Multifamily-Development Associate - Richmond

D.R. Horton, Inc., the largest home builder 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 home buyers through its mortgage and title subsidiaries.

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DHI Communities is a multifamily development division of D.R. Horton, Inc.
DHI Communities is currently looking for a Development Associate - Multifamily in the Operations Department. The right candidate will be responsible for various tasks related to the direct development of assigned projects. Assist the Managing Director.

• Source and underwrite development opportunities
• Prepare pro‑formas and financial projections for potential development projects
• Conduct field investigations which include: creating rent studies of the competitive properties, completing detailed analysis of the immediate neighborhood, high‑level evaluation of entitlements and in‑depth summary of the land sales, and multifamily apartment sales in the immediate area
• Manage zoning, entitlement, and permitting activities
• Perform underwriting process, including analysis of market information, operational expense data, and estimated hard and soft costs
• Establish project timeline and spending forecasts
• Compilation of components for investment packages
• Presentation of development opportunities
• Coordinate with construction personnel as necessary to meet budget and timing targets
• Work with third‑party consultants on construction plans, entitlements and financing
• Strategize with third‑party property management companies to maximize returns during lease‑up
• Support Development team in running the disposition process which includes preparing properties for sale, creating financial evaluations, selecting brokers, negotiating purchase and sale agreements, and working with buyers from due diligence period through close
• Establish and maintain communication and progress with local officials, brokers, consultants, etc.
• Participate in decision making process regarding product, mix, parking, and design
• Conduct all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company

• Bachelor’s degree in Finance, Accounting, Economics or a related degree from a four‑year college or university
• Three to five years related experience and/or training
• Proficient in advanced Excel Financial Modeling
• Proficient in Adobe
• 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

• Registered planner or engineer
• Experience with Multifamily Municipalities and entitlement preferred

Come join a winning team with a Fortune 500 company! We are growing fast and are looking for enthusiastic attitudes and team players to join our success. We offer an excellent benefits package including:

• Medical, Dental and Vision
• 401(K)
• Employee Stock Purchase Plan
• Flex Spending Accounts
• Life & Disability Insurance
• Vacation, Sick, Personal Time and Company Holidays
• Multiple Voluntary and Company provided Benefits

Build YOUR future with D.R. Horton, America’s Builder. #We Build People Too

#DHICommunities