About The Position

D.R. Horton is seeking a BTR-Senior Disposition Manager to oversee the monetization of Build-To-Rent investments through disposition processes nationwide. The role collaborates with Asset Management, Property Management, and Home Building Division leaders to develop disposition strategies, maximize investment value, and meet sale targets. The manager works as a liaison among legal and business teams and communicates with the Managing Director of Disposition and senior executives. The position supervises two or more employees and requires overnight travel.

Requirements

  • Bachelor's degree from a four-year college or university.
  • Seven to ten years of related experience and/or training.
  • Ability to apply common-sense understanding to carry out instructions provided in written or oral form or through DRH applications.
  • Proficiency with MS Office and email.
  • Ability to sit for the majority of an eight-hour workday; use hands to finger, handle, or feel; reach with hands and arms; talk; and hear.
  • Close and peripheral vision.
  • Ability to travel overnight.
  • Strong communication skills.
  • Ability to multitask and attention to detail.

Nice To Haves

  • Registered planner or engineer preferred.

Responsibilities

  • Develop disposition strategies for BTR investments, determine optimal sale timing, maximize value, and forecast quarterly sale goals.
  • Oversee the disposition process, including selecting brokers, ensuring the accuracy and integrity of offering materials, negotiating listing agreements, setting valuation targets, coordinating investor tours, and maintaining trackers for reporting.
  • Collaborate with cross-functional teams and serve as a liaison among legal, home building, asset management, and property management teams; communicate with the Managing Director of Disposition and senior executives.
  • Lead buyer due diligence by establishing a data room, ensuring data integrity, and coordinating responses to buyer questions.
  • Review and analyze valuation drivers, including lease-up, rental rates, operating expenses, capitalization rates, and investor-required unleveraged and leveraged internal rates of return.
  • Interview prospective buyers, negotiate purchase contracts, and manage closings from initial contract execution through closing, including post-closing obligations.
  • Develop strategic relationships with investment brokers and investors and monitor market fundamentals and trends, including pricing fluctuations and capitalization rates.
  • Attend industry conferences to monitor BTR valuation trends.
  • Coordinate with asset management, property management, and the home building division to meet disposition targets.
  • Work with leasing teams and third-party property management companies to maximize returns during lease-up.
  • Conduct business professionally and ethically to serve customers and support the company's goodwill and profitability.
  • Supervise two or more employees.
  • Travel overnight as needed.

Benefits

  • Medical, dental, and vision coverage
  • 401(k)
  • Employee Stock Purchase Plan
  • Flexible Spending Accounts
  • Life and disability insurance
  • Vacation, sick, and personal time
  • Company holidays
  • Multiple voluntary and company-provided benefits
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