Land Acquisition Manager
As a top 10 U.S. homebuilder—and the fastest-growing public builder for three years in a row—we know what it takes to be a market gamechanger, and that includes providing you with all the resources, opportunities and benefits to build a thriving and rewarding career.
Team members enjoy an excellent benefits package that includes medical, dental, vision, 401(k) with employer match, paid time off and sick leave, plus home and mortgage discounts. We also offer competitive salaries with the potential for discretionary bonuses and/or commission structure (depending on the position).
Our mission of building, financing and insuring A Home For Every Dream™ is only possible with the best talent in the industry. If that’s you—if you’re a self-starter, changemaker and thoughtful collaborator ready to take their career to the next level—then apply today!
Century Communities in Salt Lake City is currently in search of a Land Acquisition Manager to join the Salt Lake City Division Land team!
The Land Acquisition Manager assists with identifying new land acquisition opportunities that align with the land strategy and business plan goals of the division. Conduct research, provide analysis and manage land data for the purposes of maximizing the profit of existing and proposed land assets.
Essential Functions and Responsibilities:
- Contact landowners in specific target areas directly (in person, by phone, letters of interest, and other means).
- Use online appraisal district maps and municipal maps to gather information on specific sites or areas. Information will include utilities, zoning, topography, entitlement status, and other development-related information to assess each site.
- Maintain a tracking log of viable tracts and comparable transactions.
- Follow municipal agendas weekly to understand what active projects an acquisition opportunity for maybe partially entitled, fully entitled or finished lots.
- Contact brokers on their listings and gather pertinent information.
- Establish relationships based on integrity throughout the real estate community – landowners, brokers, municipal employees, engineers, developers, attorneys, land planners, and personal relationships which may lead to an opportunity. Attend networking events to generate new contacts and source deals.
- Follow up on leads through relationships and news gathered from a variety of media sources.
- Due diligence assistance with zoning requirements, architectural requirements, utility availability, surveys, title work, rollback tax estimations, soil reports, financial analysis, environmental reports, work proposals, preliminary engineering, and land planning.
Knowledge/Skills and Abilities:
- Utilize Google Earth and other mapping tools to create exhibits and track land opportunities.
- Incorporate utility information, floodplain, and net acreage into map exhibits.
Underwriting/Competitive Market Analysis/Letters Of Intent
- Assist land team with the preparation of financial proformas and plugging in assumptions including timing, pricing, product lineup, sales pace, municipal fees, and other costs associated with development to determine the viability of proposed land acquisitions.
- Perform residual analyses to determine appropriate offer prices for land acquisitions.
- Update and maintain proformas as assumptions change.
- Populate CMA’s to help understand how the proposed product line up and pricing compares to other communities in the market area.
- Create reports from market research resources such as Zonda, Bohlke, Metrostudy, and other data resources to help determine consumer’s product preferences.
- Assist in the preparation of LOI’s based on the terms discussed with acquisition leadership.
Asset Management Committee (AMC) Packages/Updates/Memos
- With the guidance and assistance of Land Acquisition leadership, prepare detailed land packages with relevant support data and exhibits for submittal to the Asset Management Committee to seek approval of real estate transactions.
- Assist with the preparation of update memos during the acquisition period as well as during development and post-closing.
Education and Experience:
- Four-year degree in Business, finance, engineering or related field required. Master’s Degree a plus.
- Minimum of 5 years’ experience in Homebuilding/Residential construction, Single or Multi-Family Land Acquisitions REQUIRED.
- Experience in Land Acquisitions, Planning and Development.
- Knowledge and existing relationships of/in the Salt Lake City land market.
- Knowledge of Fair Housing Laws
- Ability to read, analyze and interpret financial reports or legal documents.
- Ability to plan, organize, manage and supervise activities of direct reports.