JPI Announces New CEO, Expands Executive Team for Innovation, Growth & Diversification
Dallas-based multifamily developer JPI today announced expansion of its executive leadership team to spearhead innovation and growth as one of the industry's most active players.
The executive team changes include promoting Payton Mayes to Chief Executive Officer, as well as introducing the new roles of Chief Capital Markets Officer, Chief People Officer and Chief Innovation Officer. Brad Taylor will remain active as an Owner and full-time Board Member.
Payton arrived at JPI in 2019 as a proven leader with more than 20 years of experience originating and managing real estate and operating company investments. He joined JPI as Regional Managing Partner of the Central Region and was promoted to Divisional President and Central Region Managing Partner in December 2020.
"For more than 30 years, JPI has earned an unmatched market reputation built on integrity, excellence and innovation, which is lived out every day through our associates and leadership team," Taylor said. "As JPI looks to the future, I couldn't be more confident in the expertise, ingenuity and forward-thinking approach demonstrated by Payton and a seasoned executive team. Leading JPI has been a great honor, and I look forward to JPI's bright future under Payton's well-earned leadership."
These changes follow landmark successes at JPI, including new projects, expanded communities and record-breaking portfolio transactions. The company has earned a reputation as one of the most active developers in Dallas/Fort Worth (DFW) and Southern California.
"JPI has a legacy as a transformational multifamily developer," Mayes said. "As a team, we're focused on best-in-class people, technology and processes. To successfully diversify in a market evolving at break-neck speeds, we're investing in expert leaders to uphold our people-first approach. I'm humbled to lead an organization with the best people in our industry. Our associates are forging an exciting future for JPI."
As part of JPI's leadership transition, Chris Clayton takes a new role as Chief Capital Markets Officer. Clayton has served as Chief Financial Officer since 2019 and will continue to do so until his successor is named. His strong 30-year track record of identifying, analyzing and closing transactions will give JPI continued access to capital and relationships.
JPI also welcomes several new leaders to its executive leadership team. Missy Hubbell will serve as Chief People Officer, developing and leading the strategy related to attracting, growing and retaining top industry talent. Hubbell joins JPI after a 25-year career in strategic operations and talent management, including serving as Chief Operating Officer for a private equity asset management firm. She has spent the last seven years working with JPI's leaders on talent management initiatives with a distinct focus on growth and development.
To bolster the organization's commitment to strategic innovation, JPI has named Michael Shepherd as Chief Innovation Officer. Shepherd has two decades inclusive of multifamily and construction experience, and his vision for creative technology solutions will set JPI as an industry leader. He will spearhead JPI's technology applications across departments and communities.
As one of the first initiatives under Mayes' leadership, JPI is partnering with faith-based real estate investment fund WayMaker Partners to provide exceptional risk-adjusted returns through the intersection of technology and community. As part of WayMaker and JPI's integration, WayMaker founder and former JPI associate Keith Dunkin will rejoin JPI as Strategic Technology Advisor.
"The future of multifamily development has never been more promising," Mayes said. "Brad's vision and leadership have put us on a great path, and I'm excited to move our team forward and continue the legacy of the leaders before me. JPI is pioneering market evolution with innovative business practices, transparent partnerships, diversified offerings and a commitment to JPI's foundation for success ? our people."
About JPI
JPI is a national developer, builder and investment manager of Class A multifamily assets across the U.S. and is the most active multifamily developer in Dallas-Fort Worth, with over 5,000 apartment homes under construction. Headquartered in Irving, Texas, JPI also has an office in California. With a 30-year history of successful developments throughout major U.S. markets and an unparalleled depth of industry-specific experience, JPI stands among the most active privately held real estate companies in the country. JPI's executive leadership team has an average of 25 years of comprehensive experience in multifamily developments ? ranging from low-density garden apartments and mid- to high-density wrap and podium projects to student-living housing projects and mixed-use high-rise developments. The firm offers investment management, predevelopment, underwriting, marketing and asset management services, as well as construction, financial and administrative services. To learn more about JPI, please visit JPI.com.
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