Manager, 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.

The Manager, 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 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
• 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 rule‑of‑thumb analysis for quick viability checks.
• Coordinate proposals for internal committee reviews.
• Administer hard cost questionnaires for cost estimation.
• Prepare and amend LOIs.

• 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.

• Review unit/amenity finishes and community programming.
• Oversee design soft cost budgets.
• 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.
• Analyze capital strategies and quotes for land and development projects.
• 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.
• Ownership of project budgets and construction finance close‑outs.
• Oversight of LIHTC inspection and compliance requirements.
• Conduct sell/hold analysis.
• Manage investor communications, including site tours and quarterly updates.
• Handle PM onboarding and pre‑lease‑up activities.
• Engage with…