Investment Associate

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.
About the Job.
The Investment Associate will focus primarily on early-stage asset management responsibilities, modeling and reporting, market research, tracking of performance metrics, and strategy for a portfolio of newly constructed multi-family real estate projects. This position supports the Investment Manager/Operations Manager teams with analytics and due diligence required to meet the performance goals of each asset. This position will also work directly with the development, design and accounting departments.
Essential Functions & Responsibilities:

• Able to take on primary asset management responsibilities for 1-2 properties with oversight as needed from the investment management team.
• Perform financial forecasts, valuations in a DCF model, and waterfalls regularly. Incorporate results into monthly investor reporting.
• Provide a major support role to the senior investment manager for property sales in addition to preparing sales packages and assisting with due diligence needs.
• Able to take the lead in regularly scheduled meetings & calls with property management team members and revenue management representatives.
• Can take a significant role in presentations to senior management on various subjects such as property valuations, property forecasts, and market analysis.
• Has the ability to design, develop, and refine tailored real estate financial (e.g., cash flow, valuation, forecast) and business models using Excel to support the decision-making process for real estate transactions.
• Prepare and maintain the weekly and monthly update performance reports on assets, including KPIs and dashboard metrics- recommend strategies to meet/exceed goals.
• Perform necessary analytical tasks as related to the review of loan docs, appraisals, expenditures, insurance, investor reporting, draw requests, and other tasks.
• Research and evaluate market data for the asset's submarket community comp set; rents, concession, absorption, and new supply from firms such as Real Page, Costar, and Witten Advisors.
• Review and provide feedback on variance reports for monthly operating statements, annual operating budgets, and business plans for new assets.
• Able to manage multiple projects/tasks simultaneously.
• Strong interest in multi-family product types that JPI develops - market rate, workforce, affordable, build-to-rent.
• Able to evaluate a property's competitive strengths and weaknesses.

Non-Essential Duties and Responsibilities:

• Other duties as assigned.

Education, Work Experience, & Physical Requirements

• Bachelor's degree in Finance, Accounting, Economics, or business-related study.
• Incumbent should have at least 4-6 years prior experience within the Multifamily Asset Management arena and have strong Excel/financial modeling skills.
• Merchant Build Developer / Lease-Up experience preferred.
• Understanding of real estate capital (debt and equity) is also required.

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 Recognition
We'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