Property Acquisitions and Dispositions

SAN DIEGO, CA – On behalf of Lowe and LaSalle Investment Management, JLL Capital Markets announced today that it has closed the $106 million sale of IDEA1, a 295-unit, award-winning, Class A, mid-rise multi-housing community, to Fairfield. IDEA1 embodies the live-work-create environment in the East Village neighborhood of downtown San Diego.

MORRISTOWN, N.J., April 7, 2022 – JLL Capital Markets announced today that it has closed the $146 million sale of The Wel, a 260-unit, newly constructed, mid-rise, luxury multi-housing community located in Lindenhurst, New York, along the South Shore of Long Island. The $146 million sale price was for both the real estate as well as the significant 30-year IDA tax package; no details were supplied on the price allocation.

MORRISTOWN, N.J., April 7, 2022 – JLL Capital Markets announced today that it has closed the $146 million sale of The Wel, a 260-unit, newly constructed, mid-rise, luxury multi-housing community located in Lindenhurst, New York, along the South Shore of Long Island. The $146 million sale price was for both the real estate as well as the significant 30-year IDA tax package; no details were supplied on the price allocation.

MIAMI, Mar. 11, 2022 – JLL Capital Markets announced that it has arranged $60 million in construction financing for The Kavista, a 282-unit, eight-story multi-housing development located in the El Portal neighborhood of Miami, Florida.

MINNEAPOLIS, March 11, 2022 – JLL Capital Markets announced that it has arranged construction financing and secured equity for the development of Minnetonka Station, a 275-unit, Class A, transit-oriented multi-housing development project in Minnetonka, Minnesota.

MIAMI, Mar. 10, 2022 – JLL Capital Markets announced today that it has arranged $35 million in construction financing for the development of Solamar Kissimmee, a 210-unit, build-to-rent townhome community located in Kissimmee, Florida.

DENVER, March 7, 2022 – JLL Capital Markets announced that it has arranged $95 million in debt and equity for the construction of Fitzsimons Apartments, a 355-unit, garden-style, Class A multi-housing development in Aurora, Colorado.

Berkadia announces it has arranged the acquisition financing for The Reserve at Brandon, a 982-unit apartment community located in Brandon, Florida, outside of Tampa. Managing Directors Brad Williamson, Matt Robbins and Scott Wadler, Senior Managing Director Mitch Sinberg and Vice President Alan Dillman of Berkadia Miami secured a loan on behalf of ZMR Capital, a real estate investment firm based in Tampa. The property was 94 percent occupied at the time of sale.

Berkadia announces it has arranged the acquisition financing for The Reserve at Brandon, a 982-unit apartment community located in Brandon, Florida, outside of Tampa. Managing Directors Brad Williamson, Matt Robbins and Scott Wadler, Senior Managing Director Mitch Sinberg and Vice President Alan Dillman of Berkadia Miami secured a loan on behalf of ZMR Capital, a real estate investment firm based in Tampa. The property was 94 percent occupied at the time of sale.

Cavalli at Iron Horse Station is the company’s fourth Fort Worth multifamily community 

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