Vice President / Senior Vice President of Investments - Texas Region (Chicago-Based, On-Site)

Company Overview and Location

29th Street Capital is looking to appoint a highly motivated and entrepreneurial Vice President or Senior Vice President to spearhead investment acquisitions across Texas. This full-time position is based in Chicago, Illinois, requiring in-person attendance five days a week and involves frequent travel throughout Texas.

Compensation

The role offers a base salary of $150,000, complemented by participation in fees and carried interest. The total compensation package will be adjusted based on relevant experience.

Key Responsibilities

• Lead all acquisition efforts for the Texas market, managing pipeline development and comprehensive market coverage.
• Establish and sustain strong relationships with brokers, property owners, lenders, developers, and local operators to source investment opportunities both on and off the market.
• Generate proprietary deal flow by maintaining consistent market engagement and proactive outreach.
• Keep up-to-date with real-time market intelligence including supply pipelines, rent trends, capital markets, demographic changes, and current transactions within Texas.
• Conduct underwriting and detailed financial analyses of multifamily investment prospects.
• Assess operating performance metrics, rent rolls, market assumptions, capital expenditures, and business plans to pinpoint investment risks and opportunities for value enhancement.
• Prepare investment memoranda and present recommendations to senior leadership and the Investment Committee.
• Structure and negotiate letters of intent, purchase and sale agreements, and other contracts in collaboration with legal teams.
• Coordinate due diligence and closing activities, working with internal departments, lenders, consultants, and third-party vendors.
• Collaborate closely with Asset Management to ensure acquisition assumptions are aligned with executable business plans.
• Work with Capital Markets teams to develop financing strategies and maintain lender relationships throughout acquisitions.
• Assist in investor communications by creating investment summaries, market commentaries, and transactional materials for partners.
• Contribute insights to refine 29th Street Capital's investment strategy through continuous market analysis and competitive intelligence.

Qualifications and Profile

• A minimum of eight years of experience in multifamily acquisitions, real estate private equity, institutional real estate investment, investment banking, or other rigorous financial investment roles.
• Proven success in sourcing, negotiating, and closing multifamily deals, ideally within Texas or Sun Belt regions.
• Established relationships with brokers across Texas and a history of generating proprietary, relationship-driven deal flow is strongly preferred.
• Advanced skills in financial modeling with extensive experience underwriting institutional-grade multifamily investments.
• Strong knowledge of multifamily property operations, capital structures, debt financing, and key performance indicators such as NOI, IRR, equity multiples, and cash-on-cash returns.
• Experience managing contract negotiations from Letters of Intent through closing stages.
• Bachelor's degree required; MBA, CFA, or similar advanced qualifications are advantageous but not mandatory.

Personal Attributes

• Ability to cultivate trust and maintain long-term professional relationships characterized by reliability and responsiveness.
• Independent thinker who can critically evaluate and question assumptions.
• High sense of ownership and accountability in work.
• Open to adjusting viewpoints when presented with compelling evidence.
• Meticulous attention to detail with the ability to produce organized, thoughtful work.
• Successful in dynamic, entrepreneurial settings that value initiative, sound judgment, and efficient execution.

Application Process

• Submit a resume showcasing relevant experience.
• Provide a deal sheet highlighting acquisition history including transaction size, locations, property types, and individual roles within those deals.

Applicants should anticipate an extensive interview process focusing on their technical proficiency, investment acumen, transactional experience, and cultural compatibility.