JPI · 21 hours ago
Development Associate (Dallas, TX & San Diego, CA)
Dallas, TX
Full-time
Onsite
Entry, Mid Level
2+ years expJPI is a prominent real estate developer and builder with over 35 years of experience. They are seeking a Development Associate to engage in various responsibilities across the real estate development lifecycle, including development planning, land acquisition, financial modeling, and investment ownership.
Real Estate
Responsibilities
Define underwriting standards and ensure compliance across all projects
Incorporate market-based inputs and projections into planning and underwriting
Monitor project underwriting compliance to ensure adherence to established standards
Develop and analyze project and investment KPIs and benchmarks for performance evaluation
Track and report on project and investment performance
Provide feedback to refine strategy and underwriting processes based on performance data
Source land opportunities and track systematically
Build and maintain broker relations
Conduct site searches and review land deals for initial feasibility
Screen land at a macro level, including sub-market analysis and ranking
Perform zoning and code analysis to assess regulatory fit
Screen land at a micro level, focusing on site-specific factors
Ensure business plan alignment with acquisition targets
Conduct entitlement feasibility analysis
Apply the rule-of-thumb analysis for quick viability checks
Coordinate proposals for internal committee reviews
Administer hard cost questionnaires for cost estimation
Secure zoning and entitlement approvals
Submit applications for bonds and tax credits
Establish community programming to support entitlements
Manage entitlement projects, including mapping, hearings, and CEQA compliance as required
Perform initial underwriting for new deals
Provide underwriting deal updates to keep stakeholders informed
Analyze rents and comparables for market positioning
Prepare presentation packages for committee presentations
Run capital scenarios to optimize financing
Finalize underwriting models for deal closing
Perform reforecast modeling to update projections
Generate quarterly investment reporting
Conduct sale and refinance analysis to evaluate exit strategies
Prepare board packages for land and overall project approvals and conduct board reviews
Secure easements as required
Close capital arrangements, including public/private partnerships and site tours
Manage due diligence for land and development projects
Prepare closing statements and loans for land and development projects
Handle capital documents for land and development projects
Facilitate closing calls for land and development projects
Prepare closing exhibits
Oversee post-closing services
Oversee property build processes, including monthly funding requests and AHJ compliance requirements
Construction owner’s rep support
Evaluate and respond to PCO requests and RFIs requiring owner input
Supporting the management of project budgets and construction finance close-outs
Oversight of LIHTC inspection and compliance requirements
Supporting the Investment Ownership team with investor communications, including site tours and quarterly updates
Analyze rents and comparables for market positioning
Prepare presentation packages for committee presentations
Run capital scenarios to optimize financing
Generate quarterly investment reporting
Conduct sale and refinance analysis to evaluate exit strategies
Review and approve unit/amenity finishes and community programming
Manage due diligence for land and deals
Oversee lease-up and leasing operations, including rent strategy and approvals
Develop asset management business plans
Review & reporting for project-level monthly financials
Support for refinance analysis, due diligence, & closings
Market & submarket fundamentals research, including touring comparables, monitoring demographic trends, & evaluating data from various third-party sources
Support for retail space leasing & tenant build-out when applicable
Other duties as assigned
Qualification
Required
A Bachelor's Degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math, or a related field is required
Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills
Minimum of 2 years' experience in Real Estate development, including significant multifamily development experience
Preferred
Graduate degree and/or relevant professional certifications encouraged
Benefits
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
Associate Referral Bonuses
Company
JPI
JPI is a leading development and construction company with a mission to transform building, enhance communities and improve lives.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$80MKey Investors
Dekel Capital
2023-10-02Acquired
2019-08-19Debt Financing· $80M
Leadership Team
Payton Mayes
Chief Executive Officer
Mollie Fadule
Chief Financial & Investment Officer
Recent News
The Business Journals
2024-12-28
Company data provided by crunchbase