VP, Investment Management Group (BTR)

Invitation Homes Investment Management Group (IMG) handles all aspects of single-family residential property acquisitions and dispositions for Invitation Homes. The Vice President of Investment Management will provide strategic leadership overseeing the formation, development, and execution of a New Home builder and Build-To-Rent program which will contribute to the overall strategic growth plan for the Company.

Every day brings an exciting new challenge or opportunity at this entrepreneurial Company. In this role, you will supplement existing efforts with broader, programmatic solutions for sourcing newly build single-family products in addition to evaluating Build-To-Rent communities. A team player at heart, you will collaborate with the Investment Leadership team on new asset acquisitions strategies through non-traditional acquisition channels and will possess extensive knowledge in all aspects of the home building industry (land, sales, purchasing, construction, legal, HOA, and finance). You are already able to demonstrate expertise in negotiations of residential products and possess a proven track record for creating programs that result in accelerated external growth. You will move fast while keeping attention to detail, tap into your problem-solving skills to support business objectives and create opportunities through leveraging your vast network of contacts in the new home production space.

This is an exciting opportunity to join a high-performance Investment Team and lead the development of a strategic initiative that will make an indelible impact on the current and future state of our growing Company.

Essential Job Duties and Responsibilities

• Provide leadership and implement a hyper-growth strategy for new-build products to complement existing acquisition channels

• Prepare presentations, memoranda, and analytics in preparation for internal approval for new product opportunities

• Proactively engage new home builders, investor groups, and institutional SFR groups to source and evaluate new opportunities

• Prepare and negotiate letters of intent and purchase and sale agreements

• Create and prepare valuation and cash flow models to determine the viability of potential investments and develop recommendations and reports based upon findings

• Recruit, train, and manage new team members to ensure the success of the program

• Promote collaboration and critical inter-department participation to ensure the success of the program

• Promote and ensure compliance with all policies and procedures of the business unit and of the Company

• Leverage existing relationships within new home builder community and other industry professionals in all designated growth markets of the Company

• Oversee internal collaboration with Rehab, Turns and Maintenance (RTM) Department to establish product delivery schedules ensuring timely completion

• Establish and enforce budget and scope compliance on new build product

• Prepare weekly reporting on updated opportunities and status

• Continue the momentum and expansion of the existing program

• Continually investigate and implement process improvement measures

• Perform other duties as assigned

Education and/or Experience

• Bachelor's degree in Construction Management, Business, or Finance

• Must have 10+ years of experience in production homebuilding or residential acquisitions

Required Licenses or Certifications

• Current driver's license and automobile insurance

Skills/Specialized Knowledge

• Unparallel work ethic, commitment, and unshakeable integrity

• In-depth knowledge of the homebuilding space (land, sales, purchasing, product, construction, legal, and finance) Existing network within the new home building industry

• Exceptional verbal and written communication skills

• Proven track record for being an exceptional leader and self-starter

• Proven successful track record building a team from the ground up

• Ability to maintain confidentiality

• Ability to facilitate presentations or speak in public to large groups of people

• Proficiency utilizing Outlook, Microsoft Word, Access, Excel, and basic OS tools

• (create proformas, ad hoc reports, pipeline reports, and competitive market analysis)

• Strong organizational and time-management skills

• Comprehension of federal fair housing laws and any applicable local housing provisions

• Ability to multi-task and maintain flexibility and creativity in a variety of situations

• Ability to analyze and resolve problems

• Ability to perform intermediate mathematical functions

• Ability to set and meet goals and consistently meet deadlines

Other Requirements

• Extensive Travel may be required (post-COVID19)