JPI SELLS AWARD-WINNING JEFFERSON LANDMARK TO BEACHWOLD RESIDENTIAL

FOR IMMEDIATE RELEASE

JPI Sells Award-Winning Jefferson Landmark to Beachwold Residential

Sale marks the first in 2020 for most active multifamily developer in Dallas-Fort Worth

IRVING, Texas (Jan. 15, 2020) – JPI  announced today the sale of Jefferson Landmark, a 324-unit luxury award winning community, to Beachwold Residential. Recognized as the “Best Architectural Design: Multifamily” in 2019 by the Dallas Builders Association, Jefferson Landmark is located in the heart of endless retail, restaurant and entertainment options right off of the Dallas North Tollway and close to the Galleria, Prestonwood Town Center and Village on the Parkway.

As Dallas continues to attract new residents and grow at an exponential rate, Jefferson Landmark provides luxury living for residents seeking a live, work, and play lifestyle. Opened in 2018, this 294,000 square-foot property sits on four acres just west of the Dallas North Tollway near Spring Valley. Property amenities include luxury finishes, an infinity edge pool with seating and TV lounge, a 24-hour mini market, rooftop outdoor deck, lush courtyards with gas pizza oven, controlled access, keyless unit entries and 10-20’ ceilings.

Beachwold Residential controls 60 apartment communities with over 15,000 units in Connecticut, Texas, Florida, Georgia, Virginia, New Jersey and Tennessee. The purchase of Jefferson Landmark adds to the company’s growing presence in the Dallas-Fort Worth area, where they operate over a dozen properties.

“It has been a pleasure to work with Beachwold on this transaction,” said Blake Taylor, senior vice president and regional development partner. “They are a best-in-class organization and have worked tirelessly alongside the JPI team to ensure the transaction ran smoothly from start to finish. We could not be happier to pass on this community to their capable team.”

About JPI
JPI is a national developer, builder and investment manager of Class A multifamily assets across the U.S. and is the most active multifamily developer in Dallas-Fort Worth, with over 5,000 apartment homes under construction. Headquartered in Irving, Texas, JPI also has an office in California. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI’s executive leadership team has an average of 25 years of comprehensive experience in multifamily developments – ranging from low-density garden apartments and mid- to high-density wrap and podium projects to student-living housing projects and mixed-use high-rise developments. The firm offers investment management, predevelopment, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.

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JPI MEDIA CONTACT

Erin Allen

erin.allen@jpi.com

972-373-3661