Real Estate Investment & Development VP-FG

Forestar Group Inc.; Midlothian (VA); On-site; USD 175,000 - 215,000; Full time

Benefits offered by this job

Medical, Dental and Vision

401(K)

Employee Stock Purchase Plan

Flex Spending Accounts

Life & Disability Insurance

Vacation, Sick, Personal Time and H&O

Job summary

Forestar Group Inc. is seeking a Real Estate Investment & Development VP-FG to assist the Senior VP or Regional President with acquiring and developing real estate projects. The role requires leading asset management, coordinating entitlements, and building relationships with builders and authorities.

Ideal candidates will have a Bachelor's degree and strong experience in budgeting, negotiations, and project management to drive financial performance and growth in residential development markets.

Qualifications

• Bachelor's degree or higher required.
• Ability to apply commonsense understanding to carry out instructions in written or oral form.
• Proficiency with MS Office and email.
• Able to sit for long periods; good vision and hearing.
• Work environment involves moderate noise level.

Responsibilities

• Manage assets for specific real estate projects.
• Direct acquisition and land development activities.
• Oversee plats, plans, and bid processes for contractors.
• Secure governmental approvals for development and construction.
• Assist with budgeting and financial performance of projects.
• Negotiate property acquisitions with landowners, attorneys or brokers.
• Prepare memoranda and analytics for approvals of land buys.
• Manage due diligence for land acquisition opportunities.
• Coordinate HOA meetings and relationships with builders.

Skills

Leadership

Budgeting

Negotiation

Project management

Education

Bachelor's degree (B.A.) from four-year college or university

Tools

MS Office

Email

Job description

Forestar Group Inc. is a residential lot development company focused on delivering desirable communities for homebuilders in both established locations and long-term growth markets. Forestar’s vision is to be the nation’s leading residential lot developer. The Company’s strategic relationship with D.R. Horton, the nation’s largest homebuilder, complements Forestar’s vision of creating neighborhoods that enhance the lives of community residents while creating value for shareholders, trade partners and employees.

Forestar Group is currently looking for a Real Estate Investment & Development VP-FG. The right candidate will assist the Senior Vice President or Regional President as appropriate with the acquisition and development of specific real estate projects.

Essential Duties and Responsibilities

• Manage assets for specific real estate projects
• Plans, directs and coordinates acquisition and land development activities
• Oversees preparation of plats and plans, supervises the bid process for construction contractors
• Secures governmental approvals for development and construction with federal state and local jurisdiction officials
• Assists with budgeting and forecasting, responsible for execution and financial performance of projects
• Negotiates the acquisition of properties with landowners, attorneys or brokers
• Prepare memoranda and other documentation and analytics for corporate approval for land buys
• Manage due diligence process on land acquisition opportunities, including initial master planning work in close coordination with internal design and land development teams
• Manage, coordinate resources for and meet all entitlement needs for land acquisitions
• Monitor development phases and entitlement processes post-closing
• Responsible for Homeowner’s Associations (HOA) meetings for residential land developments and operates the HOA until residents assume control
• Build and maintain relationships with national, regional and local home builders as well as commercial builders
• Leads or assists where appropriate, with the negotiations for the sale of residential lots to homebuilders as well as commercial tracts to commercial builders
• Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
• Must have a valid driver’s license and vehicle
• Ability to travel overnight
• Manages day-to-day customer, partner, and/or vendor relationships
• Work with area municipalities and utility contractors

Supervisory Responsibilities

• Directly manages 2 or more employees.

Required Qualifications

• Bachelor's degree (B. A.) from four-year college or university
• Ability to apply commonsense understanding to carry out instructions furnished in written, oral from or via DRH applications
• Proficiency with MS Office and email
• Ability to sit for majority of 8-hour workday; use hands to finger, handle or feel; reach with hands and arms; talk and hear. Specific vision abilities required by this job include close vision, distance, color vision and peripheral vision
• The noise level is generally moderate

Preferred Qualifications

• Seven to ten years related experience

Estimated Compensation Range: $175,000.00 - $215,000.00

Come join a winning team! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package:

• Medical, Dental and Vision
• 401(K)
• Employee Stock Purchase Plan
• Flex Spending Accounts
• Life & Disability Insurance
• Vacation, Sick, Personal Time and Company Holidays
• Multiple Voluntary and Company provided Benefits