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VP, Land Acquisition, Single Family Rental

Location:

Atlanta, GA or Orlando, FL


Company Description:

Our client develops, acquires and operates high-quality apartment communities in desirable locations coast-to-coast. While they are a national company, they pride themselves on their ability to immerse themselves in their chosen markets – in other words, living and working in the communities where they operate. They combine deep understanding of each market with 30+ years of expertise and a fresh innovative approach to the apartment industry, to build relationships and places in which people thrive – creating real and enduring value for their residents, investors and associates.


Position Description:

Our client is currently building out a vertically integrated Single-Family Rental division within the organization and need to hire an experienced VP of Land Acquisition with seven to ten years of experience to source raw land and acquisitions for this new, exciting SFR division of the company. This person will be based in Atlanta or Orlando and will report to the Southeast Region Head of Single- Family Rental.  This person will come from either single-family rental or single-family for sale.

Essential Duties & Responsibilities

  • Plan, direct, and coordinate all land acquisition activities
  • Identify and qualify potential land acquisitions in alignment with division goals and strategy
  • Manage the due diligence process on land acquisition opportunities, working closely with the Head of Single-Family Rental
  • Manage, coordinate resources, and meet all entitlement needs for land acquisitions
  • Maintain responsibility for developing departmental overhead budget and controlling the budget
  • Manage the land/lot purchase contract process with division counsel, outside counsel, and region counsel
  • Develop business community relationships and scout other avenues for possible acquisitions
  • Negotiate the acquisition of properties with landowners, attorneys or brokers
  • Prepare land valuation analysis and corporate budgets
  • Prepare memoranda and other documentation and analytics for corporate approval for land buys
  • Work alongside marketing and production team members to complete land feasibility studies
  • Negotiate directly with landowners to secure prime sites at the best price
  • Provide accurate timing for the proposed development analysis
  • Work with the development team to ensure efficient use of land and cost-effective completion of a finished lot
  • Understand and oversee site development, including local zoning, planning, and pricing
  • Work with marketing team members to monitor competitive local home building and prices
  • Participates in Company provided training such as fair housing, safety, non-discrimination, and harassment prevention.
  • Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.
  • Ensures strict compliance with plans and communicates to the President of Single-Family Rental any critical issues
  • Represent Client in the local community

Qualifications for Consideration

  • 7 – 10 years of proven, successful land acquisition experience
  • Bachelor’s degree
  • Real Estate finance experience a plus
  • Skilled in land deal structuring
  • Background in land planning, zoning, law, and real estate
  • Strong communication skills
  • Creative thinking and attention to detail
  • Able to travel overnight
  • Homebuilding industry experience a plus
  • Must have a vehicle and a valid driver’s license

To learn more about this position, contact: Cindy Shoemaker | (412) 339-5374 | cshoemaker@crownsearch.com

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