VP Land Acquisition

OverviewCritical member of division leadership team responsible for providing the division with undeveloped land and finished lots enabling it to accomplish its sales, settlements, profitability, and growth targets as established in the division strategic plan. Work with the management team to ensure our sales, marketing and construction requirements are met on each deal.ResponsibilitiesManage the land acquisition department; ensure that it is competently staffed and functional. Identify land opportunities, which do not satisfy the division’s objectives, but have potential profit opportunities through the resale processManage the sale of division assets as requiredAdvise Division President on opportunities, market trends and competitionConduct weekly land status report meeting with Division PresidentIdentify land that aligns with the strategic plan and be able to coordinate the acquisition, zoning, and development processes.Negotiate price and terms of property acquisitions to ensure the division has a competitive edge in our respective target sub-markets. Land needs to be acquired on terms that meet or exceed our financial requirements.Partner with zoning attorneys, our real estate attorney, developers (both in-house and outside) and local regulatory agencies to ensure that the division’s risks are eliminated or mitigated.Identify opportunities for the division to buy and “flip” land at a profit for the division. Manage any lot or land sale functions within the division.Participate in the creation of the division strategic land acquisition planning process. Help guide the process to competitive acquisition targets that although rare, are possible to findIdentify and submit to the Division Manager enough suitable deals in accordance with our strategic plan, to achieve our financial objectives. Ensure that the land pieces submitted are strategically driven taking into consideration price points, competition, targeted customer profiles and supply/demand analysisActively look for niche land positions requiring direct contracting from owners, to include assemblage opportunities and joint venture scenariosDevelop extension broker connections so that we see a large number of new deals early in the selling processDevelop good contracts with the local developer community to provide the division with option deals in good subdivisions at competitive pricesInitiate the contract process, review all contract changes, oversee our attorney reviews and negotiations, identify major contractual risks (and their concurrent obligations), and ensure all our major deal point issues are addressed in each transaction.Manage the zoning and permitting processes. Ensure that we get the best possible density and conditions from the process - ensure our contracts are linked to these results.Manage our market knowledge and sub-market analysis projects to ensure that we have current data on land prices, lot prices, absorption, selling times, schools, road improvements, utilities, sewer, job centers, competition, municipal requirements, and other data needed to develop and refine our strategic land acquisition objectives.Ensure that we budget for and control our land acquisition budget to include due diligence and research.QualificationsBachelor’s degree in business, real estate, finance, or related field required.Master’s degree in business, finance, real estate, or related field preferred.At least five years of experience in land acquisition, divestiture and development.Realtor or Broker’s license preferred.Experience with MS Office Products (e.g., Word, Excel, PowerPoint, Outlook) and ability to learn other computer programs.Knowledge OfResidential real estate laws and zoning regulationsContract language and the ability to identify critical deal pointsBroker networkingSupply/demand analysis and demographic mappingLocal residential housing marketsBasic land development processBasic financial analysis and proforma creation.Deal structures: option contracts, mezzanine financing, joint ventures, assemblages, and land bankingTopographical effects on developmentBasic sales and marketing functionsTypical Physical And Mental DemandsMust be able to read, write, and speak fluently in English. Spanish language skills are helpfulEmployees in the position are required to be able to hear and have sufficient vision to utilize all office equipmentUse of hands and fingers is required to utilize standard office equipmentUse of feet and legs required to walk, climb and maneuver within construction sitesThese physical requirements are representative of those required to successfully perform the essential functions of this position. Reasonable accommodation will be provided to enable individuals with disabilities to perform these functions if requested.Working ConditionsWork is generally performed in the field, i.e., home building construction sites. Occasional work will be performed in a typical office environment and may involve the use of a typical office environment using standard office equipment. Work is typically active in nature, but some sitting may be required. Fast paced environment subject to numerous schedule and priority changes and short notice activity. #J-18808-Ljbffr

Created: 2025-10-08