Director of Acquisitions Distressed Multifamily

About TS8 Prop InvestmentsTS8 Prop is a private real estate investment platform with an existing portfolio of 400 single-family Section 8 rentals and 500+ multifamily units. We're scaling into institutional distressed multifamily acquisitions across four target markets: Indianapolis, Kansas City, Columbus, and the Texas Triangle (Dallas / Houston). Our seven-year plan targets $200M+ of acquisitions sourced through bank workout desks, CMBS special servicers, and court-appointed receiverships.The RoleWe're hiring a Director of Acquisitions to lead sourcing, underwriting, and negotiation for distressed multifamily assets. This is a senior, principal-side role reporting directly to the principal. You will own the entire acquisition pipeline from sourcing relationships to closed deal.What You'll DoSource distressed multifamily opportunities from regional banks (special assets / workout), CMBS special servicers (Midland, Trimont, Rialto, LNR), debt-fund workout teams, and court-appointed receiversUnderwrite every deal to our buy box: 9%+ going-in cap, 11%+ stabilized cap, 25%+ discount to comp, 22%+ five-year IRRLead LOI authorship, sale order negotiation, and 30-day close executionBuild and maintain relationships with 100+ banks, 6+ CMBS special servicers, and 20+ receivership attorneys across our four marketsHire and manage an Acquisitions Analyst within 30 days of startPartner with the principal on capital decisions, LP relationships, and platform strategyWhat We're Looking For8+ years of commercial real estate acquisitions experience, with at least 4 years specifically in distressed multifamily, special situations, or workoutDirect experience with one or more of: CMBS special servicing, bank special assets / workout, distressed-debt fund acquisitions, or sponsor-side distressed multifamily acquisitionsPersonal track record of leading 5+ distressed multifamily transactions from sourcing to closeExisting relationships with receivers, special servicers, and bank workout officers in at least one of our four marketsProven underwriting discipline at our buy box parametersComfortable as a principal-side decision maker, not a deal managerCompensationBase salary: $150-225K (commensurate with experience)Acquisition fee: 1-2.5% of purchase price per closed dealPhantom equity: 20% of GP economics, cliff vesting over 5 yearsAM fee share: 20% of recurring asset management feesYear 1 target total compensation for a strong performer: $400-500KWhy TS8Operating principal with $33M+ existing portfolio (no syndication overhead, no fund constraints)Capital deployed: $10M liquid + portfolio line of credit, ready for cash-buyer 30-day closes from Day 1Clear seven-year plan with defined buy box, target markets, and capital structureYou own acquisitions; principal owns capital and final close decisions. Clean delegation.Phantom equity gives you long-term economic alignment without complicating ownership structureTo ApplyApply via LinkedIn with your resume and a brief note describing 1-2 distressed multifamily deals you've personally led from sourcing to close. Include the markets, deal sizes, sourcing channels, and outcomes.