JPI Makes Second Big Sale to Lone Star Funds,Top Texas

Apartment builder JPI has sold 1,174 apartments in Irving, Farmers Branch and Grapevine to an affiliate of Dallas-based Lone Star Funds. Terms weren’t disclosed. It’s the second big apartment sale this year JPI has made to Lone Star. The properties included in the just-completed deal are the Jefferson Promenade in Las Colinas, the Jefferson 1900 in Farmers Branch and the Jefferson Silverlake in…

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