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JPI says it is positioned to lead multifamily market recovery in 2021

FWBP Staff – April 9, 2021 Irving-based multifamily developer JPI is prepared to lead the multifamily residential recovery in 2021 and beyond following a year of landmark success during the nuanced economic and market challenges of 2020, the company says. Throughout last year, JPI developed new projects, expanded communities and sold properties through portfolio transactions, […]

Waterford Property Buys Jefferson Platinum Triangle Apartments in Anaheim for $160M, Plans Workforce Housing Conversion

Jefferson Platinum Triangle features 400 apartments, two swimming pools, hot tubs, outdoor cooking areas, fitness centers and a yoga studio. ANAHEIM, CALIF. — Waterford Property Co., in partnership with California Statewide Communities Development Authority (CSCDA), has purchased Jefferson Platinum Triangle. The transit-oriented multifamily community is located at 1781 S. Campton Ave. in Anaheim’s Platinum Triangle […]

JPI Receives $69.7M Refinancing for Jefferson Pacific Beach Apartments in San Diego

SAN DIEGO — JPI, a Texas-based multifamily investment and development firm, has received a $69.7 million loan for the refinancing of Jefferson Pacific Beach, a recently constructed apartment community in San Diego’s Pacific Beach neighborhood. Located at 4275 Mission Bay Drive, Jefferson Pacific Beach features 169,571 square feet of residential space, including 172 apartments, and […]

JPI marks ninth asset transfer to Lone Star Funds with sale of Jefferson Woodlands

FWBP Staff – February 5, 2021   JPI has announced the sale of Jefferson Woodlands, a 364-home, 15-acre multifamily community located in Garland to an affiliate of Lone Star Funds, marking JPI’s ninth individual asset sold to the private equity firm in the past 12 months. In August and October of 2020, JPI and Lone Star […]

JPI promotes Payton Mayes to divisional president and managing partner

FWBP Staff – January 26, 2021 Irving-based JPI has promoted Payton Mayes to divisional president and managing partner after successes in 2020, including portfolio transactions, pre-construction project sales and continued growth for the most active multifamily developer in Dallas-Fort Worth. Mayes will oversee and lead all components of JPI’s multifamily regional operations, including site acquisition, development, […]

JPI Secures Financing for SoCal Development

JPI Cos. has closed construction financing on its mixed-use development Jefferson Centerpointe, to be built one-fifth of a mile from the Old Town area of Placentia, Calif., a fast-growing municipality on the edge of North Orange County. The development will feature 418 luxury apartments along with more than 8,200 square feet of retail space. “Placentia […]

JPI Advances Revitalization Efforts of Orange County Community With Close of Jefferson Centerpointe

Proximate to major employment hubs, entertainment destinations and higher education institutions, Jefferson Centerpointe will offer residents an unparalleled living experience IRVING, Texas – JPI announced today the close of construction financing of Jefferson Centerpointe, a mixed-use development that will consist of 418 luxury multifamily units and more than 8,200 square feet of retail space in […]

Investor Lone Star Funds snaps up almost 1,200 D-FW apartments from builder JPI

By Steve Brown 5:00 AM on Nov 17, 2020 Just-completed three-property purchase is the second such deal this year. The Jefferson 1900 apartments in Farmers Branch were included in the sale. Apartment builder JPI has just closed another huge sale of North Texas rental units. The Irving-based developer has sold almost 1,200 apartments in Irving, Farmers Branch […]

Apartment developer JPI to build 424-unit apartments in Frisco

By Bill Hethcock  – Senior Reporter, Dallas Business Journal Oct 30, 2020, 8:00am EDT Apartment developer JPI has closed on construction financing for Jefferson at The Grove, a Class A multifamily project that will have urban-style architecture, extensive community amenities and upgraded interiors, the company said Thursday. Irving-based JPI’s newest property transaction is part of a larger development […]

Irving apartment developer JPI plans wave of new apartment construction in DFW after mega-sale

Hot off a five-project, almost 2,000-unit sale earlier this month, Irving-based apartment developer JPI is focusing on building “out” in Dallas-Fort Worth. Out, as in out in the suburbs. And out, as in out, not up. “We don’t anticipate any concrete high-rises, at least in the short-term,” Blake Taylor, JPI’s senior vice president and regional development […]

THE ROARING ‘20S ARE BACK: A DECADE OF GROWTH WILL PROPEL DFW’S MULTIFAMILY MARKET

JULY 13, 2020 Even during this time of unprecedented economic turmoil, lenders are showing a willingness to back new multifamily projects—assuming certain circumstances are met. Nowhere is that truer than in the fastest-growing metro over the past decade. The Dallas-Ft. Worth area acquired 1,349,378 new residents between 2010 and 2019, more than any other U.S. […]

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