Wednesday, December 8, 2021
52.1 F
Fort Worth

JPI marks ninth asset transfer to Lone Star Funds with sale of Jefferson Woodlands

🕐 2 min read

JPI has announced the sale of Jefferson Woodlands, a 364-home, 15-acre multifamily community located in Garland to an affiliate of Lone Star Funds, marking JPI’s ninth individual asset sold to the private equity firm in the past 12 months. In August and October of 2020, JPI and Lone Star closed two separate bulk transactions that encompassed eight multifamily communities and more than 3,000 apartment homes.

Jefferson Woodlands, 4501 N. Garland Ave., is JPI’s first development in Garland, a growing North Dallas suburb made up of more than 238,000 residents.

“Standard to all JPI properties, Jefferson Woodlands is backed by our extensive sub-market research, which identified the City of Garland and this neighborhood as one of North Texas’ most desirous places to live, work and play,” said JPI Senior Vice President and Regional Development Partner Blake Taylor. “JPI is humbled by Lone Star’s continued confidence in our methods, and we’re committed to maintaining our best practices and methods for years to come.”

“JPI has proven itself to be an industry leader in developing expertly designed and built apartment communities, and we continue to be impressed by their dedication to excellence, even in a year as tumultuous as 2020,” said Bob Ricci, Senior Managing Director at Lone Star. “Jefferson Woodlands is the ninth JPI community acquired by an affiliate of Lone Star, which we see as a testament to our strong partnership and the brighter days ahead.”

The community began leasing in 2019 and has proximity to major employment hubs in both Garland and Richardson, including Richardson’s Telecom Corridor, the Texas Instruments campus, State Farm Insurance and more.

Related Articles


Our Digital Sponsors

Latest Articles

Fort Worth Business Press Logo
This advertisement will close in
Click here to continue to Fort Worth Business Press

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate