Managing Director - RM Communities

December 7, 2024

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RealtyMogul

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RealtyMogul is an online platform that empowers investors to diversify their portfolios with real estate investments. It offers access to a variety of investment opportunities, including private placements, 1031 Exchange properties, and Real Estate Investment Trusts (REITs). With over $8 billion of property value offered since its inception, RealtyMogul provides a transparent investment process facilitated by RM Securities, an affiliated broker-dealer. The platform allows members to browse, conduct due diligence, and track investment performance through a user-friendly online dashboard, aiming to simplify commercial real estate investing with cutting-edge technology.

Passive Real Estate Investments • Cash Flow Investing • Real Estate Syndication • Real Estate Investing • Passive Income

51 - 200 employees

🏠 Real Estate

🏪 Marketplace

💸 Finance

💰 Series B on 2019-06

📋 Description

• Develop and execute the strategic roadmap to scale RM Communities’ business; sit on Executive Leadership team of RealtyMogul • Full P&L responsibility for the RM Communities direct acquisition business • Hire, manage and mentor the team, including acquisitions, underwriting and asset management professionals • Alongside Director of Acquisitions, leverage existing brokerage relationships to source and close multifamily acquisitions • Review deal-level underwriting and sit on Investment Committee to approve transactions • Manage DD process for acquisitions and approve all deals for release of escrow • Alongside Director of Investments, foster, establish, and maintain strong relationships with capital partners including family offices, HNW individuals and funds to raise capital for RM Communities deals; manage information sharing with capital partners to include underwriting, business plans and results of due diligence • Work with RealtyMogul marketing and investor relations to continuously grow high net worth investor relationships through the RealtyMogul online platform • Alongside VP of Asset Management, ensure performance of assets is within budget and manage refinancing and dispositions • Work with legal counsel to negotiate legal agreements including term sheets, PSAs, operating agreements and joint venture agreements • Work with brokers, lenders and counsel to structure and negotiate debt for each acquisition • Act as the face of RM Communities, representing the firm at conferences and hosting quarterly webinars alongside team for prospective investors about state of the multifamily market & RM Communities’ portfolio

🎯 Requirements

• Minimum of 15 years in multifamily real estate with a proven track record of acquiring and asset managing assets • Bachelor's and/or master’s degree in finance, Real Estate and/or Economics preferred • Both a high level, strategic thinker and obsessed with the details • Excellent computer skills with MS Office including Word, Excel and PowerPoint • Self-starter and highly motivated with the ability to multi-task and manage multiple relationships and deals at once • Deep negotiation expertise on PSAs, JVs, loan agreements • Strong capital partner relationships for multifamily real estate • Experience with 1031 exchanges and TICs/DSTs a plus • Experience in RM Communities target markets – Ohio, Michigan, Virginia, Arizona, North Carolina a plus