What are the responsibilities and job description for the Land Acquisition Manager position at M/I Homes?
M/I Homes has been building new homes of outstanding quality and superior design for more than 40 years. Founded in 1976 by Irving and Melvin Schottenstein and guided by Irving’s drive to always “treat the customer right,” we have fulfilled the dreams of over 140,000 homeowners and grown to become one of the nation’s leading homebuilders. M/I Homes started as a family business and grew into a national leader in a single generation with divisions in 17 markets, including Austin, Charlotte, Chicago, Cincinnati, Columbus, Dallas, Detroit, Ft. Myers/Naples, Houston, Indianapolis, Minneapolis, Nashville, Orlando, Raleigh, San Antonio, Sarasota, and Tampa.
Job Summary:
The Land Acquisition Manager for M/I Homes (NYSE “MHO”) coordinates and assists with the analysis and acquisition of real estate, both vacant land and developed lots, to provide sufficient land supply to support the homebuilding operations in Greater Houston.
Duties and Responsibilities:
- Identify vacant land and developed lot opportunities in the Greater Houston Area.
- Conduct analysis for prospective land deals, including researching pricing and sales activity and preparing initial financials, to determine viability.
- Prepare letters of intent (LOI’s), as necessary, to establish deal terms.
- Coordinate preparation of and tracking of contracts, deposit requests, and closings.
- Assist in the title review and land entitlement process during feasibility prior to closing.
- Manage the preparation of Competitive Market Analysis reports (CMAs) and Land Acquisition Financial reports (LAFs) as part of the prospective land deal evaluation and corporate approval process.
- Maintain and develop relationships with landowners, brokers, and developers.
- Monitor land and lots for sale by other builders and developers.
- Target future acquisitions by analyzing market and housing trends, GIS maps, and leads provided.
- Meet with sellers, brokers, engineers, planners, municipalities, and other agencies as required for each property under consideration.
- Assist with special projects as requested and perform additional duties as required.
Minimum Education Experience:
Bachelor’s degree in business, real estate, finance, or related discipline preferred with 2-4 years of experience in real estate acquisitions or a related field.
Skills and Abilities:
Excel, Word, and Power Point.
Work Conditions:
Primarily in office with some local, in market area travel.
A valid driver’s license and ability to drive to attend offsite meetings and visit land sites within the market area are required.
M/I Homes offers a comprehensive benefits package, including medical, dental, vision, paid time off and paid holidays, paid parental leave, traditional and Roth 401(k) options, profit sharing plan, employee stock purchase plan, employee home purchase plan and more.
We are committed to attracting, developing, and retaining diverse talent that reflects the customers we serve and the communities where we live and work.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
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