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Land - Land Acquisition Manager
Empire Communities
2021-12-03 07:32:07
Houston,
Texas,
United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Land - Land Acquisition Manager
The Land Acquisition Manager will be primarily responsible for locating and managing the land resources necessary for the Division to obtain its operating budgets by; locating, negotiating contracts for, and managing the acquisitions of fully finished developed lots and undeveloped land.They are responsible for the research, market and financial analysis, due diligence, and preparation of reports for potential and ongoing land acquisition projects.
Key Functions & Duties:
The following is not an exhaustive or comprehensive list of activities, duties or responsibilities of this position. The duties, responsibilities and activities of this position may change at any time, with or without notice.
Houston, TX, USA Req #383
Wednesday, May 26, 2021
Position Overview
The Land Acquisition Manager will be primarily responsible for locating and managing the land resources necessary for the Division to obtain its operating budgets by; locating, negotiating contracts for, and managing the acquisitions of fully finished developed lots and undeveloped land.They are responsible for the research, market and financial analysis, due diligence, and preparation of reports for potential and ongoing land acquisition projects.
Key Functions & Duties:
The following is not an exhaustive or comprehensive list of activities, duties or responsibilities of this position. The duties, responsibilities and activities of this position may change at any time, with or without notice.
- Identify acquisition opportunities through contacts with local land developers, brokers, builders, bankers, landowners, engineers, planners, attorneys and municipal officials.
- Assist in the underwriting process for land acquisition opportunities, including the preparation of specific competitive market analysis studies and preparing financial proformas to present to senior management for potential acquisitions.
- Determine lot and land values in the specific submarkets by comparing like property sales by means of public records, developers and other professional affiliates.
- Evaluate potential land acquisitions and work with Regional and Division Management to determine the appropriate land price, product, house price, house cost, and acquisition structure to maximize profits.
- Track and monitor significant land transactions within the Division market territory
- Review and interpret zoning, land use ordinances and master plans.
- Conduct due diligence, lead the budgeting process, and complete any and all due diligence checklists required for investment committee applications and presentations.
- Lead and assist senior management in assembling Investment Committee (IC) Memos for corporate submittal, which includes assisting in the preparation of executive summaries, marketing summaries, area maps, aerial photos, lot/ land competitive market analysis, financial narratives, and proformas.
- Develop a broad understanding of the various municipalities within the Division's territory and coordinate government review.
- Manage and establish homeowners' associations for existing assets and new acquisitions and coordinate all HOA related activities with external HOA attorneys and HOA management companies.
- Develop a broad understanding of the market including the competition, house types/sizes, price points, and sales absorptions for each county within the Region.
- Update and maintain the Regional and Divisional land pipeline reports and associated exhibits for all Divisions, as well as the monthly Lot Contract Summary report and Lot Cost Analysis report for each Division.
- Negotiate with land developers, landowners and/or their agents.
- Review, make recommendations for modifications, monitor and request amendments to purchase and sale agreements.
- Coordinate joint venture agreements or joint venture management agreements as appropriate.
- Manage files and systems needed within the land department.
Skills and Qualifications
- Bachelor's degree in Business, Economics, or similar field preferred
- 1 - 3 years of homebuilding industry experience in Land Acquisition or Development
- Strong negotiation skills with the ability to prepare, interpret and present financial analyses, as well as statistical market analyses
- Ability to present information to senior management, public groups, and/or internal employees required.
- Strong understanding of the housing marketplace, market trends and market analysis.
- Strong analytical and researching skills, and the ability to assemble information on a timely basis and from a variety of sources.
- Strategic planning abilities, handling multiple tasks with simultaneous deadlines and demonstrating good judgment and decision-making skills.
- Proficient in Microsoft Office, Microsoft Excel, Word, Power Point and Financial Management Systems.
- Valid Driver's License with good driving record.
- Valid Auto Insurance Coverage.
- Ability to work well in a team.
- Strong written and oral communication skills.
- Highly motivated self-starter with the willingness to learn.
Other details
- Pay Type
Salary