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News release


One of JPI’s Newest Developments in Dallas Suburb Attracts Institutional Investor

JLL negotiates sale of Jefferson Creekside in Allen, Texas

DALLAS, July 28, 2015 – On behalf of JPI, JLL’s Capital Markets experts today announced the sale of Jefferson Creekside, a brand new Class A+ multifamily community located along the rapidly growing Highway 121 corridor. Starlight U.S. Multi-Family purchased the 444-unit multifamily community in Allen, Texas for an undisclosed amount with the property just completing lease-up at the time of sale.

Managing Director Jeff Price and, Senior Vice Presidents Bill Simmons and Jorg Mast led the JLL team on the transaction. 
“Jefferson Creekside is a well-designed thoughtfully executed quality asset in one of the hottest areas of the nation just minutes from major employment and entertainment hubs” said Matt Brendel, Development Partner at JPI.  “In addition to the high quality amenities, the property also offers residents unmatched direct access to a regional hike and bike trail.”

Unit interiors include top-of-the-market finishes such as stylized wood flooring, stainless steel appliances, granite countertops and designer pendant lighting. Community amenities include a resort-style swimming pool, fireside and cabana area, state-of-the-art fitness center, pet haven, an open air cinema and access to the 47 mile Rowlett Creek hike & bike trail.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe.

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About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $55.3 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About JPI
JPI ( currently has 3,125 units under construction in Texas, New York and Arizona and has asset management responsibilities over 6,700 units nationwide.  JPI has plans to develop an additional 1,600 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, please visit