NAIOP San Francisco Bay Area Chapter: Job Board

Acquisitions & Development

Company: Presidio Bay Ventures

Role:

We are seeking both mid-level (3-6 years of experience) and senior level (8+ years of experience) candidates and may hire more than one individual based on skills, attitude, and ability to meaningfully contribute to the growth of the Acquisitions & Development team and the company portfolio. For more senior candidates, we offer the opportunity to mentor and grow a team of development management professionals and take an active role in the Company’s leadership and long-term vision setting.

This role provides an opportunity for motivated individuals to join an established Bay Area firm with a rapidly growing national presence. In addition to the specific responsibilities described below, the daily exposure to all aspects of PBV’s operations will provide the successful candidate with mentorship opportunities from senior leadership and various members of the team with expertise in design, construction, entitlements, project management, business development, marketing, finance, and investor relations, to enable professional development.

PBV is seeking candidates with 3-10+ years of work experience in commercial real estate development, capital markets or brokerage, and a demonstrable interest in real estate acquisitions, financing, or asset management. Successful candidates will be able to display leadership, strong interpersonal skills, refined written and communication skills, clear attention to detail, ability to multitask and respond quickly to unfamiliar situations, demonstrable problem-solving abilities, and a willingness to take on new responsibilities as the role grows with the company. PBV is looking to hire the successful candidate as soon as possible. Please send all inquiries to kabir@presidiobay.com with your name and open job position in the subject header.

The position is a full-time, salaried role with medical, dental and vision benefits. PBV is an equal opportunity employer and values diversity. All employment is decided on the basis of qualifications, merit and business need. PBV does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law.

Compensation Details:

• Salary: Competitive with market and commensurate with seniority
• Bonus: Annual discretionary bonus calculated as percentage of base; will increase with individual and company performance
• Equity: Generous and equitable profit participation across every Presidio Bay project (i.e. not just the projects an individual is working on) based on role and tenure.
• Investment Opportunity: Presidio Bay offers every employee the opportunity (not obligation) to co-invest (with low minimum commitments) pari-passu with our institutional partners

A more detailed summary of the various roles and responsibilities are as follows. Oversight and responsibility will vary depending on experience and seniority.

New Business Development:

• Conduct market research analyzing trends across each of the Company’s target verticals and present findings to senior team members to identify new opportunities
• Coordinate the collection of due diligence materials (environmental, market, land use, etc.) to evaluate site feasibility
• Create and maintain detailed financial models to underwrite new development opportunities and project future cash flows; work with construction, architectural, engineering, legal and other team members to compile detailed project budgets and future cash flow projections
• Prepare confidential investment memoranda and business plans for new opportunities; prepare ad hoc analyses as may be required

Project Execution:

• Assist in the negotiation and structuring of real estate acquisitions, tenant leasing, construction financing, joint ventures, property management, and other special projects/transactions
• Prepare detailed entitlement and construction milestone schedules; provide periodic updates to senior team members on project status across the Company portfolio
• Engage with community stakeholders, including neighborhood associations, trade groups, and political and public entities, to assist with obtaining project entitlements
• Observe and participate in on-going project construction meetings on behalf of Company

Asset Management:

• Act as primary liaison between Company and construction lender; cultivate positive relationships with various lender representatives
• Prepare and submit construction draw requests; track project expenditures to date and provide regular reporting on budget analyses to identify potential capital needs
• Work with property management and accounting team to provide budgeting forecasts and analyses for on-going project-level financial activity
• Prepare quarterly and annual reports for investors, lenders, tenants and other stakeholders

Business Operations:

• Research new technology offerings and take ownership of special projects that will allow the Company to efficiently scale growth and mitigate against potential bottle-necks
• Coordinate with accounting team to provide periodic reporting on Company level financial operations; assist in annual budgeting, business pipeline and HR needs
• Maintain detailed database of limited partners, lenders, brokers and other key relationships to ensure continuous engagement with the Company
• Other special projects as required from time to time by senior team members