New

Development Intern

JPI
life insurance, parental leave, tuition assistance, 401(k)
United States, Texas, Dallas
Jan 09, 2026
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 role of the Development Intern will be to be responsible for providing analysis, research, and support to the Central division in all operating functions, from development and acquisition of new assets to management and disposition of operating properties. Assist the team in new development production inclusive of site sourcing, underwriting, market analysis, and document drafting. Work closely to ensure that all under-contract deals are closed by assisting in the city submittal process. It is a part-time position and pay is hourly. The intern will be working in our Dallas office covering Texas. Essential Functions & Responsibilities Acquisition Underwriting. 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 Development Pipeline Coordination. 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 Development Deal Analysis. 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 Market Research. 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 Investment Management Create, update and refine financial and business models (e.g. cash flow, valuation, reforecast) to support the strategic decision-making process. Prepare various hold/sell, refinance/recapitalization, comparative and other ad hoc analyses. Prepare quarterly comp set rent analysis for assets in development and under construction. Assist with producing due diligence materials for capitalization and disposition of assets. Evaluate various third-party data platforms to inform efficiency-based decisions across the portfolio. Facilitate implementation of collaboration and consistent process for Investment Management across all regions. Reporting Prepare and distribute periodic operational reports for internal and external parties (e.g. weekly leasing, monthly cash flow projection and KPI, quarterly investor, and annual business plan). Work closely with JPI data analytics team to develop Investment Management dashboard and enterprise reporting system utilizing third party data integration platforms Non-Essential Functions & Responsibilities. Build networking capabilities by attending industry conferences and meeting people in the CRE industry (e.g. TREC, ULI). Maintain current knowledge of the local real estate market by monitoring relevant industry publications and leveraging contacts with industry professionals. Knowledge and Experience Required: Bachelor's degree or pursuing Degree in Business, Finance, Accounting, Real Estate, Engineering, Math, or related field required. This is an entry level position, but prior coursework or internships that built an understanding of financial analysis and how to calculate and interpret return metrics (NOI, Cap Rate, IRR, NPV, Levered vs Unlevered returns, Return on Cost, Residual Value, etc.) is paramount. Why work for us? We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to: Transform Building Enhance Communities Improve Lives JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to: Transformative careers in a transformative company Comprehensive training and development Promotion from within at all levels of the organization Borderless Careers, based on performance, potential, and personal ambition *Industry Recognition* 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