In October 2020, International Capital successfully raised$21.4 M equity for the development of a 424-unitClass A multifamily project. This Class A+ suburban community, called Jefferson at “The Grove” will be located in Frisco, TX, one of the fastest growing cities in the US and a suburb of Dallas/Ft. Worth.
The new gated apartment community is being developed by JPI, one of the most active and experienced multifamily developers in Texas and the US. Construction will begin in November 2020 with the first units set to deliver in Spring 2022.
This urban farmhouse-style community located inside the “The Grove” master-planned community will offer residents state-of-the-art community amenities, spacious and luxurious interiors, and access to The Grove’s 17 acres of open space, park and trail system. Covering 735 acres, The Grove will include over 3,000 single-family homes at total completion.
JPI is a national developer, builder, and investment manager of Class A multifamily assets across the U.S. and is the most active multifamily developer in Dallas-Fort Worth, with over 5,000 apartment homes under construction. Headquartered in Irving, Texas, JPI also has offices in California, Arizona, and New York. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI’s executive leadership team has an average of 25 years of comprehensive experience in multifamily developments – ranging from low-density garden apartments and mid- to high-density wrap and podium projects to student-living housing projects and mixed-use high-rise developments.
The firm offers investment management, predevelopment, underwriting, marketing, and asset management services as well as construction, financial and administrative services.