IRVING, Texas--(BUSINESS WIRE)--Per RealPage Inc., JPI has been named Dallas-Fort Worth’s most active apartment developer for the seventh consecutive year. JPI topped the list with 3,145 homes under construction, accounting for almost five percent of D-FW’s market share, and out-developing the runner up by over 1,000 homes.
“Maintaining the top ranking for seven years running is an incredible feat,” said Miller Sylvan, JPI’s Senior Vice President and Regional Development Partner. “It’s been a very exciting year for our team, and we are more motivated than ever to continue this pace into 2023 and beyond.”
This designation comes at the close of a landmark year for JPI. The development firm expanded their business to include workforce and independent senior living communities and closed on five new developments in just seventeen days in December.
These five developments – made up of both market rate and workforce housing - include Jefferson McKinney SPCA and Jefferson Verdant in McKinney, Jefferson Railhead II in Frisco, Jefferson Primrose North in Fort Worth, and Jefferson Waters Creek in Anna. With the start of these projects in December and January, JPI now has twenty active projects under construction across the D-FW metroplex. For more details on these developments, head to JPI’s Communities page.
“Closing over 1,700 homes in 17 days is a new record for our team,” said Sylvan. “These closes represent trusted partnerships with cities across the metroplex that continue to buy in to our vision of building what matters. We recognize that our success would not be possible without an entire community of people standing beside us and we are grateful for their support.”
In 2023, JPI’s central team is slated to close another 11 developments, adding 4,300 homes to residents across the metroplex. Alongside their market rate communities, the firm will continue to expand their workforce and senior footprint. Throughout their portfolio of apartment styles, residents can expect JPI communities to include outstanding customer service, a fine attention to detail, and community-centric design.
About JPI
JPI is a national developer, builder, and investment manager of Class A, attainable and affordable multifamily assets across the U.S., with over 4,000 apartment homes under construction. JPI is headquartered in Irving, Texas, and has two offices in Southern California. With a 33-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 comprehensive experience in multifamily developments – ranging from low-density garden apartments and mid- to high-density wrap and podium projects and 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.
