Vice President, Development

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.

• 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…