Property Acquisitions and Dispositions
JLL arranges joint venture equity and $91M construction loan for new Long Island apartment community
NEW YORK, NY — JLL Capital Markets announced today that it has arranged debt and equity financing for Arboretum, a to-be-built, 292-unit, garden-style rental community located in Farmingville, New York, one of the most supply constrained apartment markets on Long Island.
NEW YORK, NY, April 13, 2022 – JLL Capital Markets has announced the sale of The Vitagraph, a 302-unit luxury rental property in the Midwood neighborhood of Brooklyn.
SAN FRANCISCO, April 13, 2022 – JLL’s Capital Markets group announced that it has arranged $328.8 million in acquisition financing for a five-property, 1,037-unit multi-housing portfolio located in downtown Los Angeles, California.
MORRISTOWN, NJ – JLL Capital Markets announced that it has arranged $11.5 million in permanent refinancing for The Beacon at Summit, a 37-unit multi-housing community located in Summit, New Jersey.
Magma Equities (“Magma”) has acquired a portfolio of 1,361 multifamily units from Hilltop Residential. The high quality assets have a weighted-average vintage of 2007 and are located in several high-growth Texas markets, including Dallas/Fort Worth, Houston, and San Antonio.
Real estate company makes second successful portfolio sale in under a year of ownership
Berkadia announces it has arranged the sale and financing of The Dawson, a 354-unit multifamily community in the Energy Corridor, West Houston’s Central Business District. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel, alongside Director Kyle Whitney of Berkadia Houston represented the seller, RPM Living, a multifamily property management, investment and development company based in Austin, Texas.
