Development Associate; Dallas, TX & San Diego, CA

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 the Job.

JPI has two exciting opportunities for a Development Associate to join our Development team located in Dallas, TX and San Diego, California.

The Development Associate 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 independent technical input and decision-making in relation to JPI projects. The role will typically be responsible for one or more of the following development disciplines:

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

• 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.
• Coordinate proposals for internal committee reviews.
• Administer hard cost questionnaires for cost estimation.

• Secure zoning and entitlement approvals.
• 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.

• 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.
• 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.
• Supporting the…