Job Description:
Note: Fidelity will not provide immigration sponsorship for this position.
The Role
The VP, US Acquisitions will partner with the Head of Investments and US Regional Leaders to execute on a plan to acquire multi-family real estate in the US. This will include sourcing the opportunity, managing the underwriting, negotiating with the seller, presenting the opportunity to investment committee, running the due diligence process, closing the transaction, partnering with the Head of Debt Capital Markets on the financing process, and supporting the transition to asset management.
Key Responsibilities
Source real estate investment opportunities that meet portfolio criteria across target markets through existing network, owner or broker relationships
Build and maintain appropriate pipeline of opportunities
Review and underwrite proposed opportunities
Negotiate and structure real estate acquisitions
Prepare analysis of opportunity and materials for investment committee approval; present opportunities to committee for approval
Review and approve legal, operational, environmental, engineering and appraisal reports created as part of the due diligence process
Flag and escalate issues found during due diligence and recommend how to resolve or address
Assume asset management responsibilities for initial acquisitions while transitioning to the asset management team.
Share insights and market intelligence with US asset management and investment teams
Manage and develop investment analysts and associates
Qualifications and Experience
Bachelor’s degree required, MBA preferred
Minimum of 15 plus years work experience, 13 plus years with an MBA or equivalent, in commercial real estate required; majority within investment roles
Strong professional relationships throughout the US real estate industry
Recent relevant investment experience in US commercial real estate across various asset classes; Asset Management experience a plus
Strong writing and presentation abilities
Ability to evaluate real estate and real estate markets
Critical thinker that can analyze an opportunity and make a quick decision
Collaborative, results driven leader
The Group
Pembroke is an international real estate advisor that acquires, develops, and manages properties and places – specializing in mixed-use, office, and residential environments in the world’s leading cities. We’re united by a belief that real estate is more than just buildings. Our mission is to create long-term value through our global expertise, local knowledge, and passion for real estate. Comprised of experts across a variety of fields, our team consistently strives for excellence, achieves with integrity, and embraces collaboration.
Over the past twenty-five years, we’ve grown to include offices in Boston, San Francisco, London, Munich, Stockholm, Sydney, Tokyo, and Washington DC, and manage approximately 9.8 million sq ft/915K sq m in North America, Europe, and Asia Pacific. Facilitating the private capital of our investors FMR LLC and FIL Limited, we invest in global markets with long-term growth potential.
By combining a global point of view with local expertise, we’re able to create and manage world-class properties that deliver the best outcomes for our tenants, investors, and the communities in which we work. For more information, visit our website: www.pembroke.com.
Fidelity’s Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate’s relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity’s business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.