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Director of Land Acquisition and Development

2 months ago

Texas, United States Macdonald & Company Full time
About the Role

Macdonald & Company is seeking a seasoned professional to lead the growth of their Multifamily pipeline in Austin, TX. As a key member of the team, you will be responsible for identifying, entitling, and securing new multifamily development opportunities in the region.

Key Responsibilities
  • Deal Sourcing: Identify and secure new deals in Austin to meet the company's business plan goals.
  • Research and Development: Conduct thorough research on development opportunities, including market trends and competitor analysis.
  • Cultivating Relationships: Build and maintain relationships with key stakeholders, including brokers, developers, and city officials.
  • Entitlements: Oversee the entitlement process, including submittals, timelines, and negotiations with city staff and elected officials.
  • Site Control: Negotiate and secure main economic terms with land sellers, prepare and submit letters of intent, and lead land purchase contract preparation and negotiation.
  • Investment Committee Approval: Develop investment packages and pitches for presentation to the Investment Committee, manage and verify underwriting analysis, and assist in the creation of PowerPoint presentations.
  • Market Research: Train and manage analysts in tracking market economics, including return on cost and cap rate metrics, and build networking capabilities through industry conferences and broker community engagement.
Requirements
  • Proven track record in land acquisition and development.
  • Strong understanding of multifamily development and market trends.
  • Excellent communication and negotiation skills.
  • Ability to work independently and as part of a team.
  • Strong analytical and problem-solving skills.