Description

The Transactions team at Curbline Properties is looking for an Acquisition Director in the Los Angeles market to source, negotiate, and close convenience retail acquisition opportunities (averaging $10mm-$15mm per investment). The Acquisitions Director will lead deal efforts and partner with leadership to assess, recommend and facilitate the acquisition of retail real estate. This position plays a critical role in growing the Curbline portfolio by identifying convenience retail assets to acquire. To thrive in this role, we need an experienced dealmaker who is well connected in the retail real estate industry with prior retail real estate financial modeling experience.

This position will work remotely in Los Angeles, CA. The position requires availability for occasional travel to tour assets, attend ICSC Conferences, and visit offices in Beachwood, OH and New York City, NY.

The expected salary range for this position is between $155,000 - $190,000. Actual compensation will be based on factors such as scope and responsibilities of the position, candidate's work experience, education/training, job-related skills, internal peer equity, geographical and industry market data, and business considerations and other factors permitted by law.

To be successful in this role, you will need to:

Source, negotiate, and close acquisition opportunities sub-$20mm independently
Reviews financial projections and pricing analyses (utilizing financial metrics such as internal rate of return, return on investment, loan amortization schedules, earnings accretion, etc.) related to the investment using technical software such as Excel and Argus
Creatively sources off-market acquisitions through relationships with brokers and landlords
Participate in drafting and review of transaction documents (LOIs, PSAs, etc)
Contribute daily to the current and future implementation of corporate strategy as it relates to the transactions team. Take initiative in deal origination and deal sourcing by establishing industry relationships. Works actively to identify and recommend new assets
Participate in the negotiation of business terms of acquisitions
Lead the transaction process by coordinating with other departments, brokers, and internal/external legal counsel to consummate the investment process

We are looking for a Director with:

Exceptional attention to detail and well-developed analytical and problem-solving abilities
Prior analytical and dealmaking experience in the retail real estate industry
“Deal Junkie” - Passion for retail real estate transactions and the dealmaking process
Strong communication, negotiation and presentation skills with a high degree of initiative and independent judgement
Strong educational background in finance, accounting or real estate
Real estate and business financial acumen to understand how work relates to the Company’s overall goals and strategies

ABOUT US

Curbline Properties’ is the first publicly traded REIT (NYSE: CURB) focused exclusively on owning and managing convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban, high household income communities. We operate as a distinct sector within the retail real estate landscape. We are headquartered outside of Cleveland in Beachwood, Ohio, and have regional offices in New York City, Atlanta, Georgia and Boca Raton, Florida.

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