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D-FW’s biggest apartment builder has a new CEO

Irving-based JPI makes several changes to its executive ranks.

North Texas’ biggest apartment builder is reshuffling its C-suite.

Irving-based developer JPI said it has promoted Payton Mayes to chief executive.

Payton Mayes is the new chief executive at JPI.
Payton Mayes is the new chief executive at JPI.(JPI )

The previous CEO, Brad Taylor, will transition to becoming a full-time company board member and an owner of the firm. Taylor became CEO of JPI in 2018.

“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,” Taylor said. “Leading JPI has been a great honor, and I look forward to JPI’s bright future under Payton’s well-earned leadership.”

New CEO Mayes joined JPI in 2019 as a regional managing partner.

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Along with the change in CEOs, JPI said it is giving chief financial offer Chris Clayton the new role of chief capital markets officer.

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And Missy Hubbell will become the company’s chief people officer. Before joining JPI, Hubbell was chief operating officer of an asset management firm.

“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,” Mayes said in a statement.

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JPI is the Dallas-Fort Worth area’s busiest apartment builder, with 5,000 units under construction. The developer operates from its headquarters in Las Colinas and an office in California.