Mark Mastrorocco

Vice President - RE Investments and Development at Forestar Group Inc.
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Contact Information
us****@****om
(386) 825-5501
Location
Greater Indianapolis, IN

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Experience

    • United States
    • Real Estate
    • 100 - 200 Employee
    • Vice President - RE Investments and Development
      • May 2023 - Present

    • Real Estate Investments and Development Director
      • Nov 2021 - Present

    • Land Acquisition Director
      • Jul 2020 - Nov 2021

    • United States
    • Real Estate
    • 700 & Above Employee
    • Director Of Land Acquisition
      • Jun 2018 - Jul 2020

      Oversee the Division’s land acquisition and entitlement for new communities. Provide strategic guidance and resource allocation to the land team to drive positive results. Work effectively with the company’s joint venture partners. Successful new communities include Silver Leaf in Joliet, 59 single family homes; Deer Ridge in Morris, 53 single family homes. Contracted, annexed, zoned, and preliminary plat approvals for Four Seasons at New Lenox, a master planned active adult retirement community consisting of 612 ranch homes. Show less

    • United States
    • Construction
    • 700 & Above Employee
    • Director of Land Acquisition
      • 2013 - Apr 2018

      Superior new community success with acquisitions and entitlements - examples include: Atwater in Naperville, 300 single family homes; The Glen in Glenview, 149 townhomes and duplexes; Northpointe in Plainfield, 169 single family homes; Arlington Crossings in Arlington Heights, 66 townhomes; Savoy Club in Burr Ridge, 51 single family homes; Camberley Club in Lincolnshire, 86 townhomes; The Residences at Cuneo Mansion and Gardens in Vernon Hills, 128 single family homes; Edgewater by Del Webb in Elgin, 1012 ranch homes; Winchester Glen in Carpentersville, 432 single family homes; The Reserve in Elgin, 314 townhomes.Strong track record of acquisition performance - effectively source and negotiate new land deals that maximize margin/return, minimize risk, and achieve the best possible capital structure.Strong track record of entitlement performance - effectively manage the municipal and regulatory entitlement process through the approvals, while ensuring financial metric goals and business plan timeline commitments are achieved for the project.Ability to develop extensive and preferred market relationships - with land owners, brokers, consultants, attorneys, municipalities (elected officials), and developers.Ability to develop extensive and executable market knowledge - comprehensive understanding of submarkets, allowing for effective targeting of acquisition opportunities given supply/demand dynamics and trends.Leadership - recruiting and coaching high producing land professionals with a high level of integrity, respect, and engagement.Interdisciplinary collaboration - effectively communicate and coordinate with the other homebuilding operating functions (finance, product, procurement, construction, sales, etc.) on new projects to ensure success in their area of discipline and overall team success for the project.Strategic plan execution - delivering the acquisition land pipeline to support the Division’s business plan and growth. Show less

    • Land Acquisition Manager
      • 2006 - 2013

    • Land Entitlement Manager
      • 2000 - 2006

    • Director of Sales
      • 1998 - 1999

      Hired and led startup team for Brooksby Village, a new 1350 unit Continuing Care Retirement Community (CCRC).

    • Executive Development Program
      • 1997 - 1998

      Multi-disciplinary executive training program for developer and operator of large scale Continuing Care Retirement Communities.

  • R.E. Hill and Company
    • Greater Boston Area
    • Vice President
      • 1985 - 1994

      Commercial Real Estate Brokerage Commercial Real Estate Brokerage

Education

  • Columbia University - Columbia Business School
    Master of Business Administration (M.B.A.), Real Estate
    1995 - 1996
  • University of Michigan
    Bachelor’s Degree, Economics
    1982 - 1984
  • Kenyon College
    1980 - 1982

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