JPI Sells Ninth Asset to Lone Star Funds

Jefferson Woodlands, a 364-home, 15-acre multifamily community located in Garland, recently sold 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 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 submarket research, which identified the city of Garland and this neighborhood as one of North Texas’ most desirous places to live, work and play,” said Blake Taylor, JPI senior vice president and regional development partner.

Jefferson Woodlands is located at 4501 North Garland Ave. It is near major employment hubs in both Garland and Richardson, including Richardson’s Telecom Corridor, the Texas Instruments campus and State Farm Insurance. Jefferson Woodlands is also located less than five miles from CityLine in Richardson.

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