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JPI · 18 hours ago

Development Analyst

Dallas Office

Full-time

Onsite

Entry, Mid Level

1+ years exp

JPI is a prominent real estate developer with over 35 years of experience in designing and developing multifamily communities. The Development Analyst will take ownership of the acquisitions process by providing analysis, research, and reporting, while supporting the Development Manager through various stages of development.

Real Estate

Comp. & Benefits

Responsibilities

Underwrite and evaluate investment opportunities sourced by Managers

Update and proof underwriting templates to ensure accuracy

Prepare internal presentation material required for investment decision making

Draft Letters of Intent (LOI) for active opportunities

Track investment opportunities in the pipeline and ensure that deal-level information is up to date

Prepare weekly update reports on active opportunities for discussion with the Development team with key metrics

Prepare comparative analysis and other ad-hoc reports for opportunities in the pipeline

Monitor and track progress of Development team’s production goals

Monitor and track key dates for deals currently under contract

Update original underwriting of deals as new information is discovered through due diligence, design process and capitalization options with Development Manager

When able shadow Development Managers on design meetings

Support Development Manager with ongoing construction obligations such as monthly draws, reforecasting budget and ad hoc investor requests

Prepare analysis and reporting necessary for meetings with Investment Committee

Monthly and Quarterly market research tasks- jobs/permit tracker, supply, etc

Tour comparable properties & sites to gain valuable insight into competing amenities, local demand drivers, absorption, and pricing

Obtain and maintain a database of competitor premiums and amenities that are specific to each deal

Track market spot cap rates, sale comps, and operating expense comps with broker contacts

Build networking capabilities by attending industry conferences and meeting people in the CRE industry (e.g. TREC, ULI) and development community

Maintain current knowledge of the local real estate market by monitoring relevant industry publications and leveraging contacts with industry professionals

Qualification

Financial analysisMarket researchData analysisMicrosoft SuiteCustomer serviceCommunication skillsIndependent work

Required

Bachelor's Degree in Business, Finance, Accounting, Engineering, Math, Data Science, or Real Estate preferred

1 – 3 years of prior work experience that built upon an understanding of financial analysis, with the ability to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, etc.)

Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers

Excellent computer proficiency (MS Suite – Word, Excel, PowerPoint and Outlook)

Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service

Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices