data and information Summarize and make recommendations to senior leadership and/or IC Assist with broker discussions, negotiations, LOIs and PSAs Due Diligence Lead the inspection and evaluation process Coordinate with sellers, third parties, and internal resources Validate underwriting assumptions, physical condition, etc. Analyze historical and comparable performance and identify value-add opportunities Identify and seek to mitigate any risks, e.g., tax exposure, deferred maintenance Prepare formal and informal deal updates for senior leadership and/or IC Support execution of financing, closing, handover to ops, and post-closing reviews Prospecting Lead outreach to and manage relationships with potential sellers Update databases of target properties, contact info, etc. Complete market analytics, including travel to see sites and meet potential sellers Other Help refine models, checklists, and other tools used in all processes Foster collaborative interdepartmental relationships Ensure business plans are well-documented and analyze post-closing performance Train, manage, and mentor analyst/associate roles Other ad hoc Qualifications QUALIFICATIONS: Bachelor’s degree in real estate, finance, economics, or similar field Minimum 5-7 years of experience, majority in real estate and/or acquisitions Highly proficient in achieving results and independently assessing opportunities. Demonstrated ability to lead others, meet deadlines, synthesize takeaways. Highest level of personal and professional integrity Excellent written communication skills FLSA CLASS: Exempt REPORTS TO: VP of Asset Management SUPERVISORY RESPONSIBILITIES: Yes JOB CATEGORY: Asset Management POSITION CLASS: Acquisition Manager COMPETENCIES: Treats everyone with respect, compassion and kindness – Builds internal respect and loyalty with customers. Demonstrates concern for customers. Effectively responds to customer needs. This includes responding timely to requests, listening to others, and seeking to understand others when there are differences of opinion, finding ways to build on each other’s ideas. Acts with empathy and focus, while able to resolve problems. Demonstrate integrity, transparency and doing things the right way – Makes lemonade out of lemons. This includes following policies, demonstrating financial responsibility with Lakeshore assets, complying with state and federal law, and practicing safety. Conforms to the highest professional standard. Turns challenges into wins. Collaboration and team work – Involve key stakeholders in decision making. This includes developing and maintaining positive work relationships. Enhances the level of mutual cooperation. Actively participates in team-oriented objectives and activities. Focuses on team success, over individual. Solves problems and is transparent about outcomes – Champions new initiatives beyond the scope of the department. Seeks to improve in all aspects of work performance. Creates an environment of continuous improvement and innovation. Encourages people to maintain high standards of quality and thoroughness. Serves our employees and residents to improve their lives – This includes maintaining the property that creates curb appeal, a welcoming community environment, supports individual and family activities, creates a sense of neighborhood. At work, continually challenges self to grow and develop to be the best you can be at work. PHYSICAL REQUIREMENTS: Frequently required to sit ; Occasionally required to talk or hear ; While performing the duties of this job, the noise level in the work environment is usually moderate; Occasionally required to lift up to 10 pounds. COMPENSATION: $110,000. - $140,000.00/Yr (Based on experience) LOCATIONS: Skokie, IL (Home Office) Lakeshore Management is an equal opportunity employer. Qualified applicants will receive consideration without regard to age, race, color, religion, sex, gender identity, sexual orientation, disability, national origin, or protected veteran status. Applicants are encouraged to confidentially self-identify when applying. Employment is contingent upon successful completion of background investigation. Lakeshore is a smoke-free and drug-free workplace for the purpose of safety and health. Pre-employment drug screening is required. No recruiters or agencies without a previously signed contract. Only candidates whose profiles closely match requirements will be contacted during this search. Job ID: 41211