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⚠️ JAK Alerts:
Mayfair — Exhibit E from Novak needed (JV blocked) Dallas — GC pricing & land PSA needed from Andy F&F Round — Retain Chase Waters for PPM before soliciting
JAK Development Group, LLC
Burns · McNeil · Heard | Multifamily & Mixed-Use Development
👥 John Burns 33.33% · Kent McNeil 33.33% · Andy Heard 33.33%
TX SOS #806487566 · Filed March 11, 2026 · Manager: John Burns
⚠️ 3 Urgent Items 🤖 Last updated by Atlas · April 2, 2026
📊 View Full Deal Pipeline → All HSRE · BBM · JAK deals in one view
🔴 Urgent Items — Action Needed Now
🔴 Mayfair BTR — Exhibit E from Novak (lien disclosures) is the only thing blocking JV execution
🟡 Dallas McKinney — GC pricing confirmation & land PSA needed from Andy before go/no-go
Active Projects — 3 Projects 🤖 April 2, 2026
⚠️ JV Not Signed Active
Mayfair BTR
📍 Build to Rent · Novak Rivery JV
JV v6 is ready. Exhibit E from Novak is the ONLY thing blocking execution. Andy to follow up.
JV v6 — Exhibit E Pending
Stage: JV Execution65%
JV Pending Active
Radiant
📍 Novak JV Structure · Following Mayfair
Novak JV structure in progress. Full buildout follows Mayfair execution.
JV Structure In Progress
Stage: Structuring25%
🆕 New Early Stage
Dallas McKinney (3111 Cole)
📍 Uptown / Turtle Creek, Dallas TX 75204
35-unit luxury MF. Strong submarket (98–99% occupied comps). GC pricing & land PSA needed.
TPC $19.98M | YOC 6.66% | IRR 29%
Stage: Due Diligence10%
🟢 RAISING F&F Round ⚠️ PPM First
F&F Equity Round
💰 JAK F&F LLC · Mayfair BTR + Radiant Active Adult
Friends & family round raising $1.6M total (~$800K/project) to fund JAK's Initial Development Costs. F&F capital converts to LP position at Construction Closing — pari passu with institutional equity + promote kicker.
~18–22% IRR | ~1.7–1.9x | 10–15% Promote Kicker
Raise Progress: $0 / $1.6M0%
📁 JAK Entity Files
Operating agreements, formation docs, and entity records
📂 Open Entity Files in OneDrive ↗
Atlas
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