Head of Sourcing

| New York, NY, USA
Employer Provided Salary: 180,000-225,000 Annually
Salary data is provided by the employer. Please note this is not a guarantee of compensation.
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About Us

Avenue One is a service platform and marketplace that enables investors to access single-family rental residential assets by connecting an ecosystem of local partners to institutional capital. We are in the business of partnerships—finding, vetting, and empowering local experts nationwide to broker, find, buy, renovate, lease, manage, and sell properties on behalf of our clients.

We coordinate the efforts of our partners through a proprietary technology stack. This system takes in huge amounts of data at national and local levels, which, combined with information about each individual property, gives us and our partners a competitive advantage in pricing, speed, and scale. The technology is constantly evolving to remain best-in-class, but it will only be as good as our team that drives it, which is where you come in.

Avenue One provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, familial status, or any other characteristic protected by federal, state, or local laws. This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.

Location

  • New York City
  • In-office, 4-5 days per week

Experience / Qualifications

  • 15+ years in real estate investment, with a strong focus on leading a sourcing/ acquisitions function.
  • 5+ years of experience leading and managing teams, with a track record of expanding and developing teams.
  • Exceptional leadership skills, with experience recruiting, training, and developing high-performing teams.
  • Demonstrated ability to develop and execute strategic initiatives that drive growth and efficiency.
  • Proven ability to spearhead new market expansions and develop performance monitoring KPIs.
  • Deep understanding of acquisition and disposition strategies, with the ability to maximize investment returns.
  • Proven ability to manage asset portfolios, ensuring consistent delivery of high-quality properties.
  • Expertise in conducting market analysis to identify top-performing markets and properties.
  • Ability to drive business development initiatives and create new revenue streams.
  • Strong interpersonal skills, with the ability to build and maintain robust professional relationships.
  • Experience developing and implementing systems and processes for sourcing, underwriting, contracting, due diligence, and closing.
  • Excellent verbal and written communication skills, with the ability to present complex strategies to diverse audiences.
  • Demonstrated success in achieving organizational goals through strategic initiatives and team management.
  • Ability to foster a high performance culture and collaboration within the team.

Job Description

Avenue One is seeking a dynamic and experienced real estate leader to join our team as the Head of Sourcing. The successful candidate will have a proven track record in real estate and or real estate adjacent companies, specializing in acquisitions and sourcing. This role involves leading and expanding the sourcing team, driving business development initiatives, and growing our list of partners that will help enhance our real estate investment strategies. The ideal candidate will demonstrate strong leadership abilities, effectively managing a team of 8-10 people with plans for further growth.

Responsibilities

  • Acquisitions and Dispositions:
    • Lead the sourcing, acquisition and disposition strategies to maximize investment returns.
    • Develop and implement systems and processes for sourcing, underwriting, contracting, due diligence, and closing.
    • Conduct market analysis to identify top-performing markets and properties.
  • Strategic Planning and Business Development:
    • Develop and execute strategic initiatives to drive growth and efficiency.
    • Collaborate with internal and external teams to integrate technology solutions that enhance investment strategies.
    • Spearhead new market expansions and develop KPIs to monitor performance.
  • Investment Analysis and Asset Management:
    • Perform detailed investment analyses and provide recommendations to the trading desk..
    • Manage a multifaceted team across acquisition, pricing, and due diligence departments.
    • Ensure consistent delivery of high-quality homes by collaborating with finance, renovation, closing, and leasing divisions.
  • Client Relationship Management and Team Leadership:
    • Build and maintain strong relationships with institutional investors, REITs, hedge funds, private equity firms, developers, and private investors.
    • Lead, recruit, train, and develop the sourcing/ acquisitions team, fostering a culture of innovation and collaboration.
    • Manage and expand a team of 8-10 professionals, with plans to hire additional team members as needed.

Salary Range 

The base pay range for this role is estimated to be $180,000 - $225,000 at the time of posting.  Final compensation will be determined by various factors such as work location, education, experience, knowledge, and skills.

Compensation / Benefits

  • Competitive compensation 
  • Company-paid medical, vision, dental, and wellness benefits for employees and dependents
  • Company-provided home office equipment
  • Flexible vacation and sick days
  • Team-oriented and supportive working environment
  • Company-sponsored events and swag


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Technology we use

  • Engineering
  • Product
  • Sales & Marketing
  • People Operations
    • CSSLanguages
    • JavascriptLanguages
    • PythonLanguages
    • ReactLibraries
    • Angular.JSFrameworks
    • JupyterFrameworks
    • Node.jsFrameworks
    • AWS RedshiftDatabases
    • DynamoDBDatabases
    • MongoDBDatabases
    • MySQLDatabases
    • PostgreSQLDatabases
    • SnowflakeDatabases
    • AWS (Amazon Web Services)Services
    • GitHubServices
    • Google AnalyticsAnalytics
    • FigmaDesign
    • AirtableManagement
    • ConfluenceManagement
    • Google DriveManagement
    • Google DocsManagement
    • Google SlidesManagement
    • JIRAManagement
    • DocuSignCRM
    • HubSpotCRM
    • SendGridEmail
    • Google HangoutsCollaboration
    • SlackCollaboration
    • ZoomCollaboration
    • Monday.comProject Management

Location

199 Lafayette Street, New York, NY 10012

What are Avenue One Perks + Benefits

Culture
Open door policy
Pair programming
Open office floor plan
Employee-led culture committees
Hybrid work model
Flexible work schedule
Remote work program
Diversity
Dedicated diversity and inclusion staff
Hiring practices that promote diversity
Diversity recruitment program
Health Insurance + Wellness
Flexible Spending Account (FSA)
Disability insurance
Dental insurance
Vision insurance
Health insurance
Life insurance
Wellness programs
Abortion travel benefits
Financial & Retirement
401(K)
Pay transparency
Child Care & Parental Leave
Generous parental leave
Family medical leave
Vacation + Time Off
Unlimited vacation policy
Paid holidays
Office Perks
Company-sponsored outings
Free snacks and drinks
Some meals provided
Company-sponsored happy hours
Pet friendly
Fitness stipend
Home-office stipend for remote employees
Mother's room

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