JPI, Madera Residential, and WayMaker Announce Five-Deal Joint Venture – QNT Press Release


The three companies will partner to provide 1,750+ class A multifamily homes to residents across the booming DFW metroplex

Today, JPI announced a joint venture with Madera Residential and WayMaker on five new developments across the DFW Metroplex. These five assets will provide over 1,750 class A multifamily homes to residents and help serve the growing need for housing in the thriving DFW metroplex. When completed , the joint venture portfolio will include nine communities in total. The first five communities, Jefferson Railhead, Jefferson Grandscape, Jefferson Cedar Ridge, Jefferson Northlake, and Jefferson Peninsula, are the first to start construction in an agreement between the parties. By the end of 2022, the parties expect to start another four communities together for a total of nine communities, representing over 3,300 homes, and valued at over $1 Billion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220825005502/en/

Jefferson Railhead (Photo: Business Wire)

“We are grateful for the confidence and trust that these top-tier organizations have invested in JPI’s product,” said Payton Mayes, JPI’s Chief Executive Officer. “The alignment of our core values ​​and our business models leave us excited to work alongside their talented teams and hopeful for future opportunities to work together.”

“Our team has…

Full story available on Benzinga.com



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