Land Acquisition Associate Job at RogueSearch, Edgewater, MD

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  • RogueSearch
  • Edgewater, MD

Job Description

Bring your experience in residential real estate development, acquisitions, community development, etc and join our client - a Fortune 500 Residential Builder who has been the leader in their industry for 20 years straight.

Highlights:

  • Financial Stability: A bullet-proof balance sheet, strong liquidity (cash stores), and low leverage (debt) allow for this builder to weather macroeconomic uncertainties better than competitors.
  • Multi-brand strategy: Serving all major buyer groups – entry, first time, move up, luxury, active adult and BTR increasing number of deals this land acq team can consider.
  • Established Development Partner : Support of National Development firm will aid in being able to go after unique and complicated land deals or land assemblages.

What you’ll do:

  • Find, place under contract, receive governmental approval, and close on new land assets, this includes undeveloped land + developed lots.
  • Work with property owners, brokers, land developers, city officials and others to secure land.

Responsibilities:

  • Generate land acquisition opportunities through a network of industry contacts including major developers and landowners in the DC / Baltimore corridor.
  • Receive and provide initial response plan for all new leads from outside sources
  • Perform Title and municipal research and initial “cold call” inquiry for potential land leads
  • Complete financial analysis of potential acquisitions, including specific market research to substantiate proforma pricing.
  • Provide all pertinent property description information, seller demands, terms, conditions and contact information to management
  • Prepare letters of intent
  • Maintain close relationships with land developers, brokers, and landowners
  • Underwrite and analyze the financial aspects of each development opportunity
  • Communicate regularly with city officials
  • Negotiate purchase contracts with sellers
  • Prepare memoranda and other documentation and analytics for corporate approval for land buys
  • Consult with Division President regarding strategic planning and assisting finance personnel in preparation of the division’s annual business plan.

What you’ll need:

  • Bachelor’s Degree required
  • 6+ years of experience acquiring land for ground-up construction projects (residential preferred)
  • Extensive experience sourcing and negotiating land deals from inception to closing, with the ability to independently source deals through off-market opportunities, broker relationships, and field research
  • Knowledge of the Maryland land markets to include experience developing relationships with local landowners, brokers, civic officials, zoning officials, engineering community, etc would be a strong benefit
  • Working knowledge of zoning and land use practices, development standards, and utility solutions

Job Tags

Contract work, Local area,

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