I had a headhunter reach out to me about a position at JPI in their development group for someone with around 7 years of experience. Does anyone here have any experience with them.?
What are they like to work for or with if you’ve invested with them?
What’s their reputation like?
Is it a sweat shop?
Anything else I should know?
You should ask them if there is a deal they wouldn't do? They're nothing if not prolific. I had the head of a well known national developer describe them as the "kings of exotic capital sources". Sounds like things have been going well over there once they got past the big ADA lawsuit back in 2012. I've toured some of their product recently (Dallas), and it's your standard merchant built stuff.
That's all anecdotal, and I haven't transacted with them so someone that is local may be able to give you a better rundown.
They underwrite the hightest land residuals I have seen in SD. Super aggressive acquisition strategy. Seems like they must have some cheap equity (or at least I hope). Overall the guys over there are pretty well respected in the SD market. Just can't get my head around some of the deals they are doing from a numbers standpoint.
Nice group of people, office location in Las Colinas is terrible. As mentioned before, they are arguably the most active merchant builder in the country for stick construction. You will be sizing up a ton or potential sites to see if they pencil out, but will also be executing a lot. Would be solid experience.
Gotta be close to the 15 deals they seem to have in that area!
We've met with them before. They seem like a typical large merchant build group. Very active shop, bread & butter development, but merchant stick build multifamily is very crowded in Texas and traditional lenders are starting to clamp down on construction dollars, however debt funds are still very active and mezz plentiful.
JPI is dong exactly what they did last cycle - as many stick deals as possible. They blew up in 2008, re-branded as "TDI" in 2009, and 5-7 years ago they changed back to JPI. Dont know anyone who works in there now, sorry.
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