Irving-Based Apartment Developer Names New President

Irving-based JPI has promoted Payton Mayes to divisional president and managing partner — a new role that comes amid a strong growth for the most active multifamily developer in Dallas-Fort Worth.

Mayes will oversee and lead all components of JPI’s multifamily regional operations — including site acquisition, development, design management, construction, capital markets, portfolio management and disposition — in the new corporate position. He will also lead JPI’s new presence in the affordable housing market to help meet Dallas-Fort-Worth’s growing and diverse housing needs.

Mayes will continue his involvement as a member of the JPI Investment Committee and Executive Leadership Team, in which he plays a key role in spearheading JPI’s strategic direction and initiatives, as well as company culture, JPI CEO Brad Taylor said.

Taylor said Mayes’ promotion “speaks to his leadership skills and his commitment to excellence.”

“Payton truly embodies JPI’s core values and principles by demonstrating servant leadership, team loyalty and a commitment to our culture,” Taylor said in prepared remarks. “We could not be more confident in his abilities to lead JPI to even more success in this new role.”

Mayes originally joined the JPI team in 2019 as an executive vice president and Central Region managing partner. Prior to JPI, Mayes served as the chief investment officer at DHIC Communities, a D.R. Horton company, where he expanded the company’s expertise in joint-venture capital structures and distressed offerings.

Read the full story at Dallas Business Journal