Development Manager (North Carolina)

About The Company

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation. For more than 3 5 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data - including unparalleled market research, proven business processes, and proprietary models - to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to "Building What Matters." JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

About this Job

The primary function of the Development Manager role is to coordinate and direct all aspects of development projects from due diligence through construction.

Essential Functions & Responsibilities

Be the owner representative, driver of schedule, and decision maker through the design process (leading design meetings, setting plan & budget schedule dates, providing owner directives, maintaining city relationships, and delivering building permits, etc.) to ensure timely closings.

Responsible for the project financial proforma and its accuracy data data-backed assumptions through the development process

Coordinate consultant contracts / proposals with design management input.

Review the production of capital offering memorandums and other ad hoc capital requests. Lead potential capital site tours.

Underwrite / review capital term sheets and recommend the best risk / reward option.

Oversee the closing process, including working with the VP on loan and partnership documents.

Be the owner representative and a decision maker through the construction process (sending out construction draws, reviewing change orders, attending owner / contractor meetings, communicating with investors, assisting asset management with reforecasting, etc.)

Working knowledge of the local multifamily markets (product types, rent analysis, supply / demand, etc).

Coordinate with all JPI disciplines- Preconstruction, Land Acquisition, Construction, Investment Management, Capital Markets, and Risk Management to ensure best outcomes.

Mentor / grow supporting Development Associates and analysts.

Non-Essential Duties and Responsibilities

Thrive in a fast-paced collaborative work environment and approach problem-solving with a team mentality.

Learn quickly and on the go while applying lessons learned.

Other duties as assigned.

Education, Work Experience, & Physical Requirements

Bachelor's Degree in Business Administration with a major in Finance, Accounting, or Real Estate, or similar discipline.

7-9 experience with Real Estate development, multi-family development experience preferred.

Demonstrated experience in : managing design, entitlements, underwriting, and predevelopment processes for potential development opportunities, multi-family construction and scheduling, management of consultants and direct reports, working with municipalities / approval agencies, working with non-development disciplines (asset management, construction), working with legal teams, and market analytics.

Why work for us?

We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to :

Transform Building

Enhance Communities

Improve Lives

JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to :

Transformative careers in a transformative company

Comprehensive training and development

Promotion from within at all levels of the organization

Borderless Careers, based on performance, potential, and personal ambition

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

JPI offers associates a comprehensive benefits package with competitive salaries and more, including :

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