VP of Land Acquisition and Development
About The Position
Coventry Homes is seeking an experienced Vice President of Land Acquisition and Development to lead the division’s land strategy and support continued growth. The role oversees the full lifecycle of land opportunities, from identifying and evaluating potential sites through acquisition, entitlement, development, and delivery of finished lots. The VP works closely with division leadership and cross-functional teams to maintain a land pipeline that supports future communities, sales goals, and long-term profitability. This visible leadership position calls for expertise in residential land acquisition, development, financial analysis, local market conditions, and relationship building. The VP develops and executes land strategies, sources and evaluates opportunities, builds relationships with landowners and industry partners, negotiates transactions, directs due diligence and entitlement activities, and oversees development through finished-lot delivery. The position also leads the division’s Land Acquisition and Land Development teams, partners with the Division President and leadership team, and provides recommendations on opportunities, risks, costs, and returns. The role includes pursuing finished-lot opportunities in master-planned communities throughout the Austin metro area. Coventry Homes has built more than 55,000 homes across Texas since 1988 and serves the Houston, Dallas-Fort Worth, Austin, and San Antonio markets. It is part of the Dream Finders Homes family of builders.
Requirements
- Bachelor’s degree in Real Estate, Business, Finance, Construction Management, Engineering, or a related discipline.
- Significant progressive experience in residential land acquisition and/or land development; production homebuilding experience is preferred.
- Demonstrated experience evaluating, negotiating, and closing land transactions.
- Strong understanding of residential development, zoning, entitlements, permitting, and construction.
- Experience managing development budgets, schedules, consultants, and contractors.
- Ability to analyze land opportunities and understand development pro formas, costs, margins, and financial returns.
- Previous leadership experience managing teams and multiple projects simultaneously.
- Strong negotiation, communication, financial, and relationship-building skills.
Nice To Haves
- Experience within the production homebuilding industry.
- Established relationships within the land, development, brokerage, or residential real estate community.
Responsibilities
- Develop and execute a land strategy that supports the division’s short- and long-term growth plans.
- Source and evaluate land opportunities within targeted markets and submarkets.
- Build relationships with landowners, brokers, developers, and other industry partners to identify marketed and off-market opportunities.
- Evaluate acquisitions based on location, market demand, development costs, risk, timing, and expected financial returns.
- Negotiate purchase agreements, option contracts, pricing, and other deal terms.
- Explore assemblages, joint ventures, land banking, option structures, strategic land purchases, and potential land resale or investment opportunities.
- Direct due diligence for prospective acquisitions and identify development risks early.
- Oversee zoning, entitlement, permitting, and governmental approval activities, partnering with attorneys, engineers, consultants, municipalities, and regulatory agencies.
- Evaluate density, site constraints, infrastructure requirements, topography, and other project feasibility and profitability factors.
- Provide development cost assumptions for acquisition underwriting and investment decisions.
- Lead projects from acquisition through development and delivery of finished lots to the homebuilding team.
- Oversee development schedules, budgets, contractors, engineers, and consultants.
- Ensure communities and building pads are designed with quality and construction efficiency in mind.
- Monitor project costs and schedules and address issues that could affect lot delivery or financial performance.
- Coordinate infrastructure, community entrances, amenities, landscaping, and other development components.
- Coordinate with Construction, Purchasing, Sales, Marketing, and Finance so lot delivery aligns with the division’s business plan.
- Use relationships with master-planned community developers and other industry partners to identify and secure finished-lot opportunities throughout the Austin metro area.
- Pursue lot positions in high-quality master-planned communities, including opportunities that may not be broadly marketed, to support growth and maintain a balanced pipeline.
- Lead and develop the division’s Land Acquisition and Land Development teams.
- Serve as a strategic partner to the Division President and leadership team.
- Maintain relationships throughout the local real estate and development community.
- Provide leadership with clear recommendations regarding land opportunities, risks, costs, and potential returns.
- Build and maintain a sustainable pipeline of future communities and finished lots.
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What This Job Offers
Job Type
Full-time
Career Level
Executive
