Director, Asset Management

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, utilizing data to ensure strategic decisions and exceptional multifamily communities. About The Job The Director of Asset Management is responsible for a broad range of duties across the real‑estate development and construction project lifecycle, providing technical input, decision‑making, and leadership for the Development Team. Typical responsibilities include: Development Planning Land Acquisition and Entitlement Financial Modeling Project Close Investment Ownership Essential Functions & Responsibilities Oversee property build processes, including monthly funding requests and AHJ compliance requirements. Construction owner’s representative support. Evaluate and respond to PCO requests and RFIs requiring owner input. Coordinate outside investor approval on decisions when applicable. Own project budgets and construction finance close‑outs. Oversee LIHTC inspection and compliance requirements. Lead PSR/OAC meetings. Manage property sales, including broker selection, marketing, buyer negotiation, and due diligence. Conduct sell/hold analysis and obtain IC approvals. Manage investor communications, including site tours and quarterly updates. Execute refinance transactions; oversee lease‑up and leasing operations with pricing strategy and market positioning. Select property managers (PMs) and execute PM agreements; handle PM onboarding and pre‑lease‑up activities. Engage with AHJs for ongoing compliance of operating assets. Develop and implement asset management business plans. Handle loan conversions, cost certificates, and cost segregation reports on LIHTC deals. Other Duties and Responsibilities Other duties as assigned. Education, Work Experience, and Physical Requirements Minimum: Bachelor’s degree in Business, Finance, Urban Planning, Accounting, Real Estate, Engineering, Math, or related field. Graduate degree and/or relevant professional certifications encouraged. Demonstrated experience in entitlements, executing development opportunities, working with capital partners, market analytics, asset management, property operations, and strong negotiation skills. Minimum of 8 years of experience in real‑estate development, including significant multifamily development experience. Benefits 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%) Health Savings Account Flexible Spending Accounts (dependent & medical reimbursement) Paid parental leave Paid volunteer time Tuition assistance Phone reimbursement Compensation Range Base salary range: $64,000.00 – $289,000.00. Final compensation will be determined based on experience, skills, and internal equity. #J-18808-Ljbffr JPI