Senior Associate / Vice President

Real Estate Private Equity Vice President Role Overview

StepStone Real Estate is seeking an experienced and dynamic Senior Associate / Vice President to lead and expand our real estate acquisition efforts across the United States. The Senior Associate / Vice President will oversee the identification, evaluation, and execution of strategic acquisition opportunities, ensuring alignment with the company’s long-term growth objectives. The ideal candidate will have a strong track record in real estate investments, deep market knowledge, and a proven ability to drive successful acquisitions in diverse real estate sectors.

Essential Job Functions:

• Leadership & Strategy:
• Lead and manage the real estate acquisitions team, providing mentorship, guidance, and strategic direction
• Develop and execute the company’s real estate acquisition strategy, focusing on both short- and long-term objectives
• Collaborate with senior leadership to ensure acquisition targets align with broader company goals and market conditions

• Acquisition Execution:
• Identify, source, and evaluate high-potential acquisition opportunities across various real estate asset classes (residential, commercial, industrial, mixed-use, etc.)
• Lead due diligence, financial modeling, and structuring of acquisition deals
• Negotiate terms and conditions with property owners, brokers, and other stakeholders to secure advantageous deals
• Oversee all aspects of the acquisition process, from initial contact to closing, ensuring compliance with legal, regulatory, and internal guidelines

• Market & Industry Knowledge:
• Stay abreast of trends in real estate markets, including economic factors, regulatory changes, and emerging investment opportunities in the U.S
• Develop and maintain a network of key relationships, including brokers, developers, institutional investors, and financial partners
• Conduct competitive market analysis and perform risk assessments to inform decision-making

• Financial Oversight:
• Lead the development and execution of financial models, including cash flow projections, internal rate of return (IRR) calculations, and sensitivity analyses
• Oversee the investment committee process, presenting acquisition opportunities and providing insights and recommendations
• Ensure the optimization of investment returns while managing risk and ensuring alignment with the company’s financial objectives

• Team Collaboration & Cross-Functional Support:
• Work closely with the legal, finance, and operations teams to ensure seamless execution of transactions
• Support the asset management team in post-acquisition strategy, including integration and optimization of properties

• Reporting & Performance Monitoring:
• Regularly report on acquisition pipeline, financial performance, and key market trends to executive leadership
• Track and monitor post-acquisition performance, ensuring that assets meet or exceed projected returns

Education and/or Work Experience Requirements:

• At least 7 years of experience in real estate acquisitions, with a demonstrated track record of successfully closing deals in multiple asset classes
• Proven experience leading acquisition teams and managing large-scale transactions
• Extensive experience in real estate acquisitions, including a proven track record of successfully identifying and closing lucrative investment opportunities.
• Strong financial and analytical skills to assess and evaluate potential real estate deals, including conducting due diligence, financial modeling, and risk analysis.
• Excellent leadership abilities to lead and manage a team of real estate professionals, providing guidance and direction in executing acquisition strategies.
• Exceptional negotiation and communication skills to interact with sellers, brokers, investors, and other stakeholders, ensuring smooth and successful transactions.

Knowledge, Skills, and Ability Requirements:

• Extensive network of industry contacts and a deep understanding of real estate markets and trends.
• Highly analytical with exceptional problem-solving skills
• Proficient in Microsoft Office Suite (Excel, PowerPoint, Word) and real estate software
• ARGUS experience optional but preferred
• Promote and demonstrate a positive, team-oriented attitude

Salary - $205,000

The salary is an estimate of pay for this position.  Actual pay may vary depending on job-related factors that can include location, education, skill, and experience.  The salary range does not include any benefits or other forms of possible compensation that may be available to employees.