Vice President, Development

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 35 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.

Vice President, Development is a key leadership role within JPI. The VP Development is expected to engage in any or all of a broad range of responsibilities across the real estate development and construction project lifecycle. The position demands the highest levels of technical and strategic input to projects, as well as the leadership and management of people in the Development Team.

VP Development will typically be responsible for one or more of the following development disciplines:

• Development Planning
• Land Acquisition and Entitlement
• Financial Modelling
• Project Close
• Investment Ownership

• 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…