What's Happening?
A private equity fund, currently deploying its second fund with nearly $1 billion in available capital, is seeking to hire a Real Estate Counsel in Austin, Texas. The role involves leading acquisitions and scaling a rapidly growing platform focused on transforming underutilized land in metropolitan areas into logistics infrastructure. This infrastructure serves as the backbone for modern freight and mobility networks, converting raw land into revenue-generating outdoor hubs. The position requires a mid-to-senior BigLaw real estate associate, preferably from the class of 2017-2020, with experience in acquisitions and land development work. The counsel will coordinate diligence and external counsel, particularly around title issues and entitlements, and support strategic compliance matters related to the company's REIT conversion.
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Why It's Important?
The hiring of a Real Estate Counsel is crucial for the private equity fund as it aims to expand its industrial asset platform. This move reflects the growing demand for logistics infrastructure, driven by the rise in e-commerce and the need for efficient freight networks. The transformation of underutilized land into logistics hubs can significantly impact urban development and economic growth in key metro areas. The role offers substantial financial incentives, including cash compensation exceeding BigLaw salaries and bonuses, and carried interest for the right candidate. This opportunity highlights the fund's ambition and institutional backing, providing a chance to build a meaningful platform in Austin, Texas.
What's Next?
The next steps involve the Real Estate Counsel leading the legal execution of real estate acquisitions, from purchase and sale agreements through closing. The counsel will work directly with entrepreneurial principals on a lean, high-velocity deal team, contributing to the strategic growth of the platform. The fund's focus on logistics infrastructure suggests potential expansion into other metropolitan areas, further transforming urban landscapes. The successful candidate will have the opportunity to shape the legal backbone of the business, with relocation assistance available for those moving to Austin.
