Real Estate Investment Officer

Job Title: Real Estate Investment Officer

Business Unit: Administration

Reports to: CEO

Start Date: IMMEDIATELY

COMPANY DESCRIPTION Impact Housing IH is a vertically integrated modular design-builder and developer headquartered in Southern California. Our mission is to continuously evolve the worlds most sophisticated and efficient housing delivery system. We pursue this mission by reimagining every element of how multifamily projects are designed, manufactured, and built-driving down costs, shortening schedules, and expanding access to high-quality housing for the people who need it most, whether through LIHTC or unsubsidized projects.

To date, this decade, the IH team has built or is actively developing close to 1500 modular units, demonstrating a scalable repeatable path to affordability. With the capability to produce approximately 1000 units per year today, IH is expanding to meet growing demand in San Diego, Los Angeles, and beyond. We are now entering the next stage of our growth and strengthening every team across the company to achieve our next set of goals. We plan to manufacture and build more than 10000 units through 2030. To accomplish this, we are implementing the Lean Standard Model company-wide, deploying AI at every level of the company, and positioning IH as a national thought leader in modular development.

The foundation for our success is firmly in place. Join us as we scale our operations, transition into a higher-capacity manufacturing facility powered by smart automation and robotics, expand our production capacity by more than 3x in the Western U.S., and prepare for future national growth.

SUMMARY OF POSITION Impact Housing is seeking an exceptional and experienced Chief Investment Officer to join our growing team. The Chief Investment Officer (CIO) will be a key member of the executive team responsible for overseeing all investment activities and strategies related to our new multi-family developments and our existing and expanding multi-family portfolio (104 units in asset management, 324 units under construction, 483 units in final stages of construction financing, and an expanding pipeline with current pipeline deals totaling 1500 units). The CIO will lead, develop, and execute investment strategies ensuring the alignment of investments with the companys mission and financial goals.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Develop and execute the companys capital strategies, focusing on expanding debt and equity sources while building relationships with joint venture partners, investors, family offices, direct institutional investors, and financial institutions.
• Determine and refine appropriate development and capital strategies for current and future projects, considering risk tolerance, market trends, long-term growth objectives, and capital constraints.
• Identify, evaluate, and negotiate real estate investment opportunities, including acquisitions, dispositions, joint ventures, and development projects.
• Manage the debt portfolio to understand risk, minimize costs, and recourse, and adhere to covenants.
• Ensure assets perform according to established targets, optimizing returns for Impact Housing.
• Identify emerging trends, potential risks, and opportunities for investment diversification and expansion into new markets.
• Implement risk management strategies to protect the companys investments and assets against market fluctuations.
• Oversee the preparation and presentation of investment performance reports, forecasts, and presentations.
• Promote a culture of excellence, innovation, and continuous improvement.
• Source real estate investments in target markets by developing broker and owner relationships.
• Maintain and expand an effective acquisition team, including outside real estate brokers and consultants, managing the people, programs, processes, and analysis involved in acquiring commercial real estate.
• Recommend financing programs for existing portfolios.
• Source debt capital to support real estate portfolio activities.
• Identify potential strategic commercial real estate investment trends and opportunities.
• Lead due diligence activities and brief on proposed acquisitions.
• Identify sources of debt and equity financing relationships.
• Work with professionals to structure and negotiate real estate transactions.
• Oversee the closing of transactions.
• Manage the investment group.
• Travel to visit investment managers and real estate investments. Must be willing to travel 20-30% of the time to find new investment opportunities.

Strategic Leadership

• Evolve and execute the companys investment strategy for new multi-family development projects.
• Evolve and execute the companys portfolio accumulation and asset management strategy.
• Offer strategic leadership and supervision for all investment operations.
• Oversee the collection, analysis, and publication of data from Impact Housings vertically integrated platform to keep assumptions that inform IH investment decisions current.
• Ensure investment strategies are consistent with the companys mission to create affordable and sustainable housing.

Portfolio Management

• Supervise the administration of the multi-family real estate portfolio.
• Maximize investment performance through proactive portfolio management.
• Perform routine portfolio evaluations and make necessary adjustments.

Investment Analysis and Due Diligence

• Oversee the identification, analysis, and due diligence of new investment prospects.
• Oversee the development of investment materials, including Investment Committee Memorandums, Offering Memorandums, and Financing Memorandums.
• Assess market trends, financial performance, and potential risks.
• Develop comprehensive investment reports and provide recommendations for the executive team and board of directors.

Team Leadership and Development

• Guide, mentor, and advance the acquisitions and investment team.
• Cultivate a cooperative and high-achieving team environment.
• Promote continuous professional growth and training for all team members.

Stakeholder Engagement

• Foster robust connections with investors, partners, and stakeholders.
• Convey investment strategies, performance metrics, and updates to stakeholders.
• Serve as the companys representative at industry conferences, meetings, and events.

Financial Oversight

• Evolve and manage the acquisitions and investment teams verticals budgets.
• Monitor and handle metrics for investment risk and returns.

QUALIFICATIONS

• A bachelors degree in finance, real estate, economics, business, or a related field is required; an MBA or relevant advanced degree is preferred.
• Skills, abilities, and personality traits must align with our culture and values.
• Proven track record of successful investments.
• Proven broker and debt/equity sourcing relationships.
• Superior understanding of how to find, structure, and close profitable real estate investments.
• Knowledge of multi-family investments and multiple market knowledge.
• Strong Excel modeling experience.
• CRM maintenance for investors, lenders, brokers, and landowners.
• Strong leadership skills.

EXPERIENCE

• Minimum of 15 years of experience in real estate investment strategy execution and management, including a proven track record of leading successful investment strategies in multi-family development.
• Proven track record of managing multiple deals simultaneously with total asset values of $1 billion.
• Management of investment teams of 5 individuals.
• Experience must include:
• Demonstrated success in overseeing a multifamily and/or commercial real estate enterprise.
• Required proficiency in multifamily property acquisition.
• Guiding an investment management team.
• Experience in portfolio oversight.
• Developing strategic frameworks, identifying, arranging, negotiating, and funding commercial real estate deals.
• Proven ability to secure both equity and debt financing for new acquisitions, new developments, and current holdings, including individual projects of $100 million.
• Leadership
• Proven experience in a senior leadership role within the real estate investment industry.
• Skills
• Proficient in analytical techniques and financial modeling.
• Demonstrates exceptional strategic insight and adept problem-solving capabilities.
• Exemplary communication and interpersonal proficiencies.
• Possesses the capacity to effectively lead and motivate diverse teams.
• Knowledge
• Profound comprehension of multi-family real estate markets and investment tactics.
• Extensive expertise in real estate finance, market evaluation, and portfolio administration.

REQUIRED SKILLS AND ABILITIES

• Exceptional verbal and written communication abilities.
• Robust analytical and problem-solving capabilities demonstrated through a track record of enhancing business processes to cut costs and enhance efficiency.
• Proficiency in recognizing and applying best practices alongside ongoing performance evaluation.
• Outstanding interpersonal and negotiation proficiencies.
• Superior organizational skills coupled with meticulous attention to detail.
• Effective supervisory and leadership qualities.
• Competence in utilizing Microsoft Office Suite or equivalent software.
• Proficiency in utilizing financial tools necessary for making estimations, business projections, and strategic judgments.

PHYSICAL REQUIREMENTS

• Prolonged periods sitting at a desk and working on a computer.
• Ability to travel as needed to oversee multiple locations and projects.

COMPENSATION

• Competitive salary range of $350,000 - $400,000 depending on experience.
• Competitive bonus package.
• Health benefits, Medical, Dental, FSA, HSA.
• Vacation, Sick time, Holiday pay.
• Ownership of company equity.
• Co-investment opportunities into Property Specific Sponsor investments.
• 401K Retirement Plan.

NOTE This job description in no way states or implies that these are the only duties to be performed by the employees of this position. Employees will be required to follow any other job-related instructions and to perform any other job-related duties requested by any person authorized to give instructions or assignments. All duties and responsibilities are essential functions and requirements and are subject to possible modification to reasonably accommodate individuals with disabilities.

Impact Housing is an equal opportunity employer, drug-free workplace, complies with ADA regulations, and does not discriminate against any employee or job applicant because of race, color, religion, national origin, medical condition, pregnancy, sex, gender identity, gender expression, age, veteran status, physical or mental disability, or other applicable legally protected characteristics.

For more information about Impact Housing, visit ihousing.us.