AP NEWS

JPI Closes Sale of Jefferson Riverside

November 29, 2018

IRVING, Texas--(BUSINESS WIRE)--Nov 29, 2018--JPI, a leader in the development of Class A multifamily housing, announced today the sale of Jefferson Riverside, its latest project in Las Colinas. Located in the heart of the booming master-planned community, Jefferson Riverside is a 371-home mid-rise development distinctively designed to serve the residents of the area.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181129005834/en/

JPI, a leader in the development of Class A multifamily housing, announced today the sale of Jefferson Riverside, its latest project in Las Colinas. (Photo: Business Wire)

“We’ve called Las Colinas home for a long time,” said Matt Brendel, division president and managing partner for JPI’s central region. “Las Colinas has experienced unprecedented growth over the last few years. It gives us great pride to deliver another top-of-the-line community to this area – a place that residents can be proud to call home.”

Jefferson Riverside, developed and built by JPI in 2017, sits on 4.68 acres and is within walking distance of a DART rail station. In addition to convenient access to transportation, Jefferson Riverside is within walking distance of the new Toyota Music Factory, a world-class entertainment destination that contains The Pavilion, a groundbreaking concert venue; an Alamo Drafthouse, and numerous dining and nightlife options.

Jefferson Riverside’s amenities are unlike others in the area. The community features a luxurious clubhouse with a unique 24-hour Uber pickup lounge, a resort-style pool, 24-hour game lounge, Luxer One package lockers, a convenient shipping package storage option, Avenue C micro-market, two private courtyards, a state-of-the-art fitness center with yoga studio and a fifth-floor amenity deck overlooking beautiful Lake Carolyn. There is no doubt this community shines among its competitors in the market.

Partners on Jefferson Riverside include:

Fifth Third Bank – senior lender Faulkner Design Group – interior design JHP – architect JPI – owner/general contractor Institutional Property Advisors – broker ZRS – property management company

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 4,000 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.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181129005834/en/

CONTACT: JPI MEDIA CONTACT

Chelsea O’Neal

chelsea_oneal@richards.com

214-891-7731

KEYWORD: UNITED STATES NORTH AMERICA TEXAS

INDUSTRY KEYWORD: REIT CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: JPI

Copyright Business Wire 2018.

PUB: 11/29/2018 05:43 PM/DISC: 11/29/2018 05:43 PM

http://www.businesswire.com/news/home/20181129005834/en

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