JPI Picks Verizon FiOS Fiber-Optic Services For Key Multifamily Properties

RESTON, Va. - Residents of four multifamily communities in Massachusetts, Northern Virginia and suburban Maryland developed by Irving, Texas-based JPI will enjoy the best in broadband communications from Verizon via fiber optic-cables that will deliver a bundle of FiOS Internet and TV services to each apartment.

The communities are: Dedham Station, a 300-unit, three-building development in Dedham, Mass.; the Jefferson at Inigo's Crossing, a 473-unit high-rise in North Bethesda, Md.; Jefferson at Sullivan Place, a 498-apartment development in Fairfax County, Va.; and The Byron, an eight-story, mixed-use project, including 90 residential condominiums, in Falls Church, Va. They will be among the first new-construction multifamily customers in the country to have Verizon's FiOS bundle of calling, high-speed internet and video services.

"Every JPI community provides a comprehensive package of the best possible services and technologies," said Henry Pye, assistant vice president at JPI Partners LLC. "That includes Verizon's revolutionary fiber-to-the-premises distribution network and its ultramodern FiOS services."

Each unit will be served via its own fiber-optic cable tied to a flush-mounted service delivery panel in the apartment and linked by high-capacity cables to faceplates throughout the unit.

"We've worked closely with Verizon's design team and engineers to optimize the delivery system from the street to each apartment. Verizon's design team went to great lengths to assure a cost-effective solution for the property owner while simultaneously enabling uncompromising, innovative services," Pye said.

Verizon is the only major telecom company installing fiber right into homes on a mass scale across the United States.

Verizon currently offers packages of calling, high-speed Internet access up to 30 megabits per second, as well as FiOS TV, which delivers more than 220 broadcast and 22 high-definition channels, where available. FiOS TV will be immediately available once the Fairfax and Falls Church communities are built, and will be added to the others upon approval of local franchise agreements.

"The JPI projects are among the first major new construction multifamily installations we've engaged as part of our aggressive effort to serve the multifamily market and meet the needs of developers, owners and residents with our fiber-to-the-premises technology," said Eric Cevis, vice president of Verizon's Enhanced Communities team. "JPI recognizes the differentiating factor that the best in telecommunications brings to its properties and was committed early on to working with Verizon to make the installations first-rate."

Verizon Enhanced Communities is a leader in delivering broadband, video and advanced communications to single- and multifamily communities nationwide. Combining a next-generation fiber to the premises network with dedicated end-to-end service, Verizon Enhanced Communities exceeds customer expectations for the latest communications needs today and well into the future. For more information, visit www.verizon.com/connected.

Verizon Communications Inc. (NYSE:VZ), a Dow 30 company, is a leader in delivering broadband and other communication innovations to wireline and wireless customers. Verizon operates America's most reliable wireless network, serving 51.3 million customers nationwide; one of the most expansive wholly-owned global IP networks; and one of the nation's premier wireline networks, serving home, business and wholesale customers. Based in New York, Verizon has a diverse workforce of approximately 250,000 and generates annual consolidated operating revenues of approximately $90 billion. For more information, visit www.verizon.com.

About JPI
Founded in 1989, JPI is dedicated to "Building Quality for Our Customers" and committed to making quality investments and providing the highest level of real estate services. JPI is consistently recognized as an industry leader. The National Association of Homebuilders and Multi-Housing News ranked JPI #1 for 2003 among the industry's leading builders. CEL & Associates, the nation's largest surveyor of resident satisfaction, has awarded JPI the National Multifamily Customer Service Award for Excellence three years in a row. EPMS, a national multifamily marketing company, ranked JPI first in its quarterly benchmark performance comparisons in three quarters in 2005. These milestones reinforce and substantiate JPI's commitment to its investors, associates and residents.

JPI operates offices in New York, Atlanta; Boston; Fort Lauderdale; San Diego; Irving, Texas; and McLean, Virginia. JPI is one of the nation's largest luxury apartment companies, providing acquisition, development, construction, property and asset management services for conventional multifamily and student living communities nationwide JPI provides property management and leasing services for more than 21,000 apartment homes nationwide.

Infinisys Inc. is nominated as a Finalist for the 2006 Consumer Electronics Association (CEA) TechHome Mark of Excellence Innovation Award for the low voltage architecture of Jefferson at Dedham. Infinisys also designed Jefferson at Inigo's Crossing and Jefferson at Sullivan Place. Award winners will be announced in March at the Spring Electronic House Expo (EHX) in Orlando.

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