IRVING, Texas, Jan. 30, 2017 /PRNewswire/ -- JPI, a leader in the development of Class A multi-family housing, is proud to be recognized as the number one apartment developer in Dallas-Fort Worth for the second year in a row.
JPI had over 3,100 apartment homes under construction in DFW at the end of 2016, according to research by Axiometrics, with another 700 North Texas apartment homes completed in 2016.
"Holding the top ranking for most apartment homes under construction for the second year in a row is truly humbling," said Matt Brendel, senior vice president and development partner at JPI. "We are extremely proud to have the best people in the industry on our team and are amazed by their commitment to excellence, focus on best practices and attention to detail."
JPI's newest projects under construction include the Jefferson Creek community in Richardson's Telecom Corridor and the Jefferson Mercer community in Farmers Branch.
"It's an exciting time to be developing real estate in DFW," said Brad Taylor, managing regional partner at JPI. "But, we're not just building apartments, we're cultivating new communities and fostering sustainable growth."
In response to the continued growth in the DFW market, JPI plans to continue to utilize its best-in-class investment and organizational platforms to deliver top of market apartment developments in strategic locations throughout the metroplex into the future. JPI expects to start construction on another 1,500 apartment homes representing an almost $300 million investment in DFW in 2017.
JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets, headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major US 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, mid to high-density wrap and podium projects, student living housing projects and mixed-use high raise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.JPI.com.
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