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JPI Promotes Payton Mayes to CEO, Adds Three New Positions to Executive Team

Multifamily Executive

Multifamily developer JPI has reorganized and expanded its executive leadership team, promoting Payton Mayes to CEO and adding three new executive leadership roles: chief capital markets officer, chief people officer, and chief innovation officer.

Former CEO Brad Taylor will remain active in the company as an owner and full-time board member. “For more than 30 years, JPI has earned an unmatched market reputation built on integrity, excellence, and innovation, which is lived out every day through our associates and leadership team,” says Taylor. “As JPI looks to the future, I couldn’t be more confident in the expertise, ingenuity, and forward-thinking approach demonstrated by Payton and a seasoned executive team. Leading JPI has been a great honor, and I look forward to JPI’s bright future under Payton’s well-earned leadership.”

Mayes joined JPI as a regional managing partner of the Central Region in 2019, bringing more than 20 years of experience originating and managing real estate as well as operating company investments. He was promoted to divisional president and Central Region managing partner in December.

“JPI has a legacy as a transformational multifamily developer,” Mayes says. “As a team, we’re focused on best-in-class people, technology, and processes. To successfully diversify in a market evolving at breakneck speeds, we’re investing in expert leaders to uphold our people-first approach. I’m humbled to lead an organization with the best people in our industry. Our associates are forging an exciting future for JPI.”

Chris Clayton, JPI’s chief financial officer, is taking on a new role as chief capital markets officer. He will continue to serve as CFO until his successor is named. Missy Hubbell will join JPI as chief people officer, bringing 25 years of experience in strategic operations and talent management, and Michael Shepherd will join as chief innovation officer, responsible for spearheading JPI’s technology operations and initiative.

“The future of multifamily development has never been more promising,” Mayes says. “Brad’s vision and leadership have put us on a great path, and I’m excited to move our team forward and continue the legacy of the leaders before me. JPI is pioneering market evolution with innovative business practices, transparent partnerships, diversified offerings, and a commitment to JPI’s foundation for success—our people.”