Jeff Randall
Director, Real Estate Investment at NexMetro Communities- Claim this Profile
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Bio
Experience
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NexMetro Communities
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United States
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Real Estate
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1 - 100 Employee
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Director, Real Estate Investment
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Oct 2023 - Present
Phoenix, Arizona, United States
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Associate Director, Underwriting and Investment
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May 2022 - Oct 2023
Phoenix, Arizona, United States
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Investment Associate - Development
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Sep 2021 - May 2022
Phoenix, Arizona, United States
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Senior Financial Analyst
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Jun 2019 - Sep 2021
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K. Hovnanian® Homes
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United States
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Real Estate
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700 & Above Employee
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Land Acquisition Advisor
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Dec 2017 - May 2019
Phoenix, Arizona Area - Create pro-formas and sensitivity analyses using home construction, entitlement, and land development timing and costs in conjunction with competitive market product pricing and absorptions to determine the feasibility of a property for a K. Hovnanian single-family residential community. - Calculate pre-tax profits, internal rates of return, direct and gross margins, peak cash outlays, peak investment periods, and projected financial commitments for the potential acquisition of… Show more - Create pro-formas and sensitivity analyses using home construction, entitlement, and land development timing and costs in conjunction with competitive market product pricing and absorptions to determine the feasibility of a property for a K. Hovnanian single-family residential community. - Calculate pre-tax profits, internal rates of return, direct and gross margins, peak cash outlays, peak investment periods, and projected financial commitments for the potential acquisition of multi-million dollar properties. - Consolidate property information and financial returns into the project Whitebook, which is presented at Corporate Land Committee and upon which the determination on whether the property is purchased is made. These Whitebooks range from a few hundred to over 1,000 pages and consist of specific property information, proposed housing product, competitive market analysis, land development overview, and detailed financial returns. - Write Letters of Intent which are sent to land sellers and brokers that outline deal points and transaction structures with which K. Hovnanian Homes would be willing to enter into Purchase and Sale Agreements for properties. Show less
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Shea Homes
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Real Estate
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700 & Above Employee
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Land Acquisition Analyst
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Jun 2015 - Jun 2017
Scottsdale, Arizona - Created pro-formas and sensitivity analyses outlining home and clubhouse construction costs, entitlement costs, improvement costs, disposition schedules, and projected profits for properties being considered for acquisition and development into Trilogy branded master-planned communities. - Developed sales, marketing, warranty, and G&A budgets for potential acquisitions in order to project proper staffing and capital requirements for the length of the community development and sales… Show more - Created pro-formas and sensitivity analyses outlining home and clubhouse construction costs, entitlement costs, improvement costs, disposition schedules, and projected profits for properties being considered for acquisition and development into Trilogy branded master-planned communities. - Developed sales, marketing, warranty, and G&A budgets for potential acquisitions in order to project proper staffing and capital requirements for the length of the community development and sales period. - Calculated internal rates of return, gross margins, net margins, peak capital outlays, investment splits, projected financial commitments, and distribution waterfalls in order to determine the feasibility of the potential developments. - Assisted with the closing of acquisitions in northern California and Las Vegas, including the wiring of deposits and closing payments, feasibility timelines, escrow requests, and internal corporate approval processes. - Coordinated with the Finance Department to transfer tracking of acquired properties to the Financial Reporting teams and provide them with detailed underwriting assumptions and methods to track differences between the underwritten assumptions and the actual costs and revenues experienced in the field. - Liaised with both the Development and Purchasing Departments in order to determine the costs and timing for the potential community development and the construction costs for the homes designed to be sold at the projects. Show less
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Communities Southwest
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Real Estate
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1 - 100 Employee
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Research & Finance Analyst
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Mar 2013 - Jun 2015
- Created pro-formas and sensitivity analyses outlining the entitlement costs, improvement costs, disposition schedule, and projected profits for properties being considered for acquisition. - Calculated internal rates of return, investment multiples, and projected financial commitments in order to determine the feasibility of the potential acquisition of multi-million dollar properties. - Predicted market trends by analyzing relevant historical pricing, sales, and demographic data… Show more - Created pro-formas and sensitivity analyses outlining the entitlement costs, improvement costs, disposition schedule, and projected profits for properties being considered for acquisition. - Calculated internal rates of return, investment multiples, and projected financial commitments in order to determine the feasibility of the potential acquisition of multi-million dollar properties. - Predicted market trends by analyzing relevant historical pricing, sales, and demographic data enabling the company to target the Phoenix Metro Area submarkets most primed for investment. This information was also used as the basis to underwrite potential acquisitions. - Developed yearly submarket overviews for the company’s twenty owned properties in order to compare their relative profitability to market trends. Assisted the CEO in the preparation of annual forecasts that were distributed to partners and investors. Show less
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Land Advisors Organization
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United States
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Real Estate
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100 - 200 Employee
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Research Manager
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May 2010 - Feb 2013
- Assist agents in land transactions by providing them with pertinent market information and research of comparable and competitive properties. - Supply agents with detailed analysis of up to date sales and foreclosure information and succinctly communicate that information to them. - Summarize and analyze historical sales information for all land types. - Prioritize multiple projects with tight deadlines to meet the company’s research needs by coordinating between the agents… Show more - Assist agents in land transactions by providing them with pertinent market information and research of comparable and competitive properties. - Supply agents with detailed analysis of up to date sales and foreclosure information and succinctly communicate that information to them. - Summarize and analyze historical sales information for all land types. - Prioritize multiple projects with tight deadlines to meet the company’s research needs by coordinating between the agents, researchers, and mapping department. - Created custom templates to more easily manage, utilize, and present the large amounts of information our department collects. Show less
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City of Chandler, Arizona
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United States
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Government Administration
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700 & Above Employee
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Recreation Leader II
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Aug 2009 - May 2010
- Ran a drop-in after school program at a public housing community for 6 to 18 year olds.
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The Concord Group, LLC
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United States
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Real Estate
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1 - 100 Employee
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Engagement Manager
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Jun 2005 - Feb 2008
Newport Beach, CA - Managed teams of up to three other people, supervising and directing their efforts to complete our research and reports. - Made recommendations on pricing and deal volume based on comparing values, market trends, and competitive properties. - Interacted directly with clients to ensure all of their project needs were being met. - Created market and financial analyses as well as demographic and economic forecasts for a variety of market areas. - Presented both oral and written… Show more - Managed teams of up to three other people, supervising and directing their efforts to complete our research and reports. - Made recommendations on pricing and deal volume based on comparing values, market trends, and competitive properties. - Interacted directly with clients to ensure all of their project needs were being met. - Created market and financial analyses as well as demographic and economic forecasts for a variety of market areas. - Presented both oral and written reports to clients including graphs, charts, maps, and project recommendations. Show less
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Education
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Arizona State University, W. P. Carey School of Business
Master of Business Administration (M.B.A.), Finance, Leadership, General -
University of Notre Dame
Bachelor of Arts (BA), Psychology, Economics