Main Responsibilities of a Land Acquisition Project Manager at D.R. Horton
Hayden's role as a Land Acquisition Project Manager at D.R. Horton involves extensive communication—"with landowners, city officials, brokers, and team members"—and detailed market analysis to inform land purchase decisions. This includes understanding city growth plans "40 years down the line" and "underwriting deals," combining data from various departments to determine a suitable land acquisition price.
Project Management, Communication, Data Analysis, Market Analysis, Real Estate
Advizer Information
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Job Title
Company
Undergrad
Grad Programs
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Hayden Berson
Land Acquisition Project Manager
D.R. Horton
California Polytechnic State University
Environmental & Related Sciences
Real Estate
Real Estate
Video Highlights
1. Effective communication is crucial for timely land acquisition, involving landowners, city officials, brokers, and internal teams.
2. Market analysis is a key responsibility, encompassing new and resale home prices to understand city growth and future housing needs.
3. Underwriting deals involves compiling data from various departments (pricing, construction, land development costs) to determine maximum land acquisition prices for profitable projects.
Transcript
What are your main responsibilities within your current role?
As a land acquisition project manager, I communicate with landowners, city officials, brokers, and many team members within our company. Being able to communicate effectively ensures that the acquisition process proceeds in a timely manner and that all information is correct.
A significant part of my role involves market analysis. I study how much new homes and resale homes are selling for. I also spend time with city officials and staff, understanding their plans for future housing development.
It's fascinating to observe the growth of cities, both large and small. I find it interesting how they share borders and collaborate to plan for the future, not just for the next few years but for decades ahead.
Lastly, I spend a lot of time underwriting deals. This involves gathering various inputs into Excel documents from different departments. These inputs include pricing for homes, construction costs, and land development expenses.
These numbers are put into formulas to determine how much we can afford to pay for land. Ultimately, our team's goal is to acquire land so that other departments can continue their work efficiently and continuously.