Development Analyst

JPI•Dallas, PA

About The Position

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. About the Job The role of the Development Analyst will take ownership of the acquisitions process by providing thoughtful analysis, research, pipeline management, and reporting to the Central division’s Development Acquisition team. The Development Analyst reports to the Acquisitions Development Manager and will work as a team to evaluate new development opportunities that meet the company’s production goals. As opportunities move from the acquisition to development team, analysts in the analyst pool, will follow the opportunity and support the Development Manager through the design, development, capitalization and construction process.

Requirements

Bachelor’s Degree in Business, Finance, Accounting, Engineering, Math, Data Science, or Real Estate preferred.
1 – 3 years of prior work experience that built upon an understanding of financial analysis, with the ability to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, etc.).
Excellent verbal and written communication skills, including ability to effectively communicate with internal and external customers
Excellent computer proficiency (MS Suite – Word, Excel, PowerPoint and Outlook)
Must be able to work under pressure and meet deadlines, while maintaining a positive attitude and providing exemplary customer service
Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices

Responsibilities

Underwrite and evaluate investment opportunities sourced by Managers
Update and proof underwriting templates to ensure accuracy
Prepare internal presentation material required for investment decision making
Draft Letters of Intent (LOI) for active opportunities
Track investment opportunities in the pipeline and ensure that deal-level information is up to date
Prepare weekly update reports on active opportunities for discussion with the Development team with key metrics
Prepare comparative analysis and other ad-hoc reports for opportunities in the pipeline
Monitor and track progress of Development team’s production goals
Monitor and track key dates for deals currently under contract
Update original underwriting of deals as new information is discovered through due diligence, design process and capitalization options with Development Manager
When able shadow Development Managers on design meetings.
Support Development Manager with ongoing construction obligations such as monthly draws, reforecasting budget and ad hoc investor requests.
Prepare analysis and reporting necessary for meetings with Investment Committee
Monthly and Quarterly market research tasks- jobs/permit tracker, supply, etc.
Tour comparable properties & sites to gain valuable insight into competing amenities, local demand drivers, absorption, and pricing
Obtain and maintain a database of competitor premiums and amenities that are specific to each deal
Track market spot cap rates, sale comps, and operating expense comps with broker contacts
Build networking capabilities by attending industry conferences and meeting people in the CRE industry (e.g. TREC, ULI) and development community.
Maintain current knowledge of the local real estate market by monitoring relevant industry publications and leveraging contacts with industry professionals.