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JPI secures financing for $150 million mixed-use development in Long Beach

Funding from Tokyo Tatemono US Ltd. and BMO Bank launches first phase of Mosaic redevelopment project LONG BEACH, Calif (Nov. 6, 2025) – JPI, a leader in Class A multifamily development, in partnership with Tokyo Tatemono US Ltd. and BMO Bank, has closed on construction financing for Portico, a $150 million, mixed-use development in Long Beach, Calif. Located […]

JPI Expands into the Southeast with Focus on Charlotte, Raleigh-Durham, and Nashville

Statement from JPI CEO Payton Mayes and Economic Advisor Jay Parsons on Southeast Growth Strategy DALLAS, Texas – August 7, 2025 – JPI is proud to announce our strategic expansion into the Southeast, led by Jake Fortune‑Greeley, Vice President of Development for the region. Jake will spearhead JPI’s growth efforts in Charlotte, Raleigh‑Durham, and Nashville, overseeing […]

A Message from Payton Mayes on the Floods Affecting Texas

JPI CEO Payton Mayes’ Statement on the Floods in Central Texas DALLAS, Texas – July 6, 2025 – In response to the recent tragedy affecting our Texas communities, JPI CEO Payton Mayes shared the following message: As a Texas-based company deeply rooted in the communities we serve, our hearts are heavy in the wake of the […]

JPI Breaks Ground on New Luxury Development in Fountain Valley

New mixed-use community will bring housing, dining, and retail to Orange County in 2028 FOUNTAIN VALLEY, Calif. – June 2, 2025 – JPI, a premier developer of multifamily communities, has officially broken ground on 10231 Slater Avenue, a 3.34-acre site in Fountain Valley, California. JPI, in partnership with Chicago based Heitman, will develop a 272-home, five-story, Class […]

JPI Breaks Ground on New 373-Home Community in The Colony, Texas

New community to bring 373 homes to The Colony, TX in 2027 THE COLONY, Texas – March 3, 2025 – JPI, a leader in Class A multifamily development, has officially broken ground on Jefferson Morningstar, a new 373-unit, four-story, garden-style multifamily community in The Colony, Texas. This project marks JPI’s first partnership with Nomura Real […]

JPI Welcomes Industry Leader Jay Parsons as Economic Advisor

DALLAS, TX – February 6, 2025 – JPI, a leading developer and builder of Class A multifamily housing, is thrilled to announce Jay Parsons as JPI’s Economic Advisor. Jay is a distinguished economist, advisor, and industry thought leader. Jay joins JPI in a part-time role, bringing his vast expertise and insight to further strengthen JPI’s position […]

JPI’S FORMER CHIEF VISIONARY OFFICER TO SERVE U.S. AS HUD SECRETARY

Statement from Payton Mayes, CEO, and Mollie Fadule, CFO/CIO, JPI “Scott Turner is more than a leader; he is a man of character, faith, and vision, and his confirmation as Secretary of Housing and Urban Development is a moment of great pride for all of us at JPI,” said Payton Mayes, CEO of JPI. “Scott’s […]

JPI Announces Land Closing for Prime Development in San Diego

This new community will bring needed housing to Sorrento Valley, California in 2028 SAN DIEGO, Calif. – January 27, 2025 – JPI, the nation’s premier developer of multifamily communities, is proud to announce the acquisition of 9444 Waples Street, a 3.65-acre site located in the heart of Sorrento Valley, in partnership with Liberty Bankers. This milestone […]

JPI and Pinnacle Partners Launch $200M Workforce Housing Fund

DALLAS, Texas and SEATTLE, Washington – December 18, 2025 – JPI, a leading developer and builder of Class A multifamily housing, and Pinnacle Partners, a real estate investment management firm, today launched a $200 million Workforce Housing Fund. The fund intends to include four multifamily development projects located in Texas, California, and Washington which are […]

JPI’s Chief Visionary Officer, Scott Turner, Named Secretary of Housing and Urban Development

DALLAS, TX – November 25, 2024 – JPI Companies, a leading developer and builder of Class A multifamily housing, is honored to share that Scott Turner, Chief Visionary Officer, has been nominated as the next Secretary of Housing and Urban Development (HUD).  This appointment underscores Scott’s dedicated leadership and transformative contributions to housing, community development, and economic […]

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