IRVING, Texas–(BUSINESS WIRE)–Feb 4, 2019–In a market where multifamily is booming and ranks first nationally, JPI continues to shine above the rest. Per RealPage Inc., JPI has been recognized as Dallas-Fort Worth’s most active apartment developer for the fourth year in a row, with 5,046 homes now under construction. The second most active apartment developer has 1,431 homes under construction. JPI also completed a market-high 1,397 apartment homes in 2018.
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JPI has been recognized as Dallas-Fort Worth’s most active apartment developer for the fourth year in a row, with 5,046 homes now under construction. (Graphic: Business Wire)
“There is undoubtedly a large amount of growth occurring in the Dallas-Fort Worth market,” said Matt Brendel, divisional president and managing partner at JPI. “Because we have been in the market for more than 30 years, we are uniquely positioned to cater to residents and their needs. Armed with decades of market knowledge and a talented team of passionate associates, JPI is well-positioned for success.”
In 2018, JPI started seven communities, adding to their already robust market presence. In the DFW market, JPI has a portfolio of 17 communities completed and in operation or under construction. JPI continues to focus on submarkets with strong employment centers and areas that truly offer a “live, work, play” experience.
JPI’s newest DFW development, Jefferson East Branch, is located along the Dallas North Tollway south of Spring Valley Road and will provide 390 new apartment homes to Farmers Branch. The community, which broke ground in December 2018, is less than one mile from Galleria Dallas (and the recently named “Hotel of the Year” Westin Galleria), which welcomes around 6 million visitors annually.
“It’s been an exciting year, and we are motivated as we kick off this next year,” said Brendel. “We are inspired to provide thoughtfully designed communities that the residents will be proud to call home. As for JPI, we plan to continue delivering the highest-quality apartment homes in strategic locations throughout the DFW area.”
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 offices in California, Arizona and New York. 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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CONTACT: JPI Media Contact
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY RESIDENTIAL BUILDING & REAL ESTATE
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PUB: 02/04/2019 12:02 PM/DISC: 02/04/2019 12:02 PM