IRVING, Texas–(BUSINESS WIRE)–In an economy where multifamily housing is booming, JPI continually strives to bring excellence to the market. The National Multifamily Housing Council (NMHC) recently named JPI the eighth largest apartment developer in the nation, meaning JPI has moved up one spot from the council’s 2018 rankings. Additionally, JPI earned the ninth spot on NMHC’s 25 Largest Builders list, moving up two spots from the previous year’s rankings.
“This accomplishment wouldn’t be possible without the hard work and dedication of the entire JPI family, and we couldn’t be prouder of our talented associates, who are directly responsible for our success,” said Brad Taylor, chief development officer and national managing partner at JPI. “Our recognition from the NMHC only validates that we have assembled a team of the best people in our industry.”
NMHC partners with Kingsley Associates to position their rankings of developers and builders based on the previous year’s project starts, and in 2018, JPI started over 3,500 apartment homes, adding multiple new developments to their portfolio. JPI continues to focus on submarkets with robust economic growth, expanding employment centers and areas that truly offer a live-work-play experience.
“We’re continuously humbled by the favorable response we receive from our residents and the high demand our properties receive,” said Matt Brendel, divisional president and managing partner at JPI. “2018 was a record-breaking year for us in terms of production, and with the strong fundamentals driving the market, we don’t anticipate slowing down any time soon.”
“JPI has been a force in the Southern California market for over 20 years,” said Rosie Cooper, executive vice president and regional managing partner in JPI’s western division. “We are honored to be listed alongside many successful companies and are excited to continue our hard work for the communities in which we serve.”
JPI’s newest development, Jefferson Texas Plaza, broke ground in February 2019. It’s located adjacent to the University of Dallas in Irving, Texas, and will provide 282 apartment homes with premier amenities. Their tenth community in the booming Irving-Las Colinas submarket, Jefferson Texas Plaza will be a hub for residents looking for a place to call home.
JPI also recently broke ground on Jefferson Vista Canyon. Located in Santa Clarita, California, this 480-home, mixed-use walkable community will be complete by spring 2020 and will bring top-of-the-line luxury to the residents of Santa Clarita’s Vista Canyon community.
For a detailed viewing of JPI’s portfolio of luxury communities, visit the communities page of their website at JPI.com/communities.
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.