HOUSTON – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, Texas.

JLL marketed the property exclusively on behalf of Apartment Advisors, Inc. and procured the undisclosed buyer. In addition, JLL worked on the new owner’s behalf to arrange a fixed-rate Fannie Mae acquisition loan. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Fannie Mae DUS lender.

The Loop Apartments is located at 3400 Loop 336 just minutes from Interstate 45 to the north of the Houston metro. Completed in 2017, the sought-after property consists of eight three-story apartment buildings that house a mix of one-, two- and three-bedroom floor plans averaging 909 square feet. Units feature luxury lighting packages, stainless steel appliances and high-end finishes. Common area amenities include a saltwater pool, two outdoor grilling stations, state-of-the-art fitness center, outdoor entertainment pavilion, dog park, 424 parking spaces and controlled access. 

The JLL Capital Markets team representing the seller was led by Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney.

JLL’s Capital Markets debt placement team representing the new owner was led by Tim Leonhard, Mary Davis and Eric Hightower.