Verizon Brings Its Advanced, All-Fiber-Optic Network to Three New JPI Apartment Buildings in D.C.'s Capitol Riverfront Neighborhood

Verizon Brings Its Advanced, All-Fiber-Optic Network to Three New JPI Apartment Buildings in D.C.'s Capitol Riverfront Neighborhood

By Spring, Residents of More than 900 Apartments Will Have Access to Verizon's Super-Fast FiOS Internet Connections

WASHINGTON, March 4 /PRNewswire/ -- Residents at two new apartment buildings in this city's revitalized Capitol Riverfront neighborhood now have access to Verizon's FiOS Internet, the most advanced broadband service available. The service also will be available this spring in a third building currently under construction in the same neighborhood.

The three buildings, owned by JPI, a multifamily real estate investment company with headquarters in Irving, Texas, contain a total of 931 apartments.

In addition, under an agreement announced Wednesday (March 4), Verizon is deploying FiOS services in JPI's new and existing developments in Maryland, Virginia, Pennsylvania, Massachusetts, Texas and California.

JPI's buildings in Washington -- and other single- and multifamily residences throughout the District -- will also ultimately have access to Verizon's award-winning FiOS TV as the company rolls out the service over the next few years under a recently approved franchise agreement.

"We have a long-standing relationship with JPI and already have brought our FiOS services to dozens of their communities across the country," said Eric Cevis, vice president of Verizon Enhanced Communities, which markets and sells communications and entertainment services to single- and multiple-home communities, and small and medium commercial sites. "We're excited to bring FiOS services to several more JPI communities here in the nation's capital."

The two JPI buildings that now have access to FiOS Internet are the Jefferson at Capitol Yards, at 70 I St., S.E.; and the Axiom at Capitol Yards, at 100 I St., S.E. The buildings contain a total of 694 apartments. Verizon is currently installing fiber-optic cable in the third building, 909 Capitol Yards, which is located at 909 New Jersey Ave., S.E. and will have 237 apartments.

The Capitol Riverfront neighborhood in which the three buildings are located is in Southeast Washington near Nationals Park, the new stadium of Washington's Major League baseball team, and between the Capitol and the Anacostia River. Formerly an area containing vacant lots and auto repair shops, the neighborhood is now full of new apartment buildings, offices, stores and restaurants.

Michael Stevens, executive director of the Capitol Riverfront Business Improvement District, said: "The Capitol Riverfront is D.C.'s newest waterfront destination for parks, entertainment, business and the best of urban lifestyles. In the past three years this area has been transformed into a desirable destination for sustainable urban living anchored by new parks and access to the river. JPI's partnership with Verizon illustrates the visionary ideals of the neighborhood that make it such an excellent location for living, business activities, recreation and entertainment."

Henry Pye, vice president of resident technology solutions for RealPage, which coordinated the FiOS deployments with JPI, said: "JPI's communities consistently strive to provide a comprehensive package of the best possible services and technologies for its residents. Verizon's revolutionary FiOS service certainly fulfills that objective."

Since the end of 2005, Verizon Enhanced Communities has aggressively pursued agreements with multifamily owners to bring FiOS to their communities. To date, Verizon FiOS is available to residents in more than 1 million apartments across 16 states and the District of Columbia.

FiOS Internet Service Sets the Broadband Pace

Verizon FiOS Internet service can deliver Internet access with maximum downstream connection speeds of up to 50 Mbps* (megabits per second) on the nation's most advanced digital, all-fiber-optic network. At 50 Mbps, downloading a 1.2 GB (gigabyte), or 90-minute, standard-definition movie takes approximately 3.2 minutes. Upload speeds of up to 20 Mbps make it a snap to share purchased videos and files over Verizon's large-scale fiber-optic network that extends all the way to customers' homes or small and medium-sized businesses.

Verizon's FiOS Internet service was named the top pick in last year's PCMag.com's reader survey and also was named a winner in PC World Magazine's annual list of 100 Best Products. It was the second year in a row that the broadband service was named to both lists. A recent independent national rating of bundles ranked a package of Verizon FiOS with voice, Internet and TV service as the best in the industry.

For more information on JPI's Jefferson at Capitol Yards, Axiom at Capitol Yards, 909 Capitol Yards and Jefferson at Half Street, visit www.capitolyardsdc.com.

Property owners and developers interested in bringing Verizon's FiOS services to their property can visit www.verizon.com/communities for more information.

*NOTE: Actual (throughput) speeds will vary.

About RealPage Resident Technology Solutions

RealPage Resident Technology Solutions is the multifamily leader in managing the business, legal, and technical aspects of voice, video, data services, access control solutions, audio-video and lifestyle technologies, and other low-voltage community amenities.

RealPage Resident Technology Solutions supports multifamily development, acquisitions, and operations for dozens of developers, builders, managers and owners. Since 2001, they have managed resident services and technology for hundreds of communities in 34 States, the District of Columbia, and Canada. For more information, visit www.realpage.com.

About Verizon

Verizon Communications Inc. (NYSE:VZ), headquartered in New York, is a leader in delivering broadband and other wireline and wireless communication innovations to mass market, business, government and wholesale customers. Verizon Wireless operates America's most reliable wireless network, serving more than 80 million customers nationwide. Verizon's Wireline operations include Verizon Business, which delivers innovative and seamless business solutions to customers around the world, and Verizon Telecom, which brings customers the benefits of converged communications, information and entertainment services over the nation's most advanced fiber-optic network. A Dow 30 company, Verizon employs a diverse workforce of nearly 224,000 and last year generated consolidated operating revenues of more than $97 billion. For more information, visit www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and biographies, media contacts, high-quality video and images, and other information are available at Verizon's News Center on the World Wide Web at www.verizon.com/news. To receive news releases by e-mail, visit the News Center and register for customized automatic delivery of Verizon news releases.

Source: Verizon

CONTACT: Ellen Yu of Verizon, +1-908-559-3496, ellen.yu@verizon.com; or
Brooke Honore of JPI, +1-703-847-0900, brooke.honore@jpi.com

Web Site: http://www.verizon.com/

Company News On-Call: http://www.prnewswire.com/comp/094251.html

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