VP - Multifamily Development

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. Forestar’s vision is to be the nation’s leading residential lot developer. The Company’s strategic relationship with D.R. Horton, the nation’s largest homebuilder, complements Forestar’s vision of creating neighborhoods that enhance the lives of community residents while creating value for shareholders, trade partners and employees.

Forestar is currently looking for a VP Multifamily Development. The right candidate is responsible for overseeing all aspects of new multifamily developments. The primary focus is suburban, garden-style communities. This position coordinates all aspects of development including (i) acquisition, (ii) pre-development planning and zoning, and (iii) sell of developed pads.

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 and manage third party contractors & vendors to successfully meet budget and timing targets

Participate in decision-making regarding product, mix, parking, and design

Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

Ability to travel overnight

Supervisory Responsibilities

Supervises 2 or more employees

Required Qualifications

Bachelor’s degree in Business, Finance, Real Estate or a related field

Minimum of 10 years of experience in multi-family real estate, development/acquisitions with a minimum of 3 years management experience

Must have a vehicle and a current valid driver’s license

Strong organizational and time management skills

Ability to 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 or oral form

Proficiency with MS Office and email

Ability to sit for the majority of 8-hour workday; use hands or fingers to 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! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package:

Medical, Vision and Dental

401(K)

Employee Stock Purchase Plan

Flex Spending Accounts

Life Insurance

Vacation, Sick, Personal Time and Company Holidays

Schedule: Full-time