JPI
Overview
Vice President, Development is a key leadership role within JPI. The VP Development engages in a broad range of responsibilities across the real estate development and construction project lifecycle. The role requires high levels of technical and strategic input, plus leadership and management of the Development Team. Essential Functions & Responsibilities
Development Planning: Develop strategies based on market trends, opportunities, and competitive advantages. Create geographical expansion plans to guide growth into new markets. Define product characteristics, including unit types, amenities, and target market segments. Formulate and analyze capital strategies for land and development projects. Define underwriting standards and ensure compliance across all projects. Incorporate market-based inputs and projections into planning and underwriting. Monitor project underwriting compliance and develop and analyze project and investment KPIs and benchmarks. Track and report on project and investment performance. Provide feedback to refine strategy and underwriting processes based on performance data. Land Acquisition: Source land opportunities and track systematically. Build and maintain broker relations. Conduct site searches and review land deals for initial feasibility. Screen land at macro and micro levels, including sub-market and site-specific analyses. Ensure business plan alignment with acquisition targets and conduct entitlement feasibility analysis. Apply quick viability checks as needed. Negotiate land purchases (LOI and contracts) and coordinate proposals for internal committee reviews. Kick off concept design for potential projects and oversee due diligence and third-party reports. Lead investment committee reviews for land acquisitions. Entitlement: Secure zoning and entitlement approvals. Define entitlement processes and schedules. Provide entitlement consultation to teams and partners. Negotiate and execute partnership MOUs. Submit applications for bonds and tax credits. Establish community programming to support entitlements. Manage entitlement projects (mapping, hearings, CEQA compliance as required). Financial Modeling: Perform initial underwriting for new deals. Provide underwriting updates to stakeholders. Analyze rents and comparables for market positioning. Prepare presentation packages for committee reviews. Run capital scenarios to optimize financing and finalize underwriting models for deal closing. Perform reforecasting to update projections and generate quarterly investment reporting. Conduct sale and refinance analyses to evaluate exit strategies. Project Close: Lead design kickoff meetings from schematic design onwards. Review and approve unit/amenity finishes and community programming. Oversee design soft cost budgets. Negotiate and execute design consultant contracts. Prepare board packages for land and project approvals and conduct board reviews. Secure easements as required. Close capital arrangements (including public/private partnerships and site visits). Analyze capital strategies and quotes, manage due diligence, prepare closing statements and loans, handle capital documents, and facilitate closing calls. Prepare closing exhibits and oversee post-closing services. Investment Ownership: Oversee property build processes (monthly funding requests and AHJ compliance). Support construction owner’s representation. Evaluate and respond to PCO requests and RFIs requiring owner input. Coordinate outside investor approvals as applicable. Own project budgets and construction finance close-outs. Oversee LIHTC inspection and compliance. Lead PSR/OAC meetings. Manage property sales (broker selection, marketing, negotiations, and due diligence). Conduct sell/hold analyses and obtain IC approvals. Manage investor communications (site tours and quarterly updates). Execute refinance transactions and oversee lease-up and leasing operations including pricing strategy and market positioning. Select property managers and manage onboarding and pre-lease activities. Engage with AHJs for ongoing compliance of operating assets. Develop and implement asset management business plans. Handle loan conversions, cost certificates, and cost segregation reports on LIHTC deals. Other Duties: Perform additional duties as assigned. Education, Work Experience, & Physical Requirements
Bachelor’s Degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math, or a related field is required. Graduate degree and/or relevant professional certifications encouraged. Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills. Minimum of 10 years’ experience in real estate development, including significant multifamily development experience. Why work for us?
We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our purpose is to transform buildings, enhance communities, and improve lives. We offer opportunities for personal development and growth, competitive compensation and benefits, and a culture that promotes internal promotion and broad career paths. 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 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 Notes: This description reflects the responsibilities and requirements for the Vice President, Development role at JPI. It does not include any extraneous listings or non-relevant job postings.
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Vice President, Development is a key leadership role within JPI. The VP Development engages in a broad range of responsibilities across the real estate development and construction project lifecycle. The role requires high levels of technical and strategic input, plus leadership and management of the Development Team. Essential Functions & Responsibilities
Development Planning: Develop strategies based on market trends, opportunities, and competitive advantages. Create geographical expansion plans to guide growth into new markets. Define product characteristics, including unit types, amenities, and target market segments. Formulate and analyze capital strategies for land and development projects. Define underwriting standards and ensure compliance across all projects. Incorporate market-based inputs and projections into planning and underwriting. Monitor project underwriting compliance and develop and analyze project and investment KPIs and benchmarks. Track and report on project and investment performance. Provide feedback to refine strategy and underwriting processes based on performance data. Land Acquisition: Source land opportunities and track systematically. Build and maintain broker relations. Conduct site searches and review land deals for initial feasibility. Screen land at macro and micro levels, including sub-market and site-specific analyses. Ensure business plan alignment with acquisition targets and conduct entitlement feasibility analysis. Apply quick viability checks as needed. Negotiate land purchases (LOI and contracts) and coordinate proposals for internal committee reviews. Kick off concept design for potential projects and oversee due diligence and third-party reports. Lead investment committee reviews for land acquisitions. Entitlement: Secure zoning and entitlement approvals. Define entitlement processes and schedules. Provide entitlement consultation to teams and partners. Negotiate and execute partnership MOUs. Submit applications for bonds and tax credits. Establish community programming to support entitlements. Manage entitlement projects (mapping, hearings, CEQA compliance as required). Financial Modeling: Perform initial underwriting for new deals. Provide underwriting updates to stakeholders. Analyze rents and comparables for market positioning. Prepare presentation packages for committee reviews. Run capital scenarios to optimize financing and finalize underwriting models for deal closing. Perform reforecasting to update projections and generate quarterly investment reporting. Conduct sale and refinance analyses to evaluate exit strategies. Project Close: Lead design kickoff meetings from schematic design onwards. Review and approve unit/amenity finishes and community programming. Oversee design soft cost budgets. Negotiate and execute design consultant contracts. Prepare board packages for land and project approvals and conduct board reviews. Secure easements as required. Close capital arrangements (including public/private partnerships and site visits). Analyze capital strategies and quotes, manage due diligence, prepare closing statements and loans, handle capital documents, and facilitate closing calls. Prepare closing exhibits and oversee post-closing services. Investment Ownership: Oversee property build processes (monthly funding requests and AHJ compliance). Support construction owner’s representation. Evaluate and respond to PCO requests and RFIs requiring owner input. Coordinate outside investor approvals as applicable. Own project budgets and construction finance close-outs. Oversee LIHTC inspection and compliance. Lead PSR/OAC meetings. Manage property sales (broker selection, marketing, negotiations, and due diligence). Conduct sell/hold analyses and obtain IC approvals. Manage investor communications (site tours and quarterly updates). Execute refinance transactions and oversee lease-up and leasing operations including pricing strategy and market positioning. Select property managers and manage onboarding and pre-lease activities. Engage with AHJs for ongoing compliance of operating assets. Develop and implement asset management business plans. Handle loan conversions, cost certificates, and cost segregation reports on LIHTC deals. Other Duties: Perform additional duties as assigned. Education, Work Experience, & Physical Requirements
Bachelor’s Degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math, or a related field is required. Graduate degree and/or relevant professional certifications encouraged. Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills. Minimum of 10 years’ experience in real estate development, including significant multifamily development experience. Why work for us?
We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our purpose is to transform buildings, enhance communities, and improve lives. We offer opportunities for personal development and growth, competitive compensation and benefits, and a culture that promotes internal promotion and broad career paths. 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 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 Notes: This description reflects the responsibilities and requirements for the Vice President, Development role at JPI. It does not include any extraneous listings or non-relevant job postings.
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