Multifamily Land Acquisitions Manager
hace 1 semana
About JPI Companies
JPI Companies is a leading real estate developer and builder, built on a foundation of integrity, respect, and commitment. For over 35 years, we have designed and developed communities with best-in-class homes and amenities, committed to data-driven management and continuous improvement.
We are a People First culture, seeking 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.
Job SummaryThe Director, Land Acquisitions will focus on the Charlotte, NC region, sourcing, entitling, and acquiring new multifamily development opportunities, ensuring 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 an appropriate deal pipeline.
Responsibilities- Sourcing New Deals: Responsible for sourcing new deals in Charlotte to help fill the region's business plan goals.
- Research Development Opportunities: Cultivate relationships with Broker community, direct source development opportunities through strategic avenues, and 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, and ensure 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 PowerPoint presentations for the 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: Attend industry conferences and meet people in the broker community.
- 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.
- Candidate must 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.).
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.
We estimate the salary for this role to be $120,000 - $180,000 per year, depending on experience.
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