GRAND PRAIRIE, TX – JPI, a leader in the development of best-in-class multifamily communities, has broken ground on the first phase of Jefferson Loyd Park, a Class A development that will bring 450 multifamily homes to Grand Prairie.
The new community, made up of eight 3-tale walkup buildings, will span over 25 acres and will feature urban-style architecture. Residents will delight in top-of-the-line community amenities such as a resort-style pool with cabanas, a fitness center equipped with virtual exercise class offerings, and convenient access to Loyd Park and Joe Pool Lake.
“This is a really exciting project for us,” said Blake Taylor, Senior Vice President and Regional Development Partner for JPI. “Not only are we able to bring a substantial number of homes to a growing area, but in such a unique location. Jefferson Loyd Park will provide residents with a place to call home that is urban yet has simple access to Loyd Park and Joe Pool Lake. It’s the best of both worlds.”
Jefferson Loyd Park is positioned along Highway 360 between Debbie Lane and Broad Street. State Highway 360 is a major highway in the area and reports 27,000 vehicles per day. The community also provides residents quick access to a host of retail and dining within a 5-mile radius, such as Kroger, The Home Depot, Super Target, Chase Bank, Starbucks, and many more.
Partners on the project include the lender, Pleased State Bank; architect, Demarest; civil engineering, Kimley Horn, and many others. Including Loyd Park, JPI’s total count of homes under construction currently stands at over 7,600, with over 6,200 homes under construction in North Texas alone.
“Jefferson Loyd Park Phase 1 marks JPI’s 3rd project in Grand Prairie in the last 18 months, so we have become very familiar with their quality and standard of work,” said John Lopez, District 4, Mayor Pro Tem for Grand Prairie. “Our priority is to enhance the quality of life for the community, and we believe that this new project will do just that by bringing top-of-the-line mix-use housing to an area of town that has so much to offer.”

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GREENSBORO, NC – Bell Partners, one of the nation’s leading apartment investment and management companies, announced it has bought Lansbrook Village, a 774-unit apartment community located in Palm Harbor, Florida. In a separate transaction, the Company also announced it has bought Presidio East, a 312-unit apartment building in Fort Worth, Texas. Lansbrook Village was bought on behalf of Bell Value-Add Fund VIII investors and will be renamed Bell Lansbrook Village. Presidio East was bought on behalf of Bell Core Fund I investors and will be renamed Bell Presidio.
“By leveraging our local market knowledge and differentiated deal flow, we have bought two properties in quality locations that, with careful underwriting and a disciplined approach to risk management, can each provide attractive returns to our investors,” said Nickolay Bochilo, EVP of Investments at Bell Partners. “Bell Lansbrook Village is our first acquisition for Value-Add Fund VIII and offers the ability to immediately make value through renovations and enhanced management practices. Bell Presidio is well-suited for our Core Fund I venture as it provides a stable performance history in a location with attractive growth prospects.”
Completed in several phases between 1998 and 2004, Bell Lansbrook Village is a low-density community with direct entry, townhome style units in one-, two-, three- and four-bedroom floor plans. The 85-acre property boasts a range of high-quality amenities, including three pools, tennis courts, a fitness center and a pet park. The property’s location offers convenient commuter access to downtown Tampa and downtown St. Petersburg. Ample retail and dining locations, beaches, an 18-hole championship golf course and walking trails are all within minutes of the property.
Completed in 2017, Bell Presidio is a low-density community with modern interior finishes and an attractive unit mix of larger floorplans providing desirable options to a wide range of prospective residents. Amenities include a two-tale fitness center and large saltwater pool. The property is located in North Fort Worth near Alliance Town Center, top-ranked schools and major employment centers including the Alliance Texas global logistics hub.

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PALO ALTO, CA – Multifamily owner-operator and investment manager Pacific Urban Investors bought La Jolla International Gardens, a 400-unit apartment community in the La Jolla / University Town Center (UTC) submarket of San Diego, CA. The property was renamed Allina La Jolla and marks Pacific s 21st acquisition in the San Diego Market.
Allina La Jolla is a 100% market rate property built in 1986. La Jolla / UTC is known as a regional employment driver in multiple science and technology fields due to its business connectivity to the University of California at San Diego (UCSD) research ecosystem. Proximity to downtown La Jolla, job centers up and down the I-5/I-15 corridors, and some of southern California s best beaches make La Jolla / UTC a highly sought-after locale offering convenient coastal access and small commute times. The Property offers semi-urban, walkable living 10 minutes from the ocean, a job-dense micro location with abundant neighboring retail, and spacious amenities. Community offerings on the meticulously crafted, 7-acre asset include a resort-style pool and spa, sprawling clubhouse, fully-equipped business center, modern fitness center, sand volleyball court, and bar-be-que area.
Pacific Urban Investors is committed to preserving the distinctive character and identity of Allina La Jolla while introducing new initiatives aimed at further enhancing the resident experience. The company plans to invest in modernizing the community s amenities, including expanded communal areas for residents to connect and engage, and upgrading resident unit interiors.
Allina La Jolla gives Pacific the opportunity to own a high quality, well-kept vintage asset that offers residents a pleasant living experience with proximate access to La Jolla beaches only a small drive away. Exceptional demographics, award-winning schools, world-class outdoor amenities, and expansive retail offerings make La Jolla / UTC as desired a coastal community as any in San Diego County. The Property s premium location, access to multiple employment nodes, ample amenities, and well-designed floor plans, all serve as differentiating features in the marketplace, said Grant Geisen, Senior Vice President of Investments at Pacific.
Pacific s President Rory Gardner commented, We are excited to obtain a position in this coveted coastal San Diego submarket where opportunities are so hard to come by. Allina La Jolla is a welcome complement to our growing Southern California portfolio, and we are actively seeking additional San Diego investments across all our strategies; including both direct acquisitions, as well as joint venture and preferred equity opportunities.

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