Lone Star Funds snaps up another JPI apartment community in Garland
The Dallas-based investor has bought nine North Texas rental communities from Irving-based apartment builder JPI.
Lone Star Funds acquired the Jefferson Woodland apartments on Garland Avenue.(Shoot2Sell)
Irving-based apartment builder JPI has sold another rental community to Dallas-based investor Lone Star Funds. The 364-unit Jefferson Woodland apartments in Garland is the ninth property JPI has sold to Lone Star Funds in the last year.
In 2020, the private equity firm acquired more than 3,000 North Texas rental units from JPI in two huge transactions.
Jefferson Woodland the latest deal opened on Garland Avenue in 2019.