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Acquisitions Associate

Acquisitions Associate

Team 
Business Development
Location 
US-MI-Detroit

Position Details

Who We Are

About Bedrock:

Detroit-based Bedrock is a full-service real estate firm specializing in acquiring, developing, leasing, financing, and managing commercial and residential buildings. Since its founding in 2011, Bedrock and its affiliates has committed more than $5.6 billion in acquiring and developing more than 100 properties in downtown Detroit and Cleveland totaling more than 16 million square feet.

 

Bedrock is leading Detroit’s building boom with the city’s largest and most ambitious projects. These projects meet an increasing demand for Class A office space and modern living options in a growing and technology-centric urban core, with an emphasis on ground-level activation and increased walkability. In the next five years, Bedrock plans to deliver 3,500 new residential units to the market; from City Modern, an 8.4-acre neighborhood where residents can age in place; to 28Grand, where residents use the city as their living room; to the Hudson’s project, which will soon be home to Detroit’s tallest building and most landmark address.

 

Our Core Values: Independently Driven | Never Satisfied | Relentless Commitment to Service

 

Why Bedrock?

At Bedrock, we create unique experiences through real estate! From your experience each day at the workplace to the experience we create for those who live, work, and play in our spaces, we are focused on making a lasting impression through our properties and developments.  We are looking for team members that want to make an impact in the fast-paced world of real estate, management and development and who want to be a part of a team who is changing the landscape in the cities where we work.  At Bedrock, you will be a part of an inspirational, energy-filled environment.  Come join the momentum! For more Information, visit bedrockdetroit.com or engage with us on Twitter @BedrockDetroit and Facebook.

What You'll Do/Need

Position Responsibilities:

  • Assisting in the management of the acquisition due diligence process, which will include but not be limited to the following:
    • Preparing agendas for due diligence calls;
    • Coordinating site/property access with Seller’s representatives;
    • Acting as liaison with a given Seller throughout the due diligence process;
    • Preparing due diligence summaries and related materials;
    • Tracking key dates relating to due diligence deliverables and Seller requests
  • Drafting Letters of Intent, internal acquisition memos, and tracking reports on current acquisitions and those in the pipeline;
  • Facilitating Purchase Agreement and often Operating Agreement negotiations and contributing to the development of strategies to successfully close transactions and resolve open issues;
  • Creating detailed ownership maps in target acquisition areas, along with Bedrock property maps, which are distributed company-wide;
  • Preparing property summaries, one-pagers, and purchase price analyses to assist in high-level decision making within the acquisitions team;    
  • Preparing presentations for meetings and drafting communication to executive leadership team in collaboration with other members of the Acquisitions Team;

  • Attending meetings with the CEO and Acquisitions Manager, documenting notes and managing key takeaways and to-do’s;
  • High-level team organization, prioritization, forecasting, and acquisition tracking;
    • Keeping items of high importance at the forefront of the team’s attention, and mapping out paths to completion;
    • Managing transaction timelines to ensure that takeaways and to-dos are completed promptly and in the proper cadence;  

 

Position Requirements:

  • Bachelors and/or Master's Degree in Business Administration, or a related field;
  • At least 1-3 years of experience in a real estate acquisitions (or similar) role
  • Strong problem solving and organizational skills, along with a unique ability to effectively juggle and manage many projects simultaneously
  • Energetic, proactive, personable, creative and highly motivated person with the ability to learn and work independently and collaboratively

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