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Land Acquisition Vice President

Job in Sandy, Salt Lake County, Utah, 84092, USA
Listing for: Meritage Homes
Full Time position
Listed on 2025-11-14
Job specializations:
  • Management
    Property Management, Program / Project Manager
  • Real Estate/Property
    Property Management
Salary/Wage Range or Industry Benchmark: 125000 - 150000 USD Yearly USD 125000.00 150000.00 YEAR
Job Description & How to Apply Below

1 day ago Be among the first 25 applicants

Responsibilities
  • The VP of Land Acquisition is responsible for identifying, analyzing, negotiating and acquiring new land and lots for the division in accordance with the organizational strategy and business plan.
  • Collaborate with Division leadership to ensure all underwriting assumptions for land acquisition (phase of zoning approval, municipal approvals, entitlements, permitting, platting, design and construction) are reasonable.
  • Maintain and foster relationships with key market players, and provide up-to-date data on land deals, market and sub‑market data, pro‑formas and deal status.
  • Create a vision and lead the Land Acquisition Department, including operations, budgets and projections of new projects to the Division President and Director of Finance.
  • Recruit, hire, evaluate, train, develop and retain a productive, highly engaged team.
  • Create an annual strategic land plan defining geographic, product and pricing goals to guide acquisition efforts and support the Company’s overall strategic plan.
  • Analyze markets and sub‑markets, evaluate the division’s current land positions, identify gaps and strategic areas for future acquisitions, and assess technical and financial feasibility.
  • Maintain knowledge of market activities, trends and opportunities; generate prospective land deals through networking with industry contacts, brokers, title companies, developers and other builders.
  • Oversee all potential new projects for the division, aggressively search new land parcels, negotiate with sellers, conduct due diligence and prepare Corporate Approval Packages.
  • Prepare letters of intent and respond to requests for qualifications in competitive bid situations.
  • Assist Land Development with project pro‑forma creation and refinement, determining agency fees, construction costs, site development costs, development and construction durations, absorption rates for home sales and proposed land cost.
  • Manage land purchases, real‑estate closings and financings, including negotiation, review and/or drafting of land banking documents.
  • Oversee contract review with in‑house and outside counsel, manage all negotiations and contract execution.
  • Review survey/title issues and other reports to determine liabilities of potential acquisitions.
  • Assist in presentations before municipal decision‑making bodies and other government entities.
  • Prepare deal summaries and land tracking reports for corporate management and Division President.
  • Create and foster relationships with land owners, brokers, title companies, lenders, municipalities, homebuilders and lot developers.
  • Manage Lot Takedown Summaries for accurate reporting of lot purchase activity.
  • Assist Division President / Homebuilding with developer‑related issues after Initial Closing.
  • Work with Division President on Balance Sheet Management by selling or renegotiating real‑estate assets.
Qualifications
  • Bachelor’s Degree required. MBA strongly preferred.
  • Degree in Business Management, Finance, Economics, Construction Science or Real Estate strongly preferred.
  • Seven years of real‑estate acquisition and negotiation experience, preferable in the homebuilding industry.
  • Strong management capabilities with experience in managing people, department operations, budgets and pro‑formas, and a track record of growing a strong team.
  • Strong background with financial models/analysis.
  • Proficient with Microsoft Windows Office Applications, including Excel, PowerPoint, Outlook and Word.
  • Strong budgeting and project management skills.
  • Ability to translate market data into community concepts.
  • Understanding of and ability to negotiate complex legal documents.
  • Strong oral/written communication, interpersonal, and customer‑service skills; ability to communicate professionally with C‑level executives, bankers, government officials, in‑house counsel and other legal representatives.
  • Ability to adapt, adjust and negotiate under changing circumstances and in stressful situations.
  • Excellent negotiation skills and tenacity to complete deals.
  • Experience interacting with a wide variety of internal and external contacts at all levels of authority.
  • Ability to manage conflict and resolve problems…
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