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JPI · 3 days ago

Development Intern

Dallas Office

Internship

Onsite

Intern

JPI is a leading real estate developer and builder with over 35 years of experience in designing and developing communities. The Development Intern will provide analysis, research, and support for development and acquisition processes, assisting the team with various tasks such as market analysis, underwriting, and document drafting.

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

Create, update and refine financial and business models (e.g. cash flow, valuation, reforecast) to support the strategic decision-making process

Prepare various hold/sell, refinance/recapitalization, comparative and other ad hoc analyses

Prepare quarterly comp set rent analysis for assets in development and under construction

Assist with producing due diligence materials for capitalization and disposition of assets

Evaluate various third-party data platforms to inform efficiency-based decisions across the portfolio

Facilitate implementation of collaboration and consistent process for Investment Management across all regions

Prepare and distribute periodic operational reports for internal and external parties (e.g. weekly leasing, monthly cash flow projection and KPI, quarterly investor, and annual business plan)

Work closely with JPI data analytics team to develop Investment Management dashboard and enterprise reporting system utilizing third party data integration platforms

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

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

Qualification

Financial AnalysisMarket ResearchData AnalyticsReal Estate KnowledgeBusiness ModelingCommunicationTeam Collaboration

Required

Bachelor's degree or pursuing Degree in Business, Finance, Accounting, Real Estate, Engineering, Math, or related field required

This is an entry level position, but prior coursework or internships that built an understanding of financial analysis and how to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, Residual Value, etc.) is paramount