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Source: Opinion: The Marshall fire showed climate change has come to our backyard

Vice President of Acquisitions

Job Title: Vice President of Acquisitions
Job Type: Full-Time; Exempt
Reports to: Chief Acquisitions Officer
Date: July 2022

COMPANY BACKGROUND
Real Capital Solutions is a highly entrepreneurial Real Estate Investment Company pairing active capital with an emphasis on street level solutions. As an active investment management company, we source value-add, opportunistic, development and longer term hold investment opportunities in a variety of markets. RCS is a solutions-oriented real estate company that focuses on Acquisitions, Development, Management and Sales for highly complex and structured real estate opportunities. With 35 years of operational and real estate expertise, we have delivered returns that are in the top 5% of private equity real estate firms in the US.


SUMMARY
The VP of Acquisitions will generate new acquisitions, joint venture investments and development opportunities. This position will evaluate each new commercial opportunity to determine whether the investment meets certain key criteria. Serves in a deal structuring capacity and oversees the investment analysis, underwriting, due diligence coordination, contract and partner negotiations, equity and financing packages, and risk analysis involved in the purchase and investment plan for the asset. He/she will also be involved in the equity capitalization and debt financing process. This includes working with the capital markets team to coordinate the presentation of the investment to both internal and external equity sources as well as various debt providers.

KEY ACCOUNTABILITIES
Source and underwrite potential acquisition and development deals
• Develop initial business/investment plan for rents, capital improvements, operational changes, and sale
• Present to the Investment Committee
• Work directly with senior executives to continually refine investment strategy
• Work with financing team to source, quote, and place project‐level financing
• Negotiate directly with sellers and brokers to secure acquisitions on best possible terms
• Develop detailed business plans for Investors approval including the modeling of financial projections with detailed capital and operating budgets
• Underwrite and perform due diligence
• Manage the real estate investment process, including monitoring construction draws and change orders and the execution of acquisition and renovation/development plans
• Develop annual operating and capital budgets with the financial team
• Underwrite prospective deals in a clear, transparent way that serves our investment committee and investors well and then execute on those deals to close them quickly, reliably, with well‐managed risk and with a smooth turnover to asset management, providing a clear repositioning and/or value creation strategy for the asset.


QUALIFICATIONS
Bachelor’s degree in engineering, construction, real estate or related field.
• Master’s degree in Real Estate or MBA is a plus.
• 7 – 10 years of real estate acquisitions experience.
• Real estate acquisition underwriting experience is required
• Excellent quantitative, analytical, and problem-solving skills
• Strong interpersonal and management skills
• Ability to approach problems both logically and creatively
• Excellent organizational and strategic planning skills
• Proficient in Microsoft Office Suite
• Strong understanding of Argus lease analysis software
• Understand deal structuring, waterfalls, development and generate creative solutions to maximize investor returns
• Excellent communication skills, both oral and written
• Ability to create financial models is essential
• Excel in a high-impact position within a fast-paced, deadline-driven environment
• Highly organized with a keen sense of moving things forward to positive end results
• Willingness and ability to travel up to 20%, travel frequency intermittent.

DESIRED PERSONAL TRAITS
Passion and loyalty for the company.
• Ability to think analytically and problem solve, combined with a willingness to ask questions and work collaboratively.
• Hard-working team player, positive and enthusiastic.
• Highly organized and detail-oriented self-starter.
• Ability to work under time pressures with multiple priorities while able to meet deadlines with accuracy.
• Discretion with confidential information.
• Comfort with ambiguity and working in a fast-paced environment.
• Very driven and competitive
• Willing to work extremely hard
• Self-motivated

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Senior Analyst

Job Title: Senior Analyst

Job Type: Full-Time; Exempt

Reports to: Director – Acquisitions

Date: March 2022

COMPANY BACKGROUND

Real Capital Solutions is a highly entrepreneurial real estate investment company pairing active capital with an emphasis on street level solutions. As an active investment management company sources deals in value-add, opportunistic and high barrier to entry markets. RCS is solutions oriented real estate company that focuses on acquisitions, development, and management for highly complex and structured real estate opportunities. RCS has over 35 years of operational and real estate expertise with returns that are in the top 5% of private equity real estate firms in the US.

SUMMARY

The Senior Analyst position will assist in the acquisition of commercial properties, expected to include the following product types: industrial, office, retail, multifamily and hospitality with a current focus on office and industrial.  This individual will have strong financial and written communication skills and prior commercial acquisitions or asset management underwriting experience as a real estate investment analyst.

RESPONSIBILITIES

  • Creating proformas
  • Along with the VP of Acquisitions, presenting deals to company founder and investment committee.
  • Drafting offers
  • Reviewing legal agreements
  • Review and analyze leases and rent rolls
  • Collect and analyze due diligence information
  • Market research and analysis
  • Research and identify new investment opportunities
  • Create loan request packages
  • Create equity request packages
  • Draft investment memos and update reports
  • Business analysis
  • Creating contract exhibits
  • Assist in the periodic reforecasting of investments
  • Perform asset management analysis, including business plan modifications, market analysis updates, etc.
  • Assisting the team with the many other duties involved in acquiring and supporting the asset management of commercial assets.

To be able to perform the job, this individual will have the following:

  • Strong financial skills and experience underwriting commercial real estate assets.
  • Proven Excel, Argus, writing, and communication skills with sound judgment are a must.
  • Limited travel to visit potential acquisition deals is required

QUALIFICATIONS

We anticipate this position will be demanding; therefore, we seek candidates who are:

  • Undergraduate degree in Finance, Accounting or Economics (or related work experience)
  • Excellent MS Excel, MS Word, MS PowerPoint, communication, and writing skills
  • Excellent Argus valuation software skills required!
  • 3+ years of real estate underwriting and investment experience
  • Driven and ambitious
  • Self‐motivated
  • Strong writing skills
  • Creative and highly analytic problem solver
  • Strong research skills

ESSENTIAL FUNCTIONS

  1. Ability to comply with company rules and regulations.
  2. Ability to communicate effectively and courteously with internal and external customers through two-way verbal and written communication (speech, hearing, and writing).
  3. Ability to operate various office equipment including, computer, telephone, fax, copier, calculator.
  4. Ability to work long hours.
  5. Ability to write and see things in close proximity.
  6. Ability to work independently and refer appropriate matters to supervisor when necessary.
  7. Ability to comprehend written and verbal communication.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is frequently required to stand, walk, and talk and hear. The employee is frequently required to sit when doing paperwork or answering emails; use hands or fingers to utilize computer. Specific vision abilities required by this job include close vision, distance vision, color vision, peripheral vision, depth perception, and ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

RCS Joins Lowe in Joint-Venture Ownership of Prominent Washington Resort

DENVER – Sept 28, 2021 – Real Capital Solutions (RCS) has partnered with Los Angeles‐based Lowe in the ownership entity of Suncadia Resort, a 6,400‐acre premier all‐season resort located 80 miles outside of Seattle, Washington. The recapitalization establishes Real Capital Solutions of Denver, Colo. as a member and majority owner of Suncadia Resort, LLC.

Lowe will continue as Suncadia’s managing member, asset manager and development manager of the ongoing development of the Suncadia and Tumble Creek communities. Lowe’s hospitality subsidiary, CoralTree Hospitality, continues to manage the lodging options and amenities at the Resort through a Destination by Hyatt franchise.

“The addition of Suncadia is a major accomplishment for Real Capital Solutions (RCS),” said Managing Vice President of Acquisitions, Adam Abeln. “The Suncadia community has been under Lowe’s oversight for nearly two decades. We are excited to work with a partner that we can trust to handle the many complexities associated with operating a growing world‐class resort community.”

The esteemed resort offers top‐tier amenities such as residential and vacation rentals, luxury lodging, two championship golf courses, a renowned on‐site spa and more. The year‐round Destination by Hyatt property overlooks the Cle Elum River Valley and is surrounded by Washington’s treasured Cascade mountain range.

“With a committed partner in Real Capital Solutions, we will maintain the resort’s high standards and expand and improve the property as we continue to deliver on our original vision for Suncadia as a premier all‐season destination that provides a superior experience our guests and residents for generations to come”, said Rob Lowe, co‐CEO of Lowe.

Real Capital Solutions brings extensive experience with developing high‐end resort and golf communities, and other luxury developments throughout coastal California, Florida., Oregon, and Colorado. Real Capital Solutions and Lowe have a successful track record of collaboration including a previous partnership in a residential investment and development project in the Denver area.

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About Suncadia Resort

Located 80 miles east of Seattle, the 6,400‐acre Suncadia Resort features guest suites and penthouses, a variety of upscale rental homes, several dining options, a LEED Silver‐Certified spa, swim and fitness center, two championship golf courses (Prospector and Rope Rider), and conference facility. Suncadia offers several real estate opportunities, including the Tumble Creek, an exclusive enclave spanning 2,600 acres with a collection of homes and homesites and community amenities that include a private Tom Doak golf course, The Hill House, The Golf House, and The Great House. As Washington’s premier all‐seasons mountain destination, Suncadia offers unlimited recreational activities, such as hiking, biking, fishing, river floating, axe throwing, and horseback riding, along with cross‐country skiing, ice skating, sledding, tubing and snow shoeing.

For more information, visit www.suncadia.com, and follow along on Facebook and Instagram.

About Lowe

Los Angeles‐based Lowe, formerly known as Lowe Enterprises, is a leading national real estate investment, development and management firm. Over the past 49 years, it has developed, acquired or managed more than $32 billion of real estate assets nationwide as it pursued its mission to build value in real estate by creating innovative, lasting environments and meaningful experiences that connect people and place. Lowe currently has more than $1.5 billion in commercial real estate projects in the pipeline or under development. In addition to its Los Angeles headquarters, Lowe maintains regional offices in Southern California, Northern California, Charleston, Denver, Seattle, and Washington, DC.

Lowe’s hospitality affiliate, CoralTree Hospitality, operates numerous hotel and resort properties across the US including Suncadia Resort through a franchise of the Destination Hotels brand with Hyatt Hotels.

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