Vice President – Acquisitions

Job Description

Position: VICE PRESIDENT – Acquisitions

LEM Capital (“LEM”) is seeking a high-energy, self-motivated individual with an entrepreneurial spirit to be a Vice President with the acquisitions team, with primary responsibilities related to underwriting investments and originations for the firm’s managed private equity funds. This individual will have the opportunity to join a successful and growing organization where he/she will gain exposure to multifamily real estate transactions nationwide.

Duties will include working closely with the acquisitions team and joint venture partners to evaluate new investment opportunities including underwriting property cash flows, performing market and demographic research, performing on-site due diligence and comparable property analyses, and preparing and presenting internal presentations for the investment committee. Other responsibilities may include assisting with asset management and quarterly asset valuations.

Responsibilities

Primary areas of focus include:

• Investment underwriting, financial analysis, engaging with existing and potential operating partners, formulating value add business plans, due diligence, market analysis and engaging with brokers, owners and local market experts, site inspections, reviewing third party due diligence reports and preparing and vetting renovation budgets and business plans.
• Market, economic and demographic research to evaluate markets and the competitive set of properties for potential investments.
• Preparation of verbal and written presentations to the investment committee.
• Working with senior team members on business development.
  
  

Qualifications

• Bachelor's degree required, preferably with a concentration in finance, real estate, accounting, or economics;
• Ideal candidate will have 4 to 7 years of experience working in real estate private equity, private equity, investment banking, other finance or real estate development. Direct experience in multifamily real estate investment preferred.
• Strong quantitative and analytical skills with advanced Excel modeling skills.
• Strong understanding of all aspects of real estate investment and financing processes including, but not limited to, market analysis, financial analysis, property valuation and capital markets.
• Team player, who works well with others, is organized, proactive, self-directed, conscientious, and assumes accountability and responsibility for specific performance and work product.
• Strong organizational skills and attention to detail with the ability to manage multiple projects simultaneously.
• Ability to communicate clearly and concisely both orally and in writing.
• Ability to identify opportunities and risks that could adversely affect investments and recommend solutions.
• Position will require travel and is based in Philadelphia.
  
  

Competitive base salary and annual bonus and long-term compensation based on individual and firm performance. We also offer an attractive benefits package that includes Health and Dental, Long and Short Term Disability, Life Insurance, 401K Plan, Paid Holidays, Hybrid Work Schedule (3 days in office; 2 days WFH, Work from Anywhere Week), and generous Paid Time Off benefits.

LEM CAPITAL

LEM Capital is a real estate private equity firm made up of multifamily experts who acquire well-located apartment properties where they can add value and increase rents through physical upgrades and improving property management. LEM’s approach is to combine the local, long-term market knowledge and day-to-day management of its nationwide network of operating partners with LEM’s disciplined investment selection, rigorous due diligence process and intensive asset management oversight. Our goal is to deliver attractive risk-adjusted returns to our investors while safeguarding their capital. Since 2002, LEM has raised over $1.8 billion in investor commitments and invested in over $9.1 billion in real estate including acquiring over 27,000 apartment units since 2011.

No phone calls please.

Acquisitions

Due Diligence

Underwriting

Financial Analysis

Research/Market Analysis