Director of Development and Acquisitions

The Director of Development and Acquisitions will lead efforts to identify, structure, and execute multi-family affordable/workforce housing development projects, while also supporting selective acquisition opportunities. The role emphasizes the full development lifecycle—from feasibility to close—within the West Coast markets (California, Washington and Oregon).

Job Responsibilities

• Development Leadership:
• Lead real estate development projects from concept through completion
• Conduct feasibility studies, entitlement strategy, budgeting, and financial modeling
• Oversee third-party consultants, architects, engineers, and contractors
• Coordinate with internal teams for design, construction, finance, and asset management
• Ensure adherence to BRIDGE’s high quality and affordability standards
• Real Estate Acquisitions (Support Function):
• Evaluate potential property acquisitions aligned with BRIDGE’s mission
• Underwrite and analyze acquisition deals, negotiate LOIs and PSAs
• Work with legal counsel and Capital Markets Group to close transactions
• Financial/Legal/Administrative:
• Prepare and validate pro formas, budgets, and deal assumptions
• Complete financing applications and manage the closing process
• Collaborate with legal on all transaction documents
• Collaboration:
• Partner with Property Management, Asset Management, Capital Markets, Legal, and outside stakeholders
• Support cross-functional development and acquisition initiatives
  
  
  

Qualifications

• Bachelor’s Degree in Real Estate, Finance, Urban Planning, or related field; advanced degree preferred
• 7–10 years of experience, with a strong emphasis on affordable housing development
• Experience in the Los Angeles real estate market is preferred
• Proven success in project delivery, deal structuring, and public/private financing tools (LIHTC, tax-exempt bonds, etc.)
• Strong analytical, project management, and communication skills.
• Extensive hands-on experience in the underwriting and financing of affordable housing projects, including the use of typical financing sources such as low-income housing tax credits, tax exempt bonds, HOME, CDBG, HUD Section 202, etc
• Experience with acquisition of HUD at-risk properties, HOPE VI and/or homeownership developments
• High level of technical knowledge and hands-on experience with the development of affordable housing, affordable housing finance and real estate transactions
• Past personal involvement in reading and negotiating legal documents
• Excellent problem solving and creative skills with the ability to exercise sound judgment to make decisions based on accurate and timely information
• Experience reviewing and negotiating legal documents