VP of Land Acquisition

5 days ago

Scottsdale, Arizona, United States Thomas James Homes Full time
Job Title: VP of Land Acquisition

About the Role:

Thomas James Homes is seeking an experienced VP of Land Acquisition to lead our land acquisition team. As a key member of our leadership team, you will be responsible for setting the direction and strategy for land acquisition, leading the feasibility team to find and develop new opportunities, and overseeing the underwriting process to ensure accuracy and profitability.

Key Responsibilities:

  • Network with builders, developers, brokers, and landowners to maintain market awareness and develop contacts to become a strong competitor in our market areas.
  • Develop local market intelligence, including key markets, pricing trends, competition, and opportunity markets.
  • Assess deals within our division's buy box to determine feasibility.
  • Work closely with the feasibility team to determine performa and presentation to senior executive approval team.
  • Responsible for working with legal, finance, and outside partners to oversee the purchase of land.
  • Conducts underwriting process ensuring meets all requirements.
  • Works in partnership with sales and marketing on asset pricing throughout the entire lifecycle.
  • Oversees the disposition process to sell all assets working closely with sales and finance.
  • Spends time in the market to visit asset opportunities, participates in local activities to build network.
  • Develops strategies and targets to meet divisional revenue needs.
  • Leverages relationships and market intelligence to find off-market opportunities.
  • Negotiates deals by leveraging market knowledge to secure the best pricing.
  • Provides in-depth analysis on real estate transitions using market data and comparable pricing.
  • Reviews library portfolio and works closely with land team to determine how opportunities work within library portfolio to validate a real potential deal.
  • Creates business plan in partnership with finance and division leadership.
  • Conducts due diligence working with all stakeholders to identify deal feasibility.
  • Responsible for all spec sales 30 days prior to listing through close working closely with listing agents to hold accountable to all TJH branding as experience standards.
  • Coordinate with other land acquisition associates, sub-contractors, consultants, real estate brokers, governing agencies, utility companies, and other individuals and agencies relating to the land acquisition and development department.
  • Liaise with attorneys for need of Amendments to keep contracts compliant.

Requirements:

  • Bachelor's degree in asset management or related field.
  • 10+ years of experience in asset management or related field.
  • Extensive leadership experience in asset management or related field.
  • Experience leading other people leaders and larger teams comprised of both direct and indirect reports.
  • Proven effectiveness in conceiving and leading new and novel strategies and initiatives.

What We Offer:

  • PTO + Paid Holidays.
  • WFH Flexibility.
  • 401(k) matching - 100% vested.
  • Supplemental Life & AD&D.
  • Employee Discounts & Perks.
  • Medical, Vision, and Dental insurance.
  • FSA & HSA Spending Accounts.
  • Referral program.
  • Employee paid Pet Insurance.
  • Employee Assistance Program.
  • Wellness Programs.
  • Tranquility Rooms at each location.
  • Technology allowance and unlimited pantry snacks.

About Thomas James Homes:

Thomas James Homes is an Equal Opportunity / Affirmative Action employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, age, national origin, disability, protected veteran status, gender identity, or any other factor protected by applicable federal, state, or local laws.

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