Michael O'Rourke

Experience

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  KB Home

  Jan 1992 - Jan 1999

  o Established KB 2000 Business Strategy in a recent company acquisition. o Expanded land inventory to advance the goal of delivering 1800 homes in two fiscal years. o Uncovered and addressed issues with production, workforce, and material sourcing to meet business objectives.o Key role in acquisition and integration of residential builder, which enabled the division to 1150 closing in 1st year.

  • Division President

    Jan 1998 - Jan 1999

  • VP/Operations

    Jan 1992 - Jan 1998
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  DR Horton, Inc/ TriMark Communities

  Jan 1999 - Jan 2002

  Division President

  o Revived an under-performing division and reorganized land inventory from zero future lots to 3K lots with a future plan to deliver 500 homes. o Transformed a 156-unit apartment complex into condominiums for immediate maximum revenue and profit.

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  Kimball Hill Homes

  Jan 2005 - Jan 2007

  Division President

  Achieved $6.3M in pre-tax profit on sale of $72M revenue in complex Florida market.

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  Mark Home Solutions, LLC

  Jan 2009 - Jan 2020

  Chief Operating Officer

  As a seasoned real estate professional, I have designed cutting-edge sales and marketing strategies that drove exponential growth for startups. My skills in purchasing distressed properties, assessing local markets, and obtaining financing have given me an edge in the industry. With a focus on innovation, I have developed systems for acquisition, marketing, construction, and sales that optimize efficiency and reliability. I have also conducted market analysis to determine sales pricing that balances competitive advantage with profit margins. Throughout my career, I have kept a close eye on construction costs to ensure they remain within budget parameters, while achieving the desired quality standards.Among my notable accomplishments are the following: Founded and grew a company into a profitable business of fixing and flipping homes.  Rehabilitated and sold single-family homes. Show less

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  Bright Development

  Jan 2020 - Mar 2023

  Division President

  I oversaw the P&L for the home building division of a private diversified real estate company. My primary focus was to streamline daily activities and ensure operational objectives were met in areas including construction, purchasing, land development, and sales. I played a key role in driving entitlements forward on company-owned land and monitored local competition with respect to absorption and pricing. A main priority was to adjust all sales prices to meet market conditions while maintaining the desired profit margins. In addition, I worked closely with the Controller and CFO to examine and approve all monthly financial statements.Among my notable accomplishments are the following: Envisioned and created an innovative product for new acquisitions. Improved and added value to existing products, ensuring alignment with rapidly changing market trends and demands. Formulated and executed a due diligence process for land acquisitions. Show less