Vice President of Land Acquisition

2 weeks ago

Columbus, United States MI Homes Full time
Job DescriptionJob Description

M/I Homes has been building new homes of outstanding quality and superior design for more than 40 years. Founded in 1976 by Irving and Melvin Schottenstein and guided by Irving’s drive to always “treat the customer right,” we have fulfilled the dreams of over 140,000 homeowners and grown to become one of the nation’s leading homebuilders. M/I Homes started as a family business and grew into a national leader in a single generation with divisions in 17 markets, including Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Detroit, Ft. Myers/Naples, Houston, Indianapolis, Minneapolis, Nashville, Orlando, Raleigh, San Antonio, Sarasota, and Tampa.

Job Summary:

The Vice President of Land Acquisition for M/I Homes is responsible for managing, overseeing and ultimately implementing the Division’s land acquisition strategy. The Vice President of Land Acquisition is charged with negotiating, managing and coordinating the acquisition of real estate for the purposes of developing residential communities and subdivisions and managing the land acquisition team. The Vice President of Land Acquisition will report to the Vice President of Land and Area President.

Duties and Responsibilities:

  • Identifies, sources and acquires land for the development of residential communities in the Central Ohio region.
  • Help craft and implement the Division’s land acquisition strategy. Actively participates in Division strategic planning process for future growth.
  • Analyze submarkets for possible acquisitions within targeted profitability ranges and feasibility criteria established by the Division and Corporate Management.
  • Manage the land acquisition team members.
  • Negotiates price and contracts with sellers; provides information for preparation of contracts and closing documents and manages outside vendors (e.g., lawyers and engineers).
  • Prepares land acquisition packages for presentation and corporate approval.
  • Performs project underwriting and generates letters of intent (LOI’s).
  • Manages the land entitlement process and assists in the due diligence process.
  • Develops and maintains property contact listings through continuous research and analysis of available land; establishes and maintains builder and developer contacts for available lots.
  • Drives the evaluation process and inspection of land under consideration.
  • Monitors inventory of available excess lots for sale by other builders and developers.
  • Meets with seller/engineers/planners/municipalities/other agencies as required for each property under consideration.
  • Assists with special projects as requested and performs additional duties as required.

Requirements

Preferred Education and Professional Experience:

Bachelor’s degree in business, real estate, or civil engineering. 7-10 years’ experience in real estate acquisitions (residential a plus). 3-5 years’ experience managing growth-oriented teams. Ability to drive the market requires a valid driver’s license and good driving record.

Skills and Abilities:

  • Persuasive attitude with outstanding negotiation and organizational skills; detail-oriented aptitude.
  • Ability to research, interpret, analyze, and evaluate given information relative to the acquisition and disposition of appropriate land sites.
  • Excellent verbal and written communication skills for effective interaction with a variety of people inside and outside of organization.
  • Strong marketing skills with ability to identify available products; capable of handling responsibility for large land purchase budget; required inventories and purchase of such.
  • Decisiveness and good judgment, problem-solving and analytical skills to act with authority and take approved risks in an environment with little direction from others.
  • Working knowledge of given market and geographical locations.

Benefits

M/I Homes offers a comprehensive benefits package, including medical, dental, vision, paid time off and paid holidays, paid parental leave, traditional and Roth 401(k) options, profit sharing plan, employee stock purchase plan, employee home purchase plan and more.

We are committed to attracting, developing, and retaining diverse talent that reflects the customers we serve and the communities where we live and work.

We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.

#IND123

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