Category Archives: Press Releases

JPI WESTERN REGION PARTNERS WITH GRAND CHINA FUND IN ANAHEIM’S PLATINUM TRIANGLE

Anaheim, CA (September 27, 2016) – JPI, a leader in the development of Class A multi-family housing, announced today that it has partnered with Grand China Fund, a Beijing-based private equity real estate fund, in a $255 million Joint Venture to develop 747 luxury apartment homes and a to-be-dedicated 1.1-acre City park within the Jefferson Stadium Park 17.6-acre master-planned development in Anaheim’s Platinum Triangle. Jefferson Stadium Park is a prime location within the prestigious Platinum Triangle, directly adjacent to the Los Angeles Angels of Anaheim Ballpark, on the southwest corner of State College Boulevard and Gene Autry Way.

“We are pleased that Jefferson Stadium Park has attracted the attention of the international capital markets and are very excited about our new relationship with Grand China Fund,” said Gus Villalba, JPI Executive Vice President and Managing Regional Partner. “It gives us great confidence that we are building a portfolio of development projects that are resulting in the creation of investment partnerships from broader markets,” he said.

This is the second project for JPI in Anaheim’s Platinum Triangle. Currently under construction is the $180 million Jefferson Platinum Triangle, a 400-unit luxury apartment community located near the intersection of State College Boulevard and Katella Avenue, scheduled for occupancy in late November 2016.

“We are very encouraged to hear that JPI’s Jefferson Stadium Park development has attracted the attention of global investors,” said Anaheim Mayor Tom Tait. “Anaheim’s Platinum Triangle development projects, including JPI’s planned investment in the neighborhood of approximately $500 million, represent the vision our city has had for Platinum Triangle,” said Mayor Tait.

Residents of both Jefferson Platinum Triangle and Jefferson Stadium Park will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC), as well as year-round entertainment, including Major League Baseball’s Los Angeles Angels of Anaheim, and the National Hockey League’s Anaheim Ducks. Both communities are just two miles from the Downtown Disney Shopping District, Disneyland and California Adventure theme parks. Also nearby is the public marketplace of the Anaheim Packing District.

JPI’s Western Region is based in San Diego and has developed and/or acquired 41 luxury apartment communities throughout California and Arizona totaling over 13,400 homes at an investment of over $2 billion. Recent Arizona activity includes developing 4 luxury apartment communities in metro Phoenix valued at over $300 million. Jefferson Stadium Park will mark JPI as the largest luxury apartment developer in the area, as it continues to eagerly seek out more development sites in the Southern California market.

Grand China Fund offers a safe global real estate investment platform, with a successful and consistent performance history and attractive return on investments through vigorous risk-control systems. “Grand China Fund seeks out partnerships with such leading real estate developers as JPI. JPI’s Jefferson Stadium Park is a model for the type of developments we target to include in our expanding portfolio,” said David Long, CEO of Grand China Fund. “This investment in Anaheim’s Platinum Triangle, and Jefferson Stadium Park, fits well within Grand China Fund’s investment parameters, and represents one of our latest commitments to developing quality multifamily assets in the US.”

About JPI

JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets, headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major US 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, mid-to-high density wrap and podium projects, student living housing projects and mixed-use high rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services, as well as construction, financial and administrative services. JPI’s goal is to be recognized by its Associates, Residents and Investors as the #1 residential company in the markets it serves. To learn more about JPI, please visit: www.JPI.com

About Grand China Fund

Grand China Fund is a Beijing based real estate private equity fund with approximately $1.5 billion in assets under management. The fund is dedicated to partner with leading operators and developers in commercial real estate investments in the US. The fund currently owns a portfolio of real estate assets across the country, including Seattle, Los Angles, Dallas, Houston, Austin, Orlando and New York City. The fund is recognized as a pioneer in overseas real estate investments in China, and has been creating diversified alternative portfolios and delivering outstanding performance for investors, both institutions and private clients, since its inception in 2012.

Never Been Hotter: Rents and new rental communities rising in N. Texas.

FRISCO — This summer, we have been exploring the extraordinary things happening in North Texas real estate. But the “hottest market ever” doesn’t just apply to owning.

Rents — and new rental developments — are rising fast, too.

We visited a 400+ unit project being erected in Frisco called Jefferson Stonebriar. Models feature more natural light and an unusually airy feeling for an apartment.

“Today, we have 10-, 12-, 14-foot ceilings,” said Brad Taylor, the regional managing partner at JPI. And he says JPI is working on a project that includes apartments with even higher ceilings.

In addition, they are increasingly using premium finishes.

“These are all custom home features: Mosaic glass cut backsplash. These are quartz countertops, similar to what you would find in a custom home. Stainless steel appliance package,” Taylor said.

brad-taylor
Brad Taylor   (Photo: WFAA)

New apartments sure don’t look like they used to. But they don’t cost like they used to, either.

Taylor acknowledges that the new level of amenities fetches a new level of rent. Many of the apartment units under construction in DFW are considered ‘luxury’ developments. Because of that, Taylor says the lower priced ‘starter’ apartment is generally a developmental generation or two old.

The market is changing a lot. JPI is the largest apartment builder in North Texas right now, and that’s saying something, because North Texas is a standout in apartment construction.

“It is the number-one building center in the U.S.,” said Greg Willet, chief economist for RealPage. He told us there are currently nearly 50,000 apartment units under construction here, which is a staggering figure.

“That’s is about one-in-ten of every apartment on the way across the country,” Willet said.

He attributes most of the growth to workers moving here for jobs, “And newcomers do tend to rent before they buy.”

Even those who would rather buy are finding it’s not cheap.

“If you want to be in Frisco today, it is very difficult to find a home under $400,000,” Taylor said.

Because of that, Taylor says there is minimal pushback from consumers on rising rents.

“Rent growth is the highest it has ever been; above the six-percent mark,” Willet said.

Data from Axiometrics shows rents have steadily climbed in recent years to record levels in North Texas:

                              Dallas-Plano-Irving                          Fort Worth-Arlington

July 2010                            $827                                                   $751

July 2011                            $894                                                   $799

July 2012                            $934                                                   $827

July 2013                            $973                                                   $858

July 2014                            $1,015                                                $900

July 2015                            $1,078                                                $963

July 2016                            $1,134                                                $1,020

Part of the reason for the soaring rates is that only about four percent of North Texas’ 750,000 apartments are vacant. That’s why JPI, which is currently constructing about 2,000 units, plans to start about 2,000 more by the end of the year.

And still, they say they’re not building fast enough to keep up with demand from those who are ready to move in. So they’re having to get creative to show prospective residents what they will be getting.

News 8’s Jason Wheeler tours a finished apartment in virtual reality.   

Prospective tenants who can’t go into active construction sites can now put on a pair of virtual reality goggles and see a development in all its splendor, even though, in reality, it’s still weeks and perhaps even months from completion.

Speaking of looking into the future, builders and analysts alike expect the blistering pace of apartment construction to cool off by the end of next year, but still stay above historic averages. And with so many new units coming online, they expect rent hikes will cool off some, as well — but also stay above historic averages.

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JEFFERSON STADIUM PARK DEVELOPMENT APPROVED

Anaheim City Council votes unanimously on 17.6-acre master-planned community

Anaheim, CA (June 27, 2016) – JPI, a leader in the development of Class A multi-family housing, received unanimous approval from Anaheim’s Mayor and City Council for Jefferson Stadium Park, a 17.6-acre prime real estate site located in the prestigious Platinum Triangle in Anaheim, California – directly adjacent to Angel Stadium of Anaheim, on the southwest corner of State College Boulevard and Gene Autry Way.

A $364 million development, scheduled to break ground in December 2016, Jefferson Stadium Park is a 1079-unit luxury apartment community, which includes a 1.1-acre public park, and 14,600 sf of community-oriented retail space.

“Jefferson Stadium Park is representative of the ideals of Anaheim’s Platinum Triangle, embodying the highest level of architectural features centered around an environment that encourages community engagement and activation of key boulevards in the Triangle”, said Anaheim Mayor Tom Tait.

Residents of Jefferson Stadium Park will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC), as well as year-round entertainment, including Major League Baseball’s Los Angeles Angels of Anaheim, and the National Hockey League’s Anaheim Ducks. The development is just one mile away from the Downtown Disney Shopping District, Disneyland and California Adventure theme parks. Also nearby is the public marketplace of the Anaheim Packing District.

This is the second project for JPI in Anaheim’s Platinum Triangle. Currently under construction is the $120 million Jefferson Platinum Triangle, a 400-unit luxury apartment community located near the intersection of State College Blvd., and Katella Avenue, scheduled for occupancy in Fall of 2017.

“Jefferson Stadium Park represents an additional $364 million investment that JPI has committed to Anaheim”, said Heidi Mather, Senior Vice President and Development Partner. “Anaheim’s Platinum Triangle is a model for development efforts that encourage new projects, enhancing quality living experiences for the community. This new project only strengthens our commitment to be a part of the revitalization of this core area of Anaheim.”

JPI’s Western Regional Division is based in San Diego, and has developed 15 luxury apartment communities throughout California totaling over 5,800 units. Additionally, the western division just announced the closing of two development projects in Arizona: Jefferson Town Lake – a $57 million project which broke ground earlier this month; and Jefferson Chandler, a $50 million project anticipated to close in July, and scheduled to break ground later this summer.

“JPI’s foundation is its commitment to building world-class apartment homes that contribute to the fabric and economy of local communities”, said Todd Bowden, Managing Development Partner of JPI’s Western Region. “Southern California, in particular, is a key market focus for JPI. Our development work with the City of Anaheim has been an exceptional experience.”

Project Renderings:

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About JPI
JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets, headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major US 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, mid to high density wrap and podium projects, student living housing projects and mixed-use high rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.JPI.com.

JPI BEGINS PLANS TO CONSTRUCT SECOND PROJECT IN ANAHEIM

Closes on purchase of 17.6 acres adjacent to Anaheim Angel Stadium

Irving, Texas (January 22, 2016) –JPI, a leader in the development of Class A multi-family housing, has closed on the purchase of 17.6 acres of prime real estate located in the prestigious Platinum Triangle in Anaheim, California. JPI is working with the City of Anaheim to entitle a three-phase, 1079-unit, mixed-use luxury apartment community (Jefferson Stadium Park) directly across the street from Angel Stadium of Anaheim on the southwest corner of State College Boulevard and Gene Autry Way.

JPI is currently constructing Jefferson Platinum Triangle – a 400 unit luxury apartment community, scheduled to open next year, less than a mile from the proposed Jefferson Stadium Park.

“JPI values its partnerships with cities across the nation in developing housing communities that contribute to the fabric of local economies. The city of Anaheim’s Platinum Triangle is a prime example of government getting it right, in so many ways. JPI made a commitment to invest in the community several years ago,” said Heidi W. Mather, JPI Western Region Senior Vice President. “The Jefferson Stadium Park development only strengthens our commitment to become a partner in the revitalization of this core area of Anaheim.”

Residents of  the proposed Jefferson Stadium Park will have access to Anaheim’s Regional Transportation Intermodal Center (ARTIC), and Anaheim Rapid Connect (ARC) – a proposed streetcar system that would provide service over a 3.2 mile corridor (approximately 6.4 miles of track), connecting residents, workers, and visitors to ARTIC and other points of interest in Anaheim.

Jefferson Stadium Park, an approximate $364 million project, is scheduled to break ground at the end of 2016, with initial occupancy scheduled for 2018.

JPI’s proposed Jefferson Stadium Park includes a 1.1-acre public park, and resort-style amenities. “JPI has a long history of building living experiences that contribute to the quality of life for families throughout the country. Anaheim’s Platinum Triangle is creating new commerce and new employment hubs. Building luxury apartment homes within these new economies is a key focus for JPI”, said Mather.

Jefferson Platinum Triangle is centrally located within the City of Anaheim’s prestigious Platinum Triangle District – an 840-acre transit-oriented urban development, guided by the Platinum Triangle Master Land Use Plan which is bringing high-density, mixed-use, office, restaurant and residential projects to the heart of Orange County.

About JPI
JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets, headquartered in Texas, with offices in California, Arizona and New York. With a 30-year history of successful developments throughout major US markets and an unparalled 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, mid to high density wrap and podium projects, student living housing projects and mixed-use high rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI, please visit www.JPI.com.

Developer JPI/TDI to Construct Jefferson Platinum Triangle in Anaheim

Closes on the Purchase of a 7.64 acre Development Site, Construction to begin January 2015

Irving, Texas (January 8, 2015) – The San Diego office of JPI/TDI Companies, a leader in the development of Class A multi-family housing, has closed on the purchase of 7.64 net acres of prime real estate located in the prestigious Platinum Triangle in Anaheim, California with plans to build a $119 million luxury residential development. The 400-unit residential community, Jefferson Platinum Triangle, will be located near the intersection of East Katella Ave. and South State College Blvd. Construction will begin in January 2015.

“We are excited to bring this highly amenitized community to the Platinum Triangle.” said Heidi W. Mather, JPI Western Region Senior Vice President. “The community will offer unparalleled amenities to its residents.” The property will include luxurious clubrooms, resort-style saltwater pools with spas, outdoor kitchens and seating areas, multiple grilling stations, fitness gyms, exercise / yoga studio, screening/media room, wine bar/lounge with refrigerated beverage storage, and a dog park. The property is located adjacent to a community park which has a jogging trail.

Jefferson Platinum Triangle’s capitalization includes preferred equity provided by Parse Capital and a construction loan provided by Fifth Third Bank. “The acquisition of Jefferson Platinum Triangle marks our second transaction with Parse Capital and our second construction loan with Fifth Third Bank,” said Gus Villalba, JPI Western Region Executive Vice President and Managing Partner. “The key to JPI’s long-term success has been our ability to source great development sites with strong multi-family demand fundamentals to generate great returns for our preferred capital partners. Our objective is to be recognized by our customers as the #1 residential company in the markets we serve. We look forward to growing our relationship with Parse Capital and Fifth Third Bank while executing on the development and construction of Jefferson Platinum Triangle.”

Jefferson Platinum Triangle is centrally located within the City of Anaheim’s prestigious Platinum Triangle District, an 840-acre transit-oriented urban development, guided by the Platinum Triangle Master Land Use Plan bringing high density, mixed-use, office, restaurant, and residential projects to the heart of Orange County.

Jefferson Platinum Triangle is located near the brand new $184 million ARTIC Amtrak Station and planned 6.4 mile long Anaheim Rapid Connection (“ARC”) guided streetcar system anticipated to be operational by 2018. ARC plans currently reflect a streetcar stop almost adjacent to Jefferson Platinum Triangle’s front door on Katella Avenue approximately 1.5 miles West of the ARTIC station and 1.5 miles East of the Disney Resort and Anaheim Convention Center.

About JPI/TDI

JPI is a national developer, builder and investment manager of Class A multifamily assets in select US markets headquartered in Texas with offices in Arizona, New York and California. With a 30-year history of successful developments throughout the major US 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, mid to high density wrap and podium projects, student living housing projects and mixed use high rise developments. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI/TDI, please visit www.jpi.com.

About Parse Capital

Parse Capital is a commercial real estate finance company focused on providing capital to developers and financial sponsors for the acquisition, recapitalization and development of multifamily apartment communities in well located, growth markets throughout the United States. Founded by real estate and capital markets professionals with significant expertise developing tailored financial solutions, Parse has a committed, long-term capital base to finance multifamily transactions behind all types of senior lenders, including GSEs, commercial banks, insurance companies and conduits. With offices located in Arizona and California, the firm is well positioned to pursue opportunities throughout the continental United States. To learn more about Parse Capital, please visit www.parsecap.com or contact Nick Killebrew at (858) 472-2720 or killebrew@parsecap.com.

Media contacts:

David Margulies/Katherine Quintero
The Margulies Communications Group
(214) 368-0909

Source: JPI/TDI

Developer JPI/TDI Begins Construction of Jefferson Heights Luxury Multi-Family Project in Houston, Texas

Irving, Texas (June 23, 2014) – JPI/TDI companies a leader in the development of Class A multi-family housing, has begun construction on a 198-unit luxury multi-family community in Houston, Texas, within the Heights submarket along the vibrant Washington Corridor. The community is called Jefferson Heights and is located at 1520 N. Memorial Way. Construction is expected to be completed in Fall 2016.

“This is a high profile location and the ideal setting for this project,” said Blake Ingram, Vice President and Investment Manager. “We will offer the market a superior product with unprecedented views of the city and unparalleled connectivity to several major Houston employment centers. Jefferson Heights will be an ideal home for both young and seasoned professionals.”

Jefferson Heights is being developed on 1.47 acres adjacent to downtown Houston. Apartment homes will offer one and two bedroom floor plans ranging from 607 to 1,253 square feet. Units will feature granite counter-tops, stainless steel appliances, nine foot ceilings, large closets, garden tubs, separate showers, as well as washers & dryers.

The community will offer amenities including, downtown views, a resort-style pool overlooking downtown, three courtyards, fire pits, outdoor kitchen and grill area, Wi-Fi in common areas, coffee bar and a state-of-the-art fitness center. The community is less than 1 mile from the theater district and less than 3 miles to Houston’s world renowned museum district.

Jefferson Heights will provide convenient access to major employment centers in or near Houston via Highway 45, Interstate 10, Highway 610 and direct access to Memorial Avenue. A wide assortment of retail, dining and entertainment venues are located within minutes of the property. The community will also feature convenient access to the Buffalo Bayou hike & bike trails and park.

Construction loan was provided by Texas Capital Bank, the remaining capitalization was arranged by JLL (Jones Lang LaSalle L.P) in the form of a mezzanine loan which was provided by Parse Capital and equity financing from a well-established institutional equity provider.

About JPI/TDI
JPI/TDI (www.jpi.com) currently has 3,097 units under construction in Texas, New York and Arizona and has asset management responsibilities over 6,400 units nationwide. In addition, JPI/TDI has plans to develop an additional 1,300 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI/TDI, please visit www.jpi.com.

Media contacts:
David Margulies/Katherine Quintero
The Margulies Communications Group
(214) 368-0909

Source: JPI/TDI

Photos available

TDI Completes Construction of Jefferson Creekside Luxury Apartments

Residential Units are open and available

Irving, Texas (June 11, 2014) – TDI, a member of the JPI/TDI Group and leader in the development of Class A multi-family housing, has completed construction on Jefferson Creekside Apartments, the 444-unit luxury multi-family community located in the Allen market north of Dallas, Texas near the intersection of Custer Rd. and Highway 121.

“The Allen submarket has grown tremendously over the years,” said Matt Brendel, TDI Vice President and Area Partner. “This community offers high-end amenities in an ideal location. We are already more than 60 percent leased.”

Jefferson Creekside offers one, two or three bedroom floor plans ranging from 650 to more than 1,400 square feet. Units feature granite counter-tops, designer appliances, garages and full-size washers and dryers.

The community offers a 12,000 square feet amenities center including a resort-style pool with a tanning bed and cabanas, business center, conference room, Wi-Fi hotspots, an open air cinema, outdoor kitchen with lounge area and TV, coffee bar and a state-of-the-art fitness center. Jefferson Creekside also has direct access to a 40-mile hike and bike trail along West Rowlett Creek.

Jefferson Creekside provides convenient access to major employment centers in or around Legacy, Granite and Hall office parks. A wide assortment of retail, dining and entertainment venues are located within minutes of the property.

The construction loan was provided by Texas Capital Bank. Behringer Harvard Multifamily REIT I, Inc. is the mezzanine lender, and Catlyn Capital provided the equity.

TDI has completed 50 communities in the DFW area and has three additional projects currently under construction; Jefferson Center (Richardson), Jefferson Las Colinas and 1210 South Lamar. TDI offers investment management, predevelopment, underwriting, marketing, asset management, construction, financial and administrative services.

About JPI/TDI
JPI/TDI (www.jpi.com) currently has 2,978 units under construction in Texas, New York and Arizona and has asset management responsibilities over 6,400 units nationwide. In addition, JPI/TDI has plans to develop an additional 1,300 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan. The firm offers investment management, predevelopment, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about JPI/TDI, please visit www.jpi.com.

Media contacts:
David Margulies/Katherine Quintero
The Margulies Communications Group
(214) 368-0909

Source: JPI/TDI
Photos available

TDI Announces Joint Venture with Matthews Southwest

New project coming to South Lamar

Irving, Texas (May 28, 2014) — TDI, a leader in the development of Class A multi-family housing, has begun construction in a joint venture with Matthews Southwest, a Dallas based international development company. The development at 1210 South Lamar will house 290 luxury apartment homes in the South Side neighborhood and is scheduled for completion by the beginning of 2016.

The site is located at the intersection of South Lamar and Powhattan Street, in close proximity to South Side on Lamar, NYLO Dallas South Side, The Beat Lofts, Gilley’s Dallas, South Side Ballroom and the Belleview apartments. There are numerous restaurants within walking distance including Full Circle Tavern, The Cedars Social and Opening Bell. Residents can also walk to the DART light rail at Cedars Station connecting them to entertainment and business venues such as the Dallas Convention Center, American Airlines Center, Victory Park and Mockingbird Station.

“The commitment of Matthews Southwest and TDI to develop additional creative and quality residential projects for the urban core of our city is a real gift,” Mayor Mike Rawlings said. “The team is giving us great examples of how to continue to develop The Cedars neighborhood and offer various housing options for citizens who want to live near downtown. This project represents another GrowSouth moment worth celebrating.”

“We are looking forward to working with Jack Matthews,” said Matt Brendel, Vice President and Development Partner for the Central Region at TDI. “He has been a great partner and the project wouldn’t have moved forward without his leadership. We also want to thank both the city and county officials for their support.”

The development will include one and two bedrooms, and live/work residences and efficiencies, with an eclectic blend of contemporary, industrial and traditional façade designs in a four story midrise building. Balconies or patios are provided for all types of residences. High ceilings are featured in all of the residences as well as kitchen islands, stainless steel appliances and full sized washers and dryers.

“We are especially excited about the live/work residences,” said Brendel. “They will be located along South Lamar Street and are intended for artists or small service business that can benefit from the pedestrian traffic along South Lamar.”

“This is going to be a great addition to the South Side neighborhood,” said Jack Matthews, President of Matthews Southwest. “We are looking forward to our continued work with TDI and are excited about expanding the retail/entertainment on South Lamar.”

The property is planned to have two private courtyards, one with a pool and direct access to the property’s clubhouse. The second will feature a park like setting with benches and an outdoor movie theater. The property will also have a rooftop deck with views of the Dallas skyline, a trail connecting to DART and access to The South Side Bark Park.

Financing was provided by American Bank of Texas and the Dallas Police & Fire Pension System.

TDI/JPI has completed 50 communities in the DFW area and has three additional projects currently under construction; Jefferson Creekside (Allen), Jefferson Center (Richardson) and Jefferson Las Colinas. TDI offers investment management, predevelopment, underwriting, marketing, asset management, construction, financial and administrative services.

About TDI/JPI
TDI (www.tdire.com) currently has 2,873 units under construction in Texas, New York and Arizona and has asset management responsibilities over 5,800 units nationwide. In addition, TDI has plans to develop an additional 1,700 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. To learn more about TDI, please visit www.tdire.com.

About Matthews Southwest
Based in Lewisville, Texas, Matthews Southwest was founded in 1988 as a full-service development company by Jack Matthews. The company has completed projects across a broad spectrum including residential, corporate office, institutional and industrial, in both Canada and the United States. In addition to the company’s extensive development of Dallas’ South Side area, Matthew’s Southwest’s most recent projects include the Omni Dallas Convention Center Hotel and The BOW, a 58-story mixed use development in Calgary. To learn more about Matthews Southwest, visit www.matthewssouthwest.com

Source: TDI Real Estate

Media Contact:
Margulies Communications
214-368-0909

TDI Begins Construction on Second Upscale Multi-Family Project in Scottsdale, Arizona

TDI Real Estate Brings Impressive Amenities and Architecture to the Highly Coveted One Scottsdale 80-Acre Mixed Use Development

Irving, Texas (January 16, 2014) – TDI Real Estate Holdings LLC, a leader in the development of Class A multi-family housing, has begun construction on the second phase of a project that will bring up to 750 units of luxury housing to Scottsdale, Arizona. Construction of Jefferson on Legacy is presently underway on 322 units scheduled for completion in 2015.

The site is located within the One Scottsdale master-planned development located at the northeast corner of the 101 Freeway and Scottsdale Road in the heart of the growing north Scottsdale corporate corridor. The 80-acre mixed-use property is planned for specialty retail, dining, Class A office and hotel uses, along with a variety of luxury residential choices. The corporate component is anchored by the Dial/Henkel North American Headquarters. The retail mixed-use component is owned by DMB Associates, Inc. in partnership with national retail developer Macerich. Michael Burke, Vice President of DMB Commercial said, “TDI’s Jefferson community at One Scottsdale has been a great complement to the vision for this community. One Scottsdale’s unique location and proximity to employment and entertainment make it a highly desirable destination. We are looking forward to another phase of this luxury multifamily community.”

“We will be offering the market another superior product with unprecedented amenities and an ideal location near employment centers and adjacent to the Grayhawk luxury golf course,” said Gus Villalba, TDI Executive Vice President and Investment Partner. “Jefferson on Legacy will be the premier luxury multi-family project in north Scottsdale to meet a growing demand for upscale housing in this submarket, which is a major employment center for the region.”

Jefferson on Legacy will consist of 150 one bedroom/one bath apartments, 151 two bedroom/two bath apartments and 21 three bedroom/three bath apartment homes. Residents will be able to enjoy a 10,400 square foot clubhouse including: a lounge with arcade games, media room, gourmet kitchen and fitness center with spin bikes, resort size swimming area with spa and Wi-Fi access in all common areas. The site includes 242 garage spaces, 134 carport spaces, and open parking to satisfy all parking needs. The entire complex will be access controlled.

Financing was arranged by JLL (Jones Lang LaSalle L.P.) with a construction loan through Fifth Third Bank and equity financing from a well-established Institutional Equity Provider.

TDI (www.jpi.com) currently has 2,608 units under construction in Texas, New York and Arizona and has asset management responsibilities over 5,294 units nationwide. In addition, TDI has plans to develop an additional 1,200 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services.

TDI Opens Clubhouse and First Units on Upscale Multi-Family Project in Scottsdale, Arizona

Irving, Texas (November 4, 2013) – TDI Real Estate Holdings LLC, a leader in the development of Class A multi-family housing, has opened the clubhouse and first units for occupancy on a project that will bring 388 luxury apartment units to north Scottsdale, Arizona.

The site is located within the One Scottsdale master-planned development located at the northeast corner of the 101 Freeway and Scottsdale Road in the heart of the growing north Scottsdale corporate corridor. The 80-acre mixed-use property combines specialty retail, dining, Class A office and hotel uses, along with a variety of luxury residential choices. The corporate component is anchored by Dial/Henkel North American Headquarters and the retail mixed-use component is owned by DMB Associates, Inc. in partnership with national retail developer Macerich. This highly coveted location ensures that visitors and residents have direct access to freeways, major airports and employment cores.

“We are offering the market a superior product with unprecedented amenities and an ideal location near employment centers and adjacent to the Grayhawk luxury golf course,” said Gus Villalba, TDI Executive Vice President and Investment Partner. “Jefferson at One Scottsdale is a premier luxury multi-family project in north Scottsdale developed to meet a growing demand for upscale housing in this submarket, which is a major employment center for the region.”

The community consists of one, two and three bedroom apartment units. Residents can enjoy a 10,800 square foot clubhouse, lounge, media room, two resort size swimming areas with spas, 294 garage spaces, 182 carport spaces, 9-foot ceilings, outdoor storage units and Wi-Fi access in all common areas. The entire complex is access controlled.

Financing was arranged by HFF (Holiday Fenoglio Fowler, L.P.) and HFFS Securities L.P. with a construction loan through Texas Capital Bank (www.texascapitalbank.com) and The PrivateBank (www.ThePrivateBank.com) and mezzanine financing from Behringer Harvard. (www.behringerharvard.com).

For more information at Jefferson One at Scottsdale visit the website at http://jeffersonatonescottsdale.com/ or click here to view the ebrochure.

About TDI Real Estate

TDI currently has over 2,100 units under construction in Texas and Arizona and has asset management responsibilities over 4,800 units nationwide. In addition, TDI has plans to develop an additional 2,200 units over the next 12 months that are in various stages of planning and predevelopment and is currently raising capital to complement their venture platforms in order to fund their expansion and business plan. The firm offers investment management, pre-development, underwriting, marketing and asset management services as well as construction, financial and administrative services. www.jpi.com