Land Acquisition Manager

$90,000 - $125,000/Yr

Olthof Homes - Indianapolis, IN

Full-time - Mid Level

Indianapolis, IN

Construction of Buildings

About the position

The Land Acquisition Manager is a pivotal role within the organization, responsible for identifying and acquiring suitable raw land and finished lots in the Indianapolis region. This position requires a proactive approach to market research, where the manager will analyze employment statistics, demographics, sales volumes, and competitor data to inform acquisition strategies. The role emphasizes the importance of building and maintaining relationships with a network of brokers, developers, and landowners, with a particular focus on developing personal relationships with landowners to generate acquisition opportunities. In addition to relationship building, the Land Acquisition Manager will be tasked with maintaining and updating information on area land closings and identifying acquisition opportunities that align with corporate requirements. The manager will also negotiate and secure letters of intent and purchase agreements for land and finished lots, assist with property due diligence, and prepare underwriting packages for management review. Collaborating with corporate teams, the manager will contribute to the development of an annual strategic land plan that defines geographic areas, product, and pricing goals to guide acquisition efforts and support the overall strategic plan of the organization.

Responsibilities

• Conduct general market research for the area market including employment statistics, demographics, sales volumes, and data for competitors and their communities.
• Maintain and update information on area land closings.
• Generate acquisition opportunities by developing relationships with a network of brokers, developers, and landowners, focusing on personal relationships with landowners directly.
• Identify acquisition opportunities that meet corporate requirements and maintain a database of relevant information.
• Negotiate and secure letters of intent and purchase agreements for land and finished lots.
• Assist with completion of property due diligence.
• Assist with the preparation of underwriting packages for submittal to management.
• Assist with land closings.
• Work with Corporate on an annual strategic land plan defining geographic areas, product, and pricing goals to guide acquisition efforts and support the overall strategic plan.

Requirements

• Bachelor's Degree in Construction Management, Business, or related area of study.
• 5 years' experience in residential construction, single or multi-family land acquisitions.
• Knowledge of the Indianapolis land market is helpful but not required.
• Experience in land acquisitions, planning, and development is helpful.

Benefits

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Paid time off