New 272-unit, mixed-use community to open in June 2028 LONG BEACH, Calif (Jan. 28, 2026) – JPI, a leader in Class A multifamily development, has broken ground on Portico, a 272-unit, mixed-use development in Long Beach, Calif. Today, the company hosted a groundbreaking ceremony to celebrate the $150 million project, commencing the first phase of […]
Financing from Anchor Loans supports development of Jefferson Southwest Parkway Grand Prairie, Texas (Jan. 15, 2026) – JPI, a leader in Class A multifamily development, in partnership with Anchor Loans, a Pretium majority-owned portfolio company, has closed on construction financing for Jefferson Southwest Parkway, a planned $114 million Class A garden-style apartment community located at 4700 Lake Ridge Parkway in Grand Prairie, Texas. Slated […]
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 […]
Development’s third phase to add 377 units in 2026g 903 Luxury Apartments FRISCO, Texas – October 28, 2025 – JPI, a leader in Class A multifamily development, has completed the first two phases of a new multifamily development at Frisco Railhead, a $3 billion mixed-use development project in downtown Frisco. Master developed by Heady Investments […]
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 […]
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 […]
