About Waterton

Waterton has grown from very humble beginnings with one phone and two desks to the successful, nationally recognized real estate investment and management firm it is today. As Waterton has evolved and grown, one thing has remained constant - the drive to achieve results by exceeding expectations.  For 25 years Waterton remains passionate about delivering an incredible Resident Experience, which we believe is made possible by offering an extraordinary experience for our talented associates.  We value performance that delivers experiences that exceed expectations, coupled with an unwavering commitment to Investor, Guest, and Resident service excellence.  Overall, we are a collection of people who strive daily to “find the good and leave it better”. 

Job Summary

The Director, Dispositions manages the disposition process for multi-family assets. The role is responsible for evaluating broker opinion of values, preparing offering memorandums, monitoring the marketing period and coordinating buyer selection, due diligence and sale execution. 

Your Impact and Job Responsibilities:

Collaborate closely with the assigned Portfolio/Asset Manager to execute a successful marketing and disposition on targeted sale candidates. Engages brokers and manages the broker opinion-of-value process. Reviews and provides recommendations on letters of intent (offers) working with the brokerage firm. Facilitates the negotiation of the Purchase and Sale Agreement with in-house and third-party counsel, Acquisition Officer and Asset Manager. Responsible for assisting in the preparation of investment memorandums to Investment Committee and obtaining approvals on recommended sales with Portfolio/Asset Management input in accordance with business plan and hold/sell objectives. Coordinates broker listing and confidentiality agreements with legal guidance. Reviews with Asset Managers pre-disposition financial, capital or operational improvements, while facilitating and overseeing the marketing process. Manages the disposition process and is the liaison for Portfolio Management across multiple departments. Partners with Capital Markets to build a Lender data room for refinance and loan modification activity, including working with Asset Managers on project metrics, cash flow projections and defeasance efforts. Assist with the preparation and review of financing memorandums for refinancing transactions. Manages the initial lender repair requirements post-loan closing in coordination with Asset Managers and Capital team. Initiates and reviews broker offering memorandums & valuations. Responsible for the buyer’s diligence process. Manages the closing statement process ensuring all items are captured regarding the disposition and refinancing and/or loan modifications. Identifies, develops and implements improvements to the disposition closing process. Prepares post-disposition investment memorandum for all completed asset dispositions reviewing the business case for disposition, marketing and sale process, offering process and sale results.

What You’ll Bring- Desired Skills and Experience:

Bachelors Degree or equivalent experience preferred Ideally 5-10 years of real estate experience, and proven experience in multi-family and transaction management Advanced skillset in Microsoft Office to include Excel, Word, and Outlook Strong analytical and investigative skills, strong organizational skills, focused on implementing practical and timely solutions Manage time well; correctly prioritizing tasks to meet deadlines Authoritative and knowledgeable to ensure that business results are achieved Professional communication skills, both verbal and written, with the ability to build rapport and relationships with individuals and groups Relationship focused with the ability to accomplish goals utilizing others as resources Ability to Travel: Up to 20% travel required

How we will recognize and reward you: 

At Waterton, we recognize that compensation and benefits are important to our associates. We offer a wide variety of benefits including:

Competitive compensation and incentive program participation Full suite of benefits including Medical, Dental, Life, Disability, and even pet insurance 401K + match Generous paid time off, volunteer time off, and paid holidays A commitment to life-long learning through learning plans that include internal and external trainings with LinkedIn Learning, as well as consideration for tuition reimbursement Employee discounts and wellness initiatives, likes an onsite gym Hybrid work environment (based on business or position need)

The typical base salary hiring range for this role is $120,000.00-$145,000.00 per year, plus bonus program participation. 

The pay range is a base pay only and does not include any additional compensation or bonuses that this position may be eligible for. The pay range is approximate and the actual pay may vary depending on related work experience, certifications, education, and other job related factors. 

Waterton welcomes all.

Waterton is an equal opportunity employer.  Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender perception or identity, national origin, age, marital status, protected veteran status, or disability status.