About the Role
D.R. Horton, Inc., the largest homebuilder in the U.S., was founded in 1978 and is a publicly traded company on the New York Stock Exchange. It is engaged in the construction and sale of high-quality homes designed principally for the entry-level and first time move-up markets. The Company also provides mortgage financing and title services for homebuyers through its mortgage and title subsidiaries. Please visit our website at www.drhorton.com for more information.
D.R. Horton, Inc. is currently looking for a BTR-Senior Disposition Manager. The right candidate will oversee monetizing of Build-To-Rent (BTR) investments through a disposition process in collaboration with the Asset Management Leaders, Property Management Leaders, and Home Building Division Leaders on a nationwide basis.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Create and develop disposition strategies of BTR investments and determine optimal sell timing to maximize value and accurately forecast quarterly sale goals
Oversee the disposition process including broker selection, integrity/accuracy of offering materials, negotiate listing agreements, set valuation targets, coordinate investor tours, and maintain disposition trackers for reporting
Work in a highly collaborative and advisory manner with cross-functional teams serving as the liaison between legal, home building division, asset management and property management and communicate effectively with the Managing Director of Disposition and Senior Executives
Lead the buyer due diligence process including establishing a data room for potential buyers, ensure data integrity and coordinate buyer questions
Review and analyze valuation drivers including lease-up, rental rate, operating expense, cap rate, and investor required unleveraged/leveraged internal rates of return
Interview potential buyers, negotiate purchase contracts, and manage the closing process from initial contract execution through closing including any post-closing obligations
Identify and cultivate strategic relationships with leading investment brokers and investors, monitor market fundamentals and trends to understand pricing fluctuations and cap rates
Attend industry conference events to monitor BTR valuation trends
Coordinate with asset management, property management and the home building division to meet disposition targets
Strategize with the leasing team and third-party property management companies to maximize returns during lease-up
Conduct 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
Qualifications
Education and/or Experience
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 furnished in written oral form or via DRH applications
Proficiency with MS Office and email
Ability to sit for majority of 8-hour workday; use hands to finger, 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
Registered planner or engineer preferred
Strong communication skills
Ability to multi-task and attention to detail