Multifamily-Development VP - Coastal Carolinas
D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
DHI Communities is a multifamily development division of D.R. Horton, Inc.
DHI Communities is currently looking for a Development Vice President-Multifamily. The right candidate will be responsible for overseeing all aspects of new multifamily developments. Primary focus is suburban, garden-style communities. This position coordinates all aspects of development including (i) acquisition, (ii) pre-development planning and zoning, (iii) coordination with parent-controlled general contractor, and (iv) lease-up through stabilization.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
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Formulates and executes a market strategy to maintain a consistent development and construction pipeline by directing the pursuit, entitlement, design and development of multifamily projects
- Implement and execute systems and processes to ensure pro forma development budgets, underwriting, schedules, and quality standards are met
- Source, identify, select and underwrite development opportunities
- Coordinate required activities with local officials, brokers, consultants, etc.
- Negotiate land contracts and purchase agreements
- Oversee due diligence investigations
- Oversee underwriting pro-formas including market information, operating expense data, and estimated hard and soft costs
- Project timeline and spending forecasts
- Oversee required zoning, entitlement, and permitting activities
- Oversee compilation of all components of investment packages
- Lead presentation of development opportunities
- Oversee various governmental/municipal approval processes
- Coordinate with construction personnel to successfully meet budget and timing targets
- Participates in decision-making regarding product, mix, parking, and design
- Manage consultant work and relationships
- Work with internal Leasing Operations Manager and third-party property management companies to maximize returns during lease-up
- Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
Supervisory Responsibilities
Directly manages two or more employees in the Operations Department. Carries out supervisory responsibilities in accordance with the organization's policies and applicable laws. Responsibilities include interviewing, hiring, and training employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees; addressing complaints and resolving problems.