Land Acquisition Manager-FG

Forestar Group - Arlington, TX

Full-time - Mid Level

Arlington, TX

Real Estate

About the position

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. The company's vision is to be the nation's leading residential lot developer, and its strategic relationship with D.R. Horton, the nation's largest homebuilder, complements this vision. The Land Acquisition Manager-FG will play a crucial role in managing the Land Acquisition Department, responsible for finding, placing under contract, receiving governmental approval, and closing on new land that meets the division's needs. The Land Acquisition Manager will plan, direct, and coordinate all land acquisition activities, identifying and qualifying potential land acquisitions that align with division goals. This role involves managing the due diligence process on land acquisition opportunities, including initial master planning work in close coordination with internal design and land development teams. The manager will also be responsible for coordinating resources to meet all entitlement needs for land acquisitions and monitoring development phases and entitlement processes post-closing. In addition to these responsibilities, the Land Acquisition Manager will maintain responsibility for developing the departmental overhead budget and controlling it, manage the land/lot purchase contract process with division counsel, outside counsel, and region counsel, and collaborate with the Land Development Department on potential development communities. The role requires developing business community relationships and scouting other avenues for possible acquisitions, negotiating the acquisition of properties with landowners, attorneys, or brokers, and preparing land valuation analysis and corporate budgets. The manager will also prepare memoranda and other documentation for corporate approval for land buys, ensuring all business is conducted in a professional and ethical manner to serve customers and increase the goodwill and profit of the company. The position may require overnight travel.

Responsibilities

• Plan, direct and coordinate all land acquisition activities.
• Identify and qualify potential land acquisitions in alignment with division goals.
• Manage the 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.
• Maintain responsibility for developing departmental overhead budget and controlling the budget.
• Manage the land/lot purchase contract process with division counsel, outside counsel and region counsel.
• Collaborate with the Land Development Department on potential development communities.
• Develop business community relationships and scout other avenues for possible acquisitions.
• Negotiate the acquisition of properties with landowners, attorneys or brokers.
• Prepare land valuation analysis and corporate budgets.
• Prepare memoranda and other documentation and analytics for corporate approval for land buys.
• Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company.

Requirements

• Fifth year college or university program certificate;
• Seven to ten years related experience and/or training or equivalent combination of education and experience.
• Must have a vehicle and valid driver's license.

Nice-to-haves

• Strong Communication Skills
• Creative thinking and attention to detail

Benefits

• 401(k)
• Dental insurance
• Employee stock purchase plan
• Health insurance
• Life insurance
• Vision insurance