Property Acquisitions and Dispositions
JLL Capital Markets announced today that it has arranged $77.5 million in construction financing for a 279-unit, seven-story, luxury multi-housing development with 8,449 square feet of ground-floor retail, located in the Northern Liberties neighborhood of Philadelphia, Pennsylvania. This project will the first phase of a two-phased development totaling 466 units and approximately 15,000 square feet of retail.
Capital Markets announced today that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41% of the units are covered by a long-term Project-Based Section 8 Housing Assistance Payments (HAP) contract.
Prose Concord, was completed in 2022, and is located in close proximity to Atlanta