Land Acquisition Manager

New Home Co. is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas in Arizona, California, Colorado, Oregon and Washington. NEW HOME was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of "The Eliant" for Best Overall Customer Experience in the multi-divisional builder segment.

At New Home Co., we believe that PEOPLE matter. The strength of our homes is built upon a foundation of focused, energized, visionary and dedicated team members. Our goal is to provide a workplace that supports you in doing the best work of your life. 

Check out NWHM's 2023 Corporate Sustainability Report 

Position Job Title: Land Acquisition Manager 

FLSA Status: Salaried Exempt

Position Summary

Play a critical role in identifying, analyzing and presenting future residential development projects for a high-growth homebuilding company

Specific Job Duties

Financial / Market Analysis

• Preparation of competitive market analysis and financial proformas to determine the viability of proposed Land Acquisitions.
• Extract & analyze data from a variety of sources including the MLS, company databases, Metrostudy, LandVision, Zonda, and other external websites.
• Review and analyze due diligence information for potential investments.
• Work with the development and project management team to determine budgets and schedules to be used in proformas.
• Coordinate with multiple departments to understand internal costs and assumptions to be used in proformas.
• Overall project document control, including correspondence, purchase orders, invoices and supporting documentation.
• Major contributor to preparation of pre-acquisition Investment Memorandum and related support material.
• Manage internal due diligence team and process during the feasibility period.

Land Search Function

• Negotiate and prepare offer letters for land opportunities under the deal structure guidance of Land Acquisition management.
• Work with brokers, landowners, lenders, and municipalities to identify new land opportunities.
• Maintain current submarket knowledge to assess urban planning, political, market and financial issues.
• Maintain a database that identifies each target and tracks the current status of each.
• Carefully review deliverables to ensure adherence to design principles and overall community vision.
• Coordinate with project management team to ensure effective transfer of information from acquisition to development.

Managerial Responsibility

Does this position supervise other employees?  No       

Position Qualifications

Education

•  Bachelor’s degree preferred, or equivalent combination of education, training and experience
• MBA or MRED desired

Experience

• Minimum of 3-5 years of real estate and/or finance/management consulting experience.

Skills

• Strong market research capability
• Team oriented/cross-functional collaborator
• Must be detail-oriented and organized.
• Proficient in MS Office, especially Word and Excel, Google Earth Pro
• Strong verbal, written and presentation skills
• Strong desire to work in Land Acquisition
• Experience in the home-building and land brokerage industry is highly preferred

• Position requires driving as needed, frequency varies by location.
• Valid driver’s license required.
• This position often requires driving during the workday. As a contingency of employment, a background check, inclusive of an MVR, will be completed. 

Base Salary: The expected base salary range for this position is between $120,000 to $140,000 per year, depending on experience and skillset. Base Salary is paid bi-weekly, every other Friday. Additionally, this position is eligible for an annual bonus based on divisional and individual performance.

Benefits: In addition to competitive medical, dental and vision coverage, New Home Co. provides comprehensive benefits to eligible team members and their dependents, generous paid time off policies, like vacation, holidays, sick leave, jury duty, and bereavement; paid disability, parental and military leave; company-sponsored and voluntary term life, AD&D, and short- and long-term disability insurances; a 401(k) retirement plan with bi-weekly employer matching of 50% up to the first 8% of team member contributions; as well as a wellness incentive program.

The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Similarly, the work environment characteristics described are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Activities

Below are  the activities that are essential to performing the position duties

Bending 

Lifting         From  1 (lbs)    to  15 (lbs)

Seeing         Full Color Vision

Standing     Percent of time: 20%

Sitting         Percent of time: 70%

Walking      Percent of time: 10%

Repetitive Motion (i.e. Gripping)

Typing 

Talking 

Environmental Factors

The environmental factors involved with the job duties and work location include:

Normal Office

Noise Level: Low to Moderate (Corporate/Sales Office Environment)

New Home Co. retains the discretion to add or change job duties at any time.

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