Director of Real Estate Investments (OC) - True Legacy Homes

About Us:

true Legacy Homes is a dynamic residential real estate company specializing in home flipping. We are committed to transforming homes by enhancing their value & appeal through innovative design and expert craftsmanship. Our commitment to quality and efficiency drives our success, and we are seeking a motivated individual to join our team and help us continue our growth.

Position: Director of Real Estate Investments

Location: Irvine, CA

Schedule: Monday through Friday, Office

Wage Scale: $185,000 to $200,000 Salaried/Exempt

*Position is eligible for participation in a yearly incentive compensation plan.

Reports to: Chief Operations Officer (COO)

Travel: 5% to 10%

Job Summary

The Director of Real Estate Investments will be a strategic leader responsible for overseeing the entire property acquisition, renovation and sales process, from identification to transaction completion. This role entails managing and mentoring a team of Acquisition Managers across multiple territories, as well as leading teams of Field Project Managers and Interior Designers. The position requires a strong background in real estate, excellent leadership skills, and a proven track record.

Duties and Responsibilities:

• Develop, implement, and manage acquisition, construction, and sales processes and systems.
• Develop and refine the company's real estate acquisition strategy, aligning it with business goals and expansion objectives.
• Lead the implementation of strategic initiatives to drive growth, explore new acquisition opportunities, and enhance the acquisitions division's performance.
• Manage and mentor a team of Acquisition Managers operating across multiple territories, providing guidance, support, and fostering a culture of excellence.
• Lead and develop teams of Field Project Managers and Interior Designers, ensuring seamless coordination for successful property renovations.
• Oversee the entire acquisitions process, including property identification, due diligence, negotiations, and transaction closures.
• Collaborate closely with stakeholders, and other relevant teams to ensure compliance with regulations and a smooth transition post-acquisition.
• Establish key performance indicators (KPIs) for the acquisitions division and regularly monitor progress towards acquisition targets.
• Provide comprehensive reporting to executive leadership and investors, outlining acquisition pipeline, performance metrics, and opportunities for improvement.
• Lead weekly investment committee meetings to present potential acquisitions, discuss investment strategies, and gain approval for proposed transactions.
• Conduct weekly renovation meetings to review project progress, ensure adherence to timelines and budgets, and address any challenges.
• Proactively seek out new ways to expand and innovate the acquisitions division, identifying untapped markets, partnership opportunities, and emerging trends.
• Foster a culture of continuous improvement, encouraging creative thinking and knowledge sharing within the team.
• Oversee the preparation of detailed financial models and investment analyses for potential acquisitions, ensuring alignment with strategic objectives.
• Make informed decisions regarding property investments based on comprehensive financial evaluations.
• Collaborate with cross-functional teams including construction, design, and finance to ensure seamless project execution and integration post-acquisition.
• Embrace and exemplify true Legacy Homes' core values:
• • Systematic: Consistently using a structured and organized approach to achieve objectives.
  • Dignifying Others: Respecting and valuing the worth of all people.
  • Measurable Performance: Establishing and pursuing clear and achievable objectives that can be quantified and evaluated.
  • Teachable Heart: Being receptive to learning and growth and having a willingness to teach and mentor others.
  • Stewardship: Responsible use of client, company, and employee resources and talents.
• Other appropriate duties as assigned.

Required Education and Experience:

• Bachelor's degree in business administration, real estate, finance, engineering, or related field.
• A minimum of 10 years of experience in real estate acquisitions, corporate development, or related roles, with at least 5 years in a leadership capacity.
• Proven track record of managing distributed teams with at least 15-20 team members.
• Strong financial acumen and experience with financial modeling, investment analysis, and valuation.
• Excellent leadership and team management skills, with a demonstrated ability to lead and inspire diverse teams.
• Effective communication, negotiation, and interpersonal skills.
• Ability to think strategically, innovate, and drive results in a dynamic and competitive market.
• Proficiency in real estate software, financial tools, and Microsoft Office suite (Mac).
• Knowledge of real estate laws, regulations, and best practices.
• Must possess a high level of integrity and autonomy.
• Ability to function well in a high-paced and at times stressful environment.
• Must have a valid Driver's License (Class C).

Preferred Education and Experience:

• California real estate license in good standing.
• Master's degree in business administration, real estate, finance, or related field.
• Proven and measurable experience in renovation and construction processes, including commonly used terms and transactional knowledge.

Physical Requirements:

• The nature of the position requires prolonged periods of sitting.
• May on occasion require prolonged periods of walking or standing.
• Must be able to lift, push, pull up to 15lbs.
• Bending and Stooping: Bending body downward and forward by bending spine at waist.
• Climbing: Ascending or descending ladders or stairs using feet and legs and/or hands and arms. Body agility is emphasized.
• Mobility Requirement: Ability to get from one location to another.
• Kneeling: Bending legs at knees to come to rest on one or both knees.
• Repetitive Motion: Substantial movements of the wrists, hands, fingers, and/or upper body for sustained periods of time, including using extremities to drag, push, pull or grasp.
• Visual Requirements: Able to see and read computer screens, small electronic devices, and maps.
• Hearing Requirement: Able to detect specific noises for proper equipment operation.
• Ability to pass a pre-employment physical.

Benefits:

• Employer sponsored medical benefits
• Eligible for yearly incentive compensation plan
• 401(k)
• 401(k) employer match of up to 2%
• Car allowance
• Cell phone reimbursement
• Mileage reimbursement
• Paid holidays
• Paid time off
• Growing company
• Modern management style

How to Apply:

Please submit your resume and a cover letter detailing your relevant experience and why you are the perfect fit for the Director of Real Estate Investments position to www.truelegacyhomes.com/careers.

We invite you to check out some of our recent projects at www.truelegacyhomes.com/renovations.

Why Join Us:

At true Legacy Homes, we value our team members and believe in fostering a supportive and growth-oriented environment. By joining us, you become part of a company that is dedicated to your professional development. We offer numerous opportunities for growth and advancement throughout, ensuring that you can build a rewarding career with us. We are committed to creating a positive and inclusive workplace where every team member is valued and has the opportunity to thrive.

Disclaimer:

The above information in this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designated to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

true Legacy Homes is an equal-opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

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