Apply on Employer Site

JPI · 8 hours ago

Vice President, Development

Dallas, TX

Full-time

Onsite

Director/Executive

10+ years exp

JPI is a leading real estate developer and builder with a commitment to data-driven management and community impact. The Vice President, Development will lead a range of responsibilities across the real estate development lifecycle, including development planning, land acquisition, financial modeling, and investment ownership.

Real Estate

Comp. & Benefits

Responsibilities

Develop strategies based on market trends, opportunities, and competitive advantages

Create geographical expansion plans to guide organizational 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 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

Negotiate land purchases, including LOI preparation and contract finalization

Coordinate proposals for internal committee reviews

Kick off the concept design process for potential projects

Administer hard cost questionnaires for cost estimation

Oversee due diligence, including budget validation and third-party reports

Lead the investment committee review for approval of land acquisitions

Secure zoning and entitlement approvals

Define the entitlement process and political landscape

Develop entitlement strategies 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, 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

Lead design kick-off meetings at all phases 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 overall project approvals and conduct board reviews

Secure easements as required

Close capital arrangements, including public/private partnerships and site tours

Analyze capital strategies and quotes for land and development projects

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

Coordination of outside investor approval on decisions when applicable

Ownership of project budgets and construction finance close-outs

Oversight of LIHTC inspection and compliance requirements

Lead PSR/OAC meetings

Manage property sales, including broker selection, property marketing, buyer negotiation, and due diligence

Conduct sell/hold analysis and obtain IC approvals

Manage investor communications, including site tours and quarterly updates

Execution of refinance transactions. Oversee lease-up and leasing operations, including pricing strategy, market positioning

Select property managers (PMs) and execute PM agreements

Handle PM onboarding and pre-lease-up activities

Engage with AHJs for ongoing compliance of operating assets

Develop & implement asset management business plans

Handle loan conversions, cost certificates, and cost segregation reports on LIHTC deals

Other duties as assigned

Qualification

Real Estate DevelopmentFinancial ModelingEntitlementsMarket AnalyticsNegotiation SkillsLeadershipProject ManagementTeam ManagementCommunication Skills

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 10 years' experience in Real Estate development, including significant multifamily development experience