Build to Rent Land Acquisition and Development Director

Taylor Morrison - Scottsdale, AZ

Full-time - Mid Level

Scottsdale, AZ

Construction of Buildings

About the position

As a Land Acquisition and Development Director for Build to Rent (BTR) at Taylor Morrison, you will play a pivotal role in the land acquisition, entitlement planning, and development processes specifically tailored for higher-density build to rent developments. These hybrid developments consist of single-family homes designed within a multi-family apartment-style setting. Your primary responsibility will be to directly source land that meets the criteria for build to rent and to oversee the entitlement and development of these properties in accordance with Taylor Morrison's established playbook for BTR strategy. In this role, you will utilize geographic market study data to identify submarkets that align with our build to rent strategy, focusing on our target consumers and their preferences. Establishing a robust network of colleagues, brokers, and sellers will be essential for bringing forth build to rent acquisition opportunities. You will also be tasked with educating third-party stakeholders, including municipalities, brokers, and land sellers, about our build to rent footprint. A thorough understanding of residential, commercial, and multi-family municipal zoning ordinances is crucial, as you will apply this knowledge to secure build to rent entitlement approvals. Your responsibilities will include identifying, controlling, and purchasing properties necessary to meet divisional build to rent forecasts and financial objectives. You will negotiate land purchase contracts, review them with outside counsel, and collaborate with engineers, planners, and government agencies to ensure the successful execution of high-density site plans. Additionally, you will review due diligence materials for land acquisitions, subdivision development agreements, environmental reports, and soils studies as needed. Generating financial proforma model projections for proposed communities, preparing asset committee land approval request submissions, and developing project timeline schedules for planning and development work will also be part of your duties. You will manage land development budgets, oversee the bid process for land development and amenity work, and coordinate front-end activities with Construction and other internal departments to ensure timely project execution. Staying informed about local market land transactions for multi-family and proposed single-family for rent communities will be essential, as will proactively advising the Division President and BTR leadership of potential problems and proposing solutions.

Responsibilities

• Utilize geographic market study data to identify submarkets that are best suited for our build to rent strategy based on our target consumers and their preferences.
• Establish a network of colleagues, brokers and sellers able to bring build to rent acquisition opportunities.
• Educate third party stakeholders (municipalities, brokers, land sellers etc.) regarding our build to rent footprint.
• Understand residential, commercial and multi-family municipal zoning ordinances and apply as appropriate to achieve build to rent entitlement approvals.
• Identify, control and purchase properties necessary to achieve established divisional build to rent forecasts and financial objectives.
• Negotiate land purchase contracts and review with outside counsel.
• Meet with engineers, planners and government agencies to ensure proper execution of high-density site plans.
• Review due diligence materials for land acquisitions.
• Review subdivision development agreements, environmental reports and soils studies as needed.
• Generate financial proforma model projections for proposed communities with assistance from Finance.
• Prepare asset committee land approval request submittals.
• Prepare project timeline schedules for planning and development work.
• Generate and maintain land development budgets.
• Manage the bid process for land development and amenity work.
• Coordinate front-end activities with Construction and other internal departments to ensure timely project execution.
• Keep abreast of local market land transactions for multi-family and purposed single family for rent communities.
• Proactively advise the Division President and BTR leadership of potential problems and proposed solutions.

Requirements

• Bachelor's degree in Business, Planning, Civil Engineering or Construction Management.
• Five years of experience in land acquisition, entitlements and development.
• Experience in multi-family or single family build to rent projects highly preferred.
• Involvement with higher density zoning, entitlements and development highly preferred.
• Local land market and municipal knowledge highly preferred.
• Computer proficiency.
• Ability to anticipate possible obstacles and propose favorable solutions.
• Strong work ethic and commitment to implementation and execution of BTR playbook strategy.
• Concise writing and public speaking/presentation skills are desirable for reporting to internal and external customers.