Development Manager

About The Company

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data - including unparalleled market research, proven business processes, and proprietary models - to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to "Building What Matters." JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

Essential Functions & Responsibilities

• Responsible for the project financial proforma and its accuracy data backed assumptions thru the development process

• Be the owner representative, driver of schedule and decision maker thru the design process (leading design meetings, setting plan & budget schedule dates, providing owner directives, maintaining city relationships, and delivering of building permit etc.) to ensure timely closings.

• Coordinate consultant contracts/proposals with design management input

• Review the production of capital offering memorandums and other ad hoc capital requests. Lead potential capital site tours.

• Underwrite/review capital term sheets and recommend the best risk/reward option

• Oversee the closing process including working with SVP on loan and partnership documents

• Be the owner representative and a decision maker thru the construction process (sending out construction draws, reviewing change orders, attending owner/contractor meetings, communication with investors, assist asset management with reforecasting etc.)

• Coordinate with all JPI disciplines- Preconstruction, Land Acquisition, Construction, Investment Management, Risk Management to ensure best outcomes.

• Mentor/grow supporting Development Associates/Analysts

Non-Essential Duties and Responsibilities

• Thrive in a fast-paced collaborative work environment and approach problem solving with a team mentality.

• Learn quickly and on the go while applying lessons learned

• Other duties as assigned

Education, Work Experience, & Physical Requirements

• A Bachelor's Degree in Business Administration with a major in Finance, Accounting or RealEstate or similar discipline.

• 7-9 experience with Real Estate development, multi-family development experience preferred.

• Demonstrated experience in underwriting potential development opportunities, management of consultants and direct reports, working with municipalities/approval agencies, working with non-development disciplines (asset management, construction), working with legal teams and market analytics.

Why work for us?

We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to:

• Transform Building

• Enhance Communitas

• Improve Lives

JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to:

• Transformative careers in a transformative company

• Comprehensive training and development

• Promotion from within at all levels of the organization

• Borderless Careers, based on performance, potential, and personal ambition

Industry Recognition

• NMHC - #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; # 11 Largest National Builder

• Real Page - Most active multifamily developer in DFW for the past 8 years

• Dallas Business Journal Best Places to Work - 2023

• Dallas Business Journal - Largest DFW Real Estate Developers - #11

JPI offers associates a comprehensive benefits package with competitive salaries and more, including:

• Competitive Bonus Program

• 4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)

• 11 Holidays and 8 Early Release Days

• Medical, Dental, Vision, and Life Insurance

• 401(k) with Company Match (Up to 5% Match)

• Health Savings Account

• Flexible Spending Accounts (Dependent & Medical Reimbursement)

• Paid Parental Leave

• Paid Volunteer Time

• Tuition Assistance

• Phone Reimbursement

California General Base Pay Range

Note that the actual base pay offered will be contingent upon the candidate's overall experience, skills, internal existing associate equity, and overall budget of the Company at the time of offer. The range is specific to base pay only. Additional compensation and/or bonus eligibility details will be shared by the Recruiter.