JPI

JPI

Develops and constructs multifamily housing

About JPI

Simplify's Rating
Why JPI is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Real Estate

Company Size

201-500

Company Stage

Acquired

Total Funding

$215M

Headquarters

Irving, Texas

Founded

1989

Overview

JPI focuses on the development and construction of high-quality multifamily housing. Their projects are designed to create vibrant communities and improve the quality of life for residents. JPI's approach includes sustainable development practices and forming strategic partnerships to enhance the living experience in the neighborhoods they serve. What sets JPI apart from its competitors is its extensive experience and successful track record, having developed over 380 projects and more than 117,000 homes across the U.S. since 1989. The company's goal is to transform building practices and positively impact communities nationwide.

Simplify Jobs

Simplify's Take

What believers are saying

  • JPI's projects align with urbanization trends in Texas and California, boosting housing demand.
  • The partnership with Nomura could facilitate JPI's expansion into the Asian market.
  • CEO Payton Mayes' leadership has driven JPI's recognition as a top multifamily developer.

What critics are saying

  • Sumitomo's acquisition may shift JPI's strategic priorities, affecting ongoing projects.
  • Cross-cultural management with Nomura poses risks to project timelines and quality.
  • Rapid expansion in new markets may strain JPI's resources, risking project delays.

What makes JPI unique

  • JPI's partnership with Nomura marks its first collaboration with a Japanese real estate firm.
  • Sumitomo Forestry's acquisition provides JPI access to sustainable wooden housing expertise.
  • JPI's developments feature popular amenities like virtual exercise classes, enhancing resident experience.

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Funding

Total Funding

$215M

Above

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

401(k) Company Match

Unlimited Paid Time Off

Paid Holidays

Paid Parental Leave

Health Savings Account

Flexible Spending Accounts

Phone Reimbursement

Competitive Bonus Program

Paid Volunteer Time

Tuition Assistance

Associate Referral Bonuses

Company News

YieldPro
Mar 5th, 2025
JPI Breaks Ground on New 373-Home Community Jefferson Morningstar in the DFW MSA

This project marks JPI's first partnership with Nomura Real Estate Development Co., Ltd., and is a significant milestone in the development of this rapidly growing area.

Global Construction Review
Oct 12th, 2023
Japan’s Sumitomo Forestry to buy US’ JPI for $215m - Global Construction Review

Japanese wooden housing and materials company Sumitomo Forestry has spent $215m to acquire a majority stake in US housebuilder JPI.

PR Newswire
Aug 24th, 2023
Jpi Begins Vertical Construction On The Exchange At Riverside

The new community is expected to bring 482 homes to Riverside, California in late 2024RIVERSIDE, Calif., Aug. 24, 2023 /PRNewswire/ -- JPI, a leader in the development of Class A multi-family communities, announced today that vertical construction has begun on The Exchange at Riverside which will bring 482 homes to Riverside, California. The milestone was celebrated this morning at a Golden Hammer ceremony on the jobsite. Golden Hammer Ceremony on August 24, 2023 celebrating vertical construction beginning on The Exchange at Riverside which will bring 482 homes to Riverside, California. The Exchange at Riverside which will bring 482 homes to Riverside, California

PR Newswire
Jul 25th, 2023
Jpi Breaks Ground On 450 Class A Multifamily Homes In Grand Prairie

Jefferson Loyd Park will be made up of eight 3-store walkup buildings near Joe Pool Lake on State Highway 360GRAND PRAIRIE, Texas, July 25, 2023 /PRNewswire/ -- JPI, a leader in the development of best-in-class multifamily communities, has broken ground on the first phase of Jefferson Loyd Park, a Class A development that will bring 450 multifamily homes to Grand Prairie. Jefferson Loyd Park will be made up of eight 3-story walkup buildings, will span over 25 acres, and will feature urban-style architecture. Residents will enjoy top-of-the-line community amenities such as a resort-style pool with cabanas, a fitness center equipped with virtual exercise class offerings, and convenient access to Loyd Park and Joe Pool Lake. The new community, made up of eight 3-story walkup buildings, will span over 25 acres and will feature urban-style architecture. Residents will enjoy top-of-the-line community amenities such as a resort-style pool with cabanas, a fitness center equipped with virtual exercise class offerings, and convenient access to Loyd Park and Joe Pool Lake."This is a really exciting project for us," said Blake Taylor, Senior Vice President and Regional Development Partner for JPI. "Not only are we able to bring a substantial number of homes to a growing area, but in such a unique location

PR Newswire
Jun 20th, 2023
Payton Mayes Celebrated As A Most Admired Ceo By Dallas Business Journal

Mayes honored at event on June 15 for his excellence in leadership and community influenceIRVING, Texas, June 20, 2023 /PRNewswire/ -- JPI's Chief Executive Officer, Payton Mayes, has been recognized as a 2023 Most Admired CEO Award winner by the Dallas Business Journal (DBJ) for his outstanding performance in guiding a company to success and contributing to the overall growth of the North Texas business community.JPI’s Chief Executive Officer, Payton Mayes, has been recognized as a 2023 Most Admired CEO Award winner by the Dallas Business Journal (DBJ) for his outstanding performance in guiding a company to success and contributing to the overall growth of the North Texas business community.Payton exemplifies an admired CEO through his hungry, humble, and people-first approach to business. "It's an honor to be recognized alongside so many outstanding leaders in our community," commented Payton Mayes, CEO of JPI. "At JPI, we continue to be laser-focused on best-in-class people, technology, and processes that help us be recognized as one of the leaders in the market. I'm humbled to have the opportunity to lead this organization that has an amazing legacy and look forward to all that is to come."The Most Admired CEO Awards honor the executives who inspire those around them, hold their employees, products, and services in the highest regard, run their companies with integrity, and are shining examples of how all companies should be run and managed. Honorees were celebrated at a special awards dinner on June 15 and will be featured in a special publication in print and online by the DBJ.Mayes joined JPI as the Central region's managing partner in 2019, bringing more than 20 years of experience originating and managing real estate as well as operating company investments. He was promoted to chief executive officer in 2021 and has played a crucial role in expanding JPI's market rate portfolio as well as expanding into the affordable housing market, helping to meet the growing and diverse housing needs in DFW and Southern California.Every year that Payton has served as JPI's CEO, the company has been awarded DBJ's Top Multifamily Developer and has been named by Real Page as Dallas-Fort Worth's Most Active Developer

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