PROFILE |
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JPI can walk your dog or rent you a bike but what it does best is build and manage apartments (its own and other property owners'). One of the largest luxury multifamily housing developers in the US, JPI also manages more than 20,000 units in about a dozen states. The company typically buys down-at-the-heels properties and upgrades them with such features as theaters, putting greens, mail centers, and 24-hour concierge services. JPI's student complexes may include amenities like fitness centers. Founded in 1976 as Jefferson Properties, Inc., JPI was a subsidiary of Southland Financial until the early 1990s when Hunt Realty Corp invested in it. JPI also operates in partnership with GE Capital.
COMPETITION |
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Castle & Cooke, Inc. (dossier)
Gables Residential Trust (GBP)
Trammell Crow Residential (dossier)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 600.00
1-Yr. Sales Growth: (43.5)%
Employees: 1,500
Revenue per employee: $400,000.00
KEY PEOPLE |
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Frank Miller
CEO
Frank B. Schubert
CFO
CONTACT INFO |
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600 E. Las Colinas Blvd., Ste. 1800
Irving, TX 75039
US
Phone: 972-556-1700
Fax: 972-556-3784
Online: Web Site
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