D-FW’s biggest apartment builder has a new CEO

Irving-based JPI makes several changes to its executive ranks.

North Texas’ biggest apartment builder is reshuffling its C-suite.

Irving-based developer JPI said it has promoted Payton Mayes to chief executive.

The previous CEO, Brad Taylor, will transition to becoming a full-time company board member and an owner of the firm. Taylor became CEO of JPI in 2018.

“As JPI looks to the future, I couldn’t be more confident in the expertise, ingenuity and forward-thinking approach demonstrated by Payton and a seasoned executive team,” Taylor said. “Leading JPI has been a great honor, and I look forward to JPI’s bright future under Payton’s well-earned leadership.”

New CEO Mayes joined JPI in 2019 as a regional managing partner.

Along with the change in CEOs, JPI said it is giving chief financial offer Chris Clayton the new role of chief capital markets officer.

And Missy Hubbell will become the company’s chief people officer. Before joining JPI, Hubbell was chief operating officer of an asset management firm.