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Acquisition Manager

Who we are:

Aro Homes is a thriving, purpose-driven company on a mission to redefine residential construction. Aro Homes was founded to create well designed, precision engineered homes that are beautiful, livable, and durable, while being built multiple times faster and having a positive impact on the environment. 

 

We are a diverse and experienced group of passionate and curious designers, builders, engineers, product developers, and businesspeople who are passionate about and committed to delivering on our mission. We’ve demonstrated there is a massive opportunity to reduce waste and improve sustainability while building homes in a fraction of the time it takes traditionally. We utilize a repeatable, multi-disciplinary, and product-driven approach which is unique in the industry. We are funded by world-class investors who care about transforming industries for the better, including Eric Schmidt’s Innovation Endeavors. If you share the desire to leave a lasting positive impact on the world and to join a strong culture of intelligent, passionate people, then let’s start a conversation.  


What you will be responsible for 

We are looking for a results-driven Acquisition Manager to lead our land acquisition efforts for single-family residential development projects. This role will involve identifying, evaluating, and securing prime land opportunities to support the company’s growth in the single-family housing market. The ideal candidate will have strong real estate expertise, market analysis skills, and a proven ability to negotiate complex deals. 


Duties and Responsibilities
  • Land Identification & Evaluation: 
  • Work closely with the Acquisition Analyst to Vet Properties and Identify potential land acquisition opportunities that align with the company’s strategic goals for single-family residential development. 
  • Conduct thorough market research to assess land value, zoning, and market demand. 
  • Market Research & Feasibility: 
  • Analyze market trends, demographic data, and regulatory requirements to determine the viability of potential projects. 
  • Prepare detailed feasibility studies and site evaluations to support decision-making. 
  • Negotiation & Contract Management: 
  • Negotiate purchase agreements, joint ventures, and other partnership structures. 
  • Manage all contractual elements, ensuring favorable terms and compliance with company objectives. 
  • Due Diligence & Risk Management: 
  • Lead the due diligence process, including environmental assessments, zoning approvals, title searches, and legal compliance. 
  • Identify potential risks and develop mitigation strategies to ensure successful acquisitions. 
  • Stakeholder Collaboration: 
  • Work closely with internal teams, including development, construction, finance, and legal, to ensure smooth transitions from acquisition to project development. 
  • Build and maintain strong relationships with brokers, landowners, developers, and government officials. 
  • Financial Modeling & Reporting: 
  • Develop financial models, budgets, and proformas for potential acquisitions. 
  • Present acquisition proposals and recommendations to senior management. 


Qualifications and Skills
  • Bachelor’s degree in Real Estate, Business, Urban Planning, or a related field (MBA preferred). 
  • 5+ years of experience in land acquisition or real estate development, preferably in single-family residential construction. 
  • Strong knowledge of zoning laws, land use regulations, and market trends in residential real estate. 
  • Demonstrated ability to manage complex negotiations and close land deals. 
  • Excellent analytical, organizational, and project management skills. 
  • Strong interpersonal and communication skills with the ability to build lasting relationships. 
  • Proficiency with CRM and project tracking tools and systems – e.g. Salesforce, NetSuite, MSFT Project etc. 
  • Strong analytical capabilities and demonstrated facility with data models, analysis, and reporting. 
  • Licensed California Broker/Agent a plus. 
  • Entitlement and Construction experience a plus. 


What we offer
  • Opportunity to join an outstanding start-up team and grow a company from the ground up. 
  • Competitive salary package. 
  • Medical/dental/vision benefits. 
  • Equity in the company. 


$110,000 - $120,000 a year

At Aro Homes, we are focused on building a diverse and inclusive workforce. We are an equal opportunity employer, and we do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. If you have a disability or special need that requires accommodation to fill out an application, please do not hesitate to let us know at people@aro.homes. If you’re excited about this role, but do not meet 100% of the qualifications listed above, we encourage you to apply. 

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Average salary estimate

$115000 / YEARLY (est.)
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$110000K
$120000K

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What You Should Know About Acquisition Manager, Aro Homes

At Aro Homes, we are seeking an enthusiastic and results-driven Acquisition Manager to lead our innovative land acquisition efforts for single-family residential development projects. Located in the stunning Mountain View, CA, you'll find yourself at the heart of a vibrant team dedicated to redefining residential construction. Your primary responsibilities will include identifying, evaluating, and securing prime land opportunities that align with our strategic goals. Utilizing your strong real estate expertise and market analysis skills, you will conduct thorough market research to assess land value and zoning. Negotiation skills are key, as you'll be interacting with brokers, landowners, and developers to navigate complex deals. Collaboration is crucial in this role, as you will work with various internal teams to ensure a seamless transition from acquisition to project development. We're looking for someone who shares our vision for sustainability and innovation, and who can bring a wealth of knowledge in land acquisition or real estate development, preferably within the single-family niche. If you're ready to take on a crucial role in driving Aro Homes’ growth and have the passion to contribute to transforming the housing industry, we would love to hear from you!

Frequently Asked Questions (FAQs) for Acquisition Manager Role at Aro Homes
What responsibilities can I expect as an Acquisition Manager at Aro Homes?

As an Acquisition Manager at Aro Homes, you will be primarily responsible for leading our land acquisition efforts. This includes identifying and evaluating potential land opportunities, conducting market analyses, and negotiating deals that align with our strategic goals for single-family residential development. You'll work closely with various teams to manage the acquisition process from start to finish, ensuring all contractual elements are met and risks are mitigated.

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What qualifications are necessary for the Acquisition Manager position at Aro Homes?

To qualify for the Acquisition Manager role at Aro Homes, candidates should possess a Bachelor's degree in Real Estate, Business, Urban Planning, or a related field, with an MBA preferred. An ideal candidate will have 5+ years of experience in land acquisition or real estate development, particularly in single-family residential construction, along with excellent negotiation and project management skills.

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How does Aro Homes approach land acquisition for residential development?

At Aro Homes, our approach to land acquisition involves a rigorous process of identifying and analyzing potential parcels that fit our sustainable and innovative development model. We focus on conducting comprehensive market research, feasibility studies, and due diligence processes to ensure each acquisition supports our mission and aligns with regulatory requirements.

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What is the expected salary range for an Acquisition Manager at Aro Homes?

The expected salary range for an Acquisition Manager at Aro Homes is competitive, falling between $110,000 and $120,000 per year. In addition to a strong salary, we offer a comprehensive benefits package including medical, dental, and vision coverage, as well as equity in the company.

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What opportunities for growth exist for an Acquisition Manager at Aro Homes?

Joining Aro Homes as an Acquisition Manager offers tremendous opportunities for growth and advancement. You will be part of an outstanding startup culture where you'll have the chance to influence the company's trajectory and help shape its future. As we expand, there will be options for leadership roles and involvement in various aspects of real estate development.

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Common Interview Questions for Acquisition Manager
Can you describe your experience in land acquisition?

When answering this question, reflect on specific projects where you identified and secured land for development. Discuss the processes you employed, the challenges you faced, and how you overcame them. Highlight any successful negotiations and the results they yielded.

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How do you assess the value of a piece of land?

To effectively respond to this question, explain the methods you use for assessing land value, such as market analysis, examining zoning laws, and considering proximity to infrastructure. Demonstrating analytical skills will show your capability in this critical area.

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What strategies do you use to build relationships with stakeholders?

When discussing relationship-building strategies, emphasize your interpersonal skills and the importance of communication. Share examples of how you've engaged brokers, developers, and landowners in the past, and how these relationships have benefited your projects.

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What challenges have you faced in land acquisition and how did you handle them?

Prepare to discuss specific challenges such as zoning issues or negotiation hurdles. Focus on your problem-solving skills and provide real-life examples of how you effectively overcame obstacles to ensure successful acquisitions.

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How do you stay updated with market trends in real estate?

Demonstrating your commitment to continuous learning is crucial. Discuss the resources you utilize, such as industry reports, networking events, and professional organizations, and how they inform your decision-making as an Acquisition Manager.

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Can you give an example of a successful negotiation you led?

Share a specific situation where your negotiation skills led to a successful outcome. Be prepared to discuss the strategies you used, any compromises made, and the impact of this negotiation on the acquisition process.

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What is your approach to risk management in land acquisitions?

Address this question by detailing the various risk factors you consider, such as environmental assessments and market fluctuations. Illustrate your risk mitigation strategies and how you ensure compliance throughout the acquisition process.

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How do you conduct due diligence for a land purchase?

Outline the steps you take during the due diligence process, such as obtaining environmental reports, checking zoning laws, and consulting legal advisors. Discuss the importance of this phase in securing a successful acquisition.

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What tools do you utilize in tracking acquisitions?

Mention specific CRM and project management tools you've used, such as Salesforce and MSFT Project. Explain how these tools enhance your efficiency in managing acquisitions and improve overall project tracking.

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Why do you want to work for Aro Homes as an Acquisition Manager?

Reflect on Aro Homes’ mission to redefine residential construction and how it resonates with your professional values. Emphasize your excitement about contributing to sustainability and innovation in the housing industry, which aligns with your career goals and aspirations.

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Full-time, on-site
DATE POSTED
December 4, 2024

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