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 for more information.
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.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
Source and underwrite development opportunities
Prepare pro-formas and financial projections for potential developments projects
Conduct field investigations which include: creating rent studies off 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
Conducts all business in a professional and ethical manner to serve customers and increase the goodwill and profit of the company
