Jbl Development

Project Manager, Development

Full Time

Hollywood, FL

Company Overview

JBL is a privately held, fully integrated commercial real estate services company. Founded in 2005 by Jacob Khotoveli, JBL invests private capital on behalf of itself and its investment partners. JBL is based in South Florida and invests in major MSA’s on the Eastern half of the United States.

JBL’s portfolio currently exceeds 5M square feet of real estate, diversified between asset classes of retail, multifamily, and industrial. The company is actively in pursuit of additional opportunities with deal sizes up to $100M, and has transacted with numerous institutions and has a strong reputation for execution in the industry.

JBL’s development portfolio includes 1,692 multifamily units to be constructed in the next few years, plus several commercial ground up and redevelopment projects in various stages of development and construction.

Position Overview

We are seeking a motivated, rigorous, creative individual for the position of Project Manager in our Development group. This individual will focus primarily on the development of market rate residential rental product, notably 700+ units in active land use approvals and South Florida plus 950+ units in phased development in Orlando.

The responsibilities of the Project Manager are diverse, and the position will provide exposure to the entire development project life cycle including origination, diligence, acquisition, entitlements, leasing, financing, preconstruction, construction, operations, and dispositions.

The Project Manager will be responsible for coordinating and managing all tasks related to successful project delivery, including but not limited to: underwriting, contract preparation, change order management, design team coordination, construction administration, risk management, community engagement, and building and maintaining relationships with partners and investors.

Principal Duties and Responsibilities

· Manage all aspects of development, from underwriting, acquisition, predevelopment, through construction and leasing/disposition

· Constructively collaborate with colleagues, partners, and vendors

· Prepare and manage budgets, including the full project underwriting, tracking potential cost impacts, loan terms, cashflow forecasts, and costs

• Assist in vetting and evaluation of potential deals for investment, including review of due diligence and development of underwriting

· Perform market surveys and analyses to document trends, and support new business development opportunities

• Assist in assembling design team, including: drafting requests for proposals, evaluating and leveling consultant bids, and negotiating and drafting contracts
• Manage day-to-day process of consultant team, including meeting and schedule coordination, recording and issuance of meeting minutes, and tracking of deliverables
• Assist in development of marketing and lease up plans with internal and third-party consultants
• Manage project schedule through various phases, beginning to end
• Manage and administer Project incentives, including tax credits and other government programs

· Interface with Construction team to develop estimates, monitor construction progress, change orders, potential change orders, field issues and value engineering exercises for consistency with project documents, legal agreements, approvals and loan

· Prepare investment reports to investors as required

Qualifications

· Bachelor’s degree from an accredited institution with related experience considered in lieu of post graduate studies

· Minimum of 3 to 5 years of commercial or residential real estate development experience

· Preferred experience includes financial analysis or design and construction project management

· Highly organized, intrinsically motivated individual capable of working independently and as part of a team

· Interact with employees, visitors and business partners with poise and diplomacy

· Speak before an audience with confidence, using appropriate communication skills/style

· Compose business letters, expositions, summaries, and reports, using proper format, punctuation, grammar, diction and style

· Ability to manage competing priorities and deliver work product to meet critical deadlines

· Establish and maintain a cooperative working atmosphere among staff

· Ability to leverage technology to perform all job functions at the highest level

JBL does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, parental status, military service, or other non-merit factor.

Founded in 2005 by Jacob Khotoveli, JBL is a privately held, fully integrated commercial real estate investment and services company. We invest private capital on behalf of ourselves and our partners, focusing on major metropolitan statistical areas (MSAs) across the Eastern United States.

Our expertise spans the retail, multifamily, and industrial sectors, with a current portfolio exceeding 5 million square feet. We have built a strong reputation in the industry for our exceptional execution, having successfully partnered with a wide range of institutional investors. JBL is actively seeking new opportunities with deal sizes up to $100 million to further expand our portfolio.

Our development pipeline is robust, featuring over 1,600 multifamily units slated for construction. Additionally, we have a number of commercial ground-up and redevelopment projects in various stages of progress, showcasing our full-spectrum capabilities from acquisition to development.