Summary:
The Mulholland Drive Company is seeking a Land Acquisitions Associate to take a lead role in sourcing, underwriting, and negotiating potential land entitlement and development opportunities in the for-sale housing space (single family subdivisions, townhomes, master-planned communities, etc.). This position is ideal for a professional with experience in the California for-sale housing space who wishes to branch out into an entrepreneurial venture and be an early-stage hire in a rapidly-growing company with strong opportunities for advancement and incentive-based compensation.
- Land Acquisitions Associate Position.
- Location: Los Angeles, CA.
- Job Functions: Acquisitions, Development.
- Experience: 1 year or more.
- Full Time.
Company:
The Mulholland Drive Company is an opportunistic real estate investment and development firm based in Los Angeles with investments in a broad array of asset classes, sectors, and geographies across the United States but with a specialization in land entitlement and development for for-sale residential development throughout California. The firm sources and manages all of its investments directly via its integrated investment platform and proprietary operating capabilities to yield long-term value and strong risk-adjusted returns for its institutional joint venture capital partners.
Responsibilities:
The Land Acquisitions Associate will work hand in hand with the company’s principal to source, evaluate, acquire, entitle, and develop land projects throughout California. Responsibilities will include:
- Managing the acquisitions process through sourcing, underwriting, and diligencing new land acquisition opportunities for ultimate development into for-sale housing: single family subdivisions, townhomes, master-planned communities, etc.
- Developing and nurturing strong relationships with real estate brokers to gain access to a steady pipeline of acquisition opportunities inclusive of regular meetings with brokers, attending industry events, etc.
- Detailed research of municipal zoning codes and California planning laws to identify target sites to source deals off market.
- Working and coordinating directly with third party vendors, brokers, lenders, and consultants on process management, due diligence, structuring, and negotiations.
Qualifications:
- Minimum 1 year of experience in the land entitlement and/or for-sale residential development space such as a land entitlement / development investment company, a regional or national homebuilder, or a land-focused commercial brokerage firm.
- Detailed knowledge of site and product designing, land use planning, and land residual and highest and best use analysis process for various types of for-sale housing (both attached and detached).
- Deep network of brokers, builders, lenders, consultants, vendors, and intermediaries in the for-sale housing development space.
- Bachelor’s degree.
Compensation:
Competitive salary or incentive-based compensation or combination thereof.
Application Process:
Interested applicants should submit a current resume for consideration. A select group of applicants will be invited for a formal interview.
