Acquisition Project Manager

2 weeks ago


Westlake Village, United States CALIFORNIA COMMERCIAL INVESTMENT GR Full time

We make good investments in our people, properties, tenants, and company._

CCI is a nationwide full-service real estate platform focused on acquisition, asset management, property management, and development. Our current property portfolio consists of around 8,000 apartments and townhomes, with a focus on providing affordable housing for seniors and persons with disabilities. We also own and manage a diverse and growing portfolio of other real estate assets covering traditional multifamily rentals, office, and light industrial uses. CCI employs around 400 Teammates in 30 states across the country and we are growing

As we enter the next phase of our company’s growth, we’re looking for Teammates who can help us optimize our existing management platform (systems, tools, and processes), better leverage technology, and maintain our reputation for excellence. We are looking for ambitious self-starters who aren’t afraid to dig in. We value excellent communication and collaboration, and we reward those who challenge the status quo to find better ways of doing things. We believe that people learn best by doing so although we offer a full range of classroom learning and structured training paths, we prioritize hands-on experience and self-directed development.

**About You**:
In this role, you will have the opportunity to make a significant impact on the business while advancing your career. We are looking for a leader who can juggle multiple competing priorities, react, and recalibrate quickly without missing a beat as situations evolve. If this sounds like you, we encourage you to apply

**Responsibilities**

1. Work with Acquisitions team to ensure timely close of all new business in Escrow.

2. Provide all necessary information for closing or refinance transactions to escrow and title.

3. Create and submit Transfer of Physical Asset packages to HUD when applicable.

4. Create and submit 2530s to HUD when applicable for ownership changes, management changes or when/if HUD makes a request.

5. Submit any other documentation that HUD may request, including but not limited to organization documents, Affirmative Fair Housing Marketing Plans, financial information or property information in order to obtain HUD approval of our ownership structures.

6. Submit management documents to HUD or the applicable Housing Authority in order to obtain approval of our Management Agent.

7. Work with efficiently with HUD to ensure approval of any new ownership structures.

9. Create and maintain new entities, including filing of articles of organization or applicable formation documents, operating agreement, agreement of limited partners, bylaws, amendments, resolutions and filings as needed.

10. Maintain lender relations by timely producing requested documents during the underwriting phase of obtaining new loans.

11. Maintain acquisition relations by timely and effective communication with various sellers and brokers Involved with new acquisitions.

12. Gather and review all due diligence documentation during inspection periods of new escrows.

13. Arrange for all physical inspections, including but not limited to appraisals, PSNAs and due diligence review for new business or refinance transactions.

14. Complete and submit any documents necessary to obtain FHA financing when applicable.

15. Obtain HAP assignments from HUD.

16. Work with property management and accounting departments to ensure a smooth transition of any new acquisitions or loans.

17. Complete an executive summary for any purchase, sale, ownership change or refinance transaction.

18. Complete all due diligence, including the acquisition due diligence report for any new transaction.

19. Research any grants (weatherization, HOME, FHLB, CDBG, etc.) that might benefit out property portfolio.

21. Manage all phases of obtaining PILOT programs as applicable to new purchases/refinances.

22. Obtain loan extensions when applicable.

23. Oversee other investments in our portfolio (i.e. Kannapolis or Rancho De Luz) as directed and needed.

24. Create and understand acquisition financial models as needed.

25. Act as project manager post-closing for tax credit projects, up to and including monitoring of construction budget, help accounting team with cost certification, coordination of construction draws requests and ensuring that our cost expenditures meet eligible basis expectations.

26. Create and submit placed in service packages.

27. Ensure permanent loan close out.

28. Track and submit packages to ensure timely equity pay-ins.

29. Communicate with investors (both private investors and tax credit equity partners) as necessary.

30. Perform other related duties as assigned.

31. Attend work with regularity and punctuality and recognize that attendance is an essential duty and responsibility of this position.

**How do I succeed in this role?**
- **Take initiative**:Understanding the goal, developing and delivering a plan.
- **Be Inquisitive**:Not afrai



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