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**Vice President of Strategic Land Acquisitions**
2 months ago
About Us
Thomas James Homes is a leading residential construction company in the real estate industry. We are a professional and agile organization, committed to delivering exceptional results and building long-term relationships with our clients.
Our Mission
We are passionate about creating sanctuaries that radiate with positive energy, providing a sense of peace, safety, and joy for our clients and their families. We strive to reduce the stress of urban life and treat everyone like family, fostering a culture of empathy, transparency, and honesty.
Our Work Environment
We offer a modern office setting, growth opportunities, and a range of company perks to support the well-being and success of our employees.
The Role
The Vice President of Strategic Land Acquisitions will be responsible for setting the direction and strategy for land acquisition, leading a team to meet and exceed business plans. This role will oversee the feasibility team, conduct financial analysis, and present deals to senior leadership. The successful candidate will be accountable for pricing and underwriting, ensuring accuracy and profitability.
Key Responsibilities
- Network with builders, developers, brokers, and landowners to maintain market awareness and develop contacts.
- Develop local market intelligence, including key markets, pricing trends, competition, and opportunity markets.
- Assess deals within the division buy box to determine feasibility.
- Work closely with the feasibility team to determine performa and presentation to senior executive approval.
- Oversee the purchase of land, working with legal, finance, and outside partners.
- Conduct underwriting, ensuring all requirements are met.
- Partner with sales and marketing on asset pricing throughout the lifecycle.
- Oversee the disposition process, selling all assets, and working closely with sales and finance.
- Develop strategies and targets to meet divisional revenue needs.
- Leverage relationships and market intelligence to find off-market opportunities.
- Negotiate deals, leveraging market knowledge to secure the best pricing.
- Provide in-depth analysis on real estate transitions, using market data and comparable pricing.
- Review library portfolio and work with the land team to determine opportunities.
- Conduct due diligence, working with stakeholders to identify deal feasibility.
- Responsible for all spec sales, 30 days prior to listing through close, working closely with listing agents.
- Coordinate with land acquisition associates, sub-contractors, consultants, real estate brokers, governing agencies, utility companies, and other individuals and agencies.
- Liaise with attorneys for contract amendments.
Requirements
- Bachelor's degree in asset management or a related field.
- 10+ years of experience in asset management or a related field.
- Extensive leadership experience in asset management or a related field.
- Experience leading other people leaders and larger teams.
- Proven effectiveness in conceiving and leading new and novel strategies and initiatives.
What Will Set You Apart
- Uses analytical skills and business acumen to assess opportunities for feasibility.
- Demonstrated strong negotiation skills and able to get win-win solutions.
- Able to underwrite deals to ensure accuracy and profitability.
- Detailed knowledge and understanding of contracts, ensuring they meet all legal, jurisdictional, and company requirements.
- Develops and manages budgets within the asset management area, including forecasting and adjusting as required.
- Strong research and assessment skills to uncover deals and determine feasibility.
Benefits
- 401(k) plan.
- Dental insurance.
- Health insurance.
- Paid time off.
- Vision insurance.
Schedule
- Monday to Friday.
- No weekends.
Experience
- Leadership: 5 years (preferred).
- Residential construction: 5 years (preferred).
Ability to Commute
- Culver City, CA (preferred).
Ability to Relocate
- Culver City, CA 90230: Relocate before starting work (required).
Work Location
- Hybrid remote in Culver City, CA 90230.
