Property Acquisitions and Dispositions

MORRISTOWN – JLL Capital Markets announced today that it has closed the sale of Town Hall Terrace, a 460-unit multi-housing community located in Grand Island, New York.

AUSTIN – JLL Capital Markets announced today that it has arranged the sale of Caliza, a 270-unit, Class A, garden-style apartment community in the northwest Austin suburb of Cedar Park, Texas.

SEATTLE – JLL Capital Markets announced today that it has closed the $32.125M construction financing for the development of The Virginia, a 198-unit market-rate multi-housing project located in Seguin, Texas.

MINNEAPOLIS – JLL Capital Markets announced today that it has closed the sale of Urbana Court, a 207-unit, multi-housing community located in the heart of the Twin Cities medical alley in Brooklyn Park, Minnesota.

BOSTON  – JLL Capital Markets announced today that it has closed the $29.15 million sale of and arranged the $18.288 million in first mortgage acquisition financing for Chases Ocean Grove, a 19.2-acre piece of land that is encumbered by 277 individual ground leases improved with seasonal cottages located within Cape Cod in Dennisport, Massachusetts.

NEW YORK – JLL’s Capital Markets group announced today that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in Long Island City. The property will include 283,000 square feet of residential space and 10,000 square feet of commercial retail space.

NEW YORK – JLL’s Capital Markets group announced today that it has arranged a $350 million debt and equity capitalization for the development of The Italic, a to-be-built, 363-unit, luxury mixed-use community located at 26-32 Jackson Ave. in Long Island City. The property will include 283,000 square feet of residential space and 10,000 square feet of commercial retail space.

MIAMI, May 17, 2023 – JLL Capital Markets announced today that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, Florida.

DENVER – JLL Capital Markets announced that it has arranged $38.5 million in construction financing, in addition to Co-GP equity, for Residences at Bolivar, a 184-unit, Class A, luxury multi-housing development with 2,611 square feet of ground-floor retail located in downtown Cleveland, Ohio.

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