Development VP-Multifamily

  • D.R. Horton, Inc.
  • Orlando, FL, USA
  • May 14, 2019

Job Description

D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries.? Please visit our website at for more information.

D.R. Horton, Inc. is currently looking for a Development Vice President-Multifamily. The right candidate will be responsible for overseeing all aspects of new multifamily developments.? Primary focus is suburban, garden-style communities. This position coordinates all aspects of development including (i) acquisition, (ii) pre-development planning and zoning, (iii) coordination with parent-controlled general contractor, and (iv) lease-up through stabilization.

Essential Duties and Responsibilities include the following. Other duties may be assigned.

??Formulates and executes a market strategy to maintain a consistent development and construction pipeline by directing the pursuit, entitlement, design and development of multifamily projects
??Implement and execute systems and processes to ensure pro forma development budgets, underwriting, schedules, and quality standards are met
??Source, identify, select and underwrite development opportunities
??Coordinate required activities with local officials, brokers, consultants, etc.
??Negotiate land contracts and purchase agreements
??Oversee due diligence investigations
??Oversee underwriting pro-formas including market information, operating expense data, and estimated hard and soft costs
??Project timeline and spending forecasts
??Oversee required zoning, entitlement, and permitting activities
??Oversee compilation of all components of investment packages
??Lead presentation of development opportunities
??Oversee various governmental/municipal approval processes
??Coordinate with construction personnel to successfully meet budget and timing targets
??Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
??Must have a vehicle and a current valid driver?s license
??Ability to travel overnight
??Participates in decision-making regarding product, mix, parking, and design
??Manage consultant work and relationships
??Work with internal Leasing Operations Manager and third-party property management companies to maximize returns during lease-up

Supervisory Responsibilities
  • Supervises 2 or more employees
Required Qualifications
  • Bachelor?s degree (B.A.) in Business, Finance, Real Estate or related field
  • Minimum of 10 years of experience in multi-family real estate, development/acquisitions with a minimum of 3 years management experience
  • Strong organizational and time management skills
  • Maintain confidentiality
  • Effective oral and written communication skills with the ability to conduct presentations to the Investment and Executive Committees
  • Ability to apply common sense understanding to carry out instructions furnished in written oral form 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 and peripheral vision
  • The noise level is generally moderate
Preferred Qualifications
  • Proactive, self-directed, and highly motivated
  • Ability to analyze and effectively resolve problems
  • Excellent interpersonal skills; ability to relate to others and respond effectively to sensitive inquiries or complaints
Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:

??Medical, Vision and Dental
??401(K)
??Employee Stock Purchase Plan
??Flex Spending Accounts
??Life Insurance
??Vacation, Sick, Personal Time and Company Holidays

Build YOUR future with D.R. Horton, America?s Builder.
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