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
The role of the Director, Land Acquisitions is to focus on the Austin and/or Houston area. This position will be responsible for sourcing, entitling, and acquiring new multifamily development opportunities and ensuring the Business Plan production targets are met.
This position will work closely with Development Analyst, Development Associate, Development Manager, Vice President and Senior Vice President roles to develop appropriate deal pipeline.
Essential Duties & Responsibilities:
Source New Deals
Responsible for sourcing new deals in DFW to help fill the regions business plan goals
Research development opportunities
Cultivate relationships with Broker community
Direct source development opportunities through strategic avenues
Direct, review, and confirm underwriting from Development Associates/Analysts
for local assumptions
Understand different structures to capitalize affordable housing in public private partnerships with PFCs and HFCs
Pursue Entitlements
Accountable for submittals, timelines, interface with elected officials and city staff to negotiate and secure entitlements for new developments
Gain Control of New Sites
Prepare and submit letters of intent
Negotiate and secure main economic terms with land sellers
Lead land purchase contract preparation, negotiation, and execution
Ensure that all aspects and obligations of land purchase contracts are met appropriately
Investment Committee Approval
Lead the development of investment packages and pitches for presentation to the Investment Committee
Manage and verify/confirm all aspects of underwriting analysis
Assist in the oversight for the creation and preparation of power point presentation for Investment Committee
Create the investment vision and ensure vision is accurately translated through the Investment Committee presentation
Market Research
Train, manage and verify analyst's efforts in tracking market economics for new multi-family development sites and stabilized asset sales including return on cost and cap rate metrics
Build networking capabilities through attending industry conferences and meeting people in the broker community.
Land Closing, Project Capitalization and Disposition
Assist in other functions as needed during capital raise and disposition process (e.g. preparation of capital and disposition offering documents and conducting site tours)
Project Entitlement and Design
Work with other functions as needed to ensure the project vision is carried out through the design and entitlement process
Leadership
Mentor and help develop Acquisition Manager(s) and Associate/Analyst(s) for career growth and high performance
Assist in the selection and training of new team members.
Non-Essential Duties & Responsibilities:
Other duties as assigned.
Education, Work Experience, & Physical Requirements:
Bachelor's degree in Business, Finance, Accounting, Real Estate, Engineering, Math or related field required. Graduate degree and/or relevant professional certifications encouraged.
7-9 years of related experience preferred.
While not a primary responsibility for this position, it is expected that candidates will have a significant track record of experience in and thorough understanding of managing and leading all aspects of the development process including due diligence, entitlements, (re)zoning, project design, capitalization, and asset/property management.
Candidate must also possess mastery of real estate investment financial analysis and understand how to calculate and interpret return metrics (Cap Rate, IRR, Return on Cost, Residual Value etc.)
Why work for us?
We are a People First culture,
and seek team members who are hungry, humble, and people smart with an eye to continuous improvement . Our culture begins with people and our goal is to attract, retain, and grow the best talent in the industry. Through ongoing investment in the development of our people, we provide meaningful opportunities for professional success and fulfillment. Led by values and principle-based leadership, our team approaches every project with responsibility, accountability, and integrity.
Industry RecognitionWe're not inclined to brag, but we have been recognized on some impressive lists. Here are just a few of our noteworthy recognitions:
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
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