130-bed assisted living and memory care community in Naples sold on behalf of Prevarian Senior Living 

DALLAS, January 22, 2020 – JLL Capital Markets announced today that it has closed the sale of Beach House Naples, a 113-unit/130-bed assisted living and memory care community in Naples, Florida.

JLL marketed the portfolio exclusively on behalf of the seller, Prevarian Senior Living, and procured the buyer, CPF Living Communities.

Beach House Naples consists of 81 studio, one-bedroom and two-bedroom assisted living units and 32 studio memory care units. Completed in 2015, the 98,418-square-foot property is situated on a more than eight-acre site at 1000 Airport-Pulling Road. The community was designed by leading senior living architect, Architectural Concepts, Inc., and interior designer, Studio|65. Beach House Naples features units appointed with upscale amenities, including granite countertops, energy-efficient stainless steel appliances, partial kitchens with small islands and private bathrooms. The community also offers a movie theater, pub, game room, bocce court, outdoor courtyards, library and bar and lounge area. Resident services include personalized care plans, transportation, room service and group fitness classes.

The JLL Seniors Housing Capital Markets investment advisory team representing the seller was led by Managing Directors Cody Tremper and Mike Garbers.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

212-home, mid-rise Eitel Apartments features a downtown location and stunning views of Loring Park

CHICAGO, January 22, 2020 – JLL Capital Markets announced today that it has closed the sale of Eitel Apartments, a 212-home, mid-rise apartment property overlooking Loring Park in downtown Minneapolis, Minnesota.

JLL marketed the property exclusively on behalf of a confidential seller and procured an institutional buyer.

Eitel Apartments is located at 1367 Willow Street and has been awarded a Walk Score® of 92 given its     proximity to employers, retail and recreation amenities in the CBD. The live-work-play community consists of three buildings – one of which is a repurposed historic building that formerly served Eitel Hospital – that encompass a mix of studio, convertible, one- and two-bedroom units averaging 800 square feet. Community amenities include a rooftop deck, sky lounge, fitness center, yoga studio, billiards room, sauna and a heated two-level subterranean parking garage. The property was 90% occupied at closing.

The JLL Capital Markets team representing the seller was led by Executive Managing Director Matthew Lawton; Director Kevin Girard; Senior Director Wick Kirby; and Senior Vice Presidents Josh Talberg, Dan Linnell and Mox Gunderson.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

HOUSTON – JLL Capital Markets announced today that it has closed the sale of The Beacon at Buffalo Pointe, a recently completed, 281-unit, Class A+ apartment community near the Texas Medical Center.

JLL marketed the property exclusively on behalf of the seller, Allied Orion Group, and procured the buyer, Morgan Group, Inc.

The Beacon at Buffalo Pointe is situated on 32.4 acres at 10301 Buffalo Speedway within five minutes of METRORail’s Red Line and 10 minutes from the Texas Medical Center, which is the worlds’ largest medical complex and the 8th largest central business district in the U.S. Completed in 2017, the four-story, mid-rise property consists of one-, two- and three-bedroom units averaging 862 square feet and 484 parking spaces. The best-in-class community includes high-end finishes in all homes and numerous common area amenities, including a resort-style pool with fountain, in-pool seating, a sundeck and four poolside cabanas; outdoor grilling area; state-of-the-art fitness center; clubroom with demonstration kitchen and coffee bar; dog park with wash station and water fountain; electric car charging station; reserved garage parking available; and concierge service.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Chris Curry and Todd Marix and Analyst Bailey Crowell.

HOUSTON – JLL Capital Markets announced today that it has arranged acquisition financing for a multi-housing community located in the Houston-area suburb of Katy, Texas.

JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year, floating-rate acquisition loan through a national bank.

The community is situated on 14.44 acres along Grand Parkway. Completed in 2013, the community consists of a mix of one-, two- and three-bedroom homes averaging 933 square feet. Units feature stainless steel appliances, granite countertops, kitchen islands, nine-foot ceilings, wood-style flooring and private balconies. Community amenities include a resort-style pool, clubhouse, 24-hour fitness center, business center, resident long with TV and coffee bar, and lighted dog park with fountain. The community is zoned to top-rated Katy Independent School District campuses.

The JLL Capital Markets debt placement team representing the borrower was led by Managing Director Cortney Cole.

CHICAGO – JLL Capital Markets announced today that it has closed the sale of Lakeside Student Living, an award-winning, 504-bed, purpose-built student housing community serving students of Mississippi State University in Starkville.

JLL marketed the portfolio exclusively on behalf of the seller to an undisclosed buyer.

Lakeside Student Living is located at 1300 Old Highway 12 along a vast stretch of lakefront less than five miles southwest of campus. Completed in 2006, the community comprises a mix of studio, one-, two- and four-bedroom layouts averaging 1,068 square feet along with 505 parking spaces. In addition to scenic waterfront views, the community also offers a wide variety of community and in-unit amenities, including a comprehensive fitness complex, pool, volleyball court, hammock beach, computer lab, private study lounges, in-unit laundry rooms, fully furnished living spaces and 100% bed-bath parity in all units. The property is 98% occupied for the current semester.

The JLL Capital Markets investment advisory team representing the seller included Directors Scott Clifton and Stewart Hayes along with Senior Managing Director Barry Brown.

HOUSTON – JLL Capital Markets announced today that it has arranged acquisition financing for a multi-housing community located in the Fort Worth suburb of Mansfield, Texas.

JLL worked exclusively on behalf of Hilltop Residential to arrange the four-year, interest-only, fixed-rate acquisition loan through a life insurance correspondent lender.

The community was completed in two phases in 2015 and 2017. The property, which is equidistant between downtown Fort Worth and Dallas, is situated along the newly expanded State Highway 360 near Lake Prairie Town Crossing, Grand Prairie Premium Outlets, Arlington Highlands and The Parks at Arlington. Residential units average 962 square feet and feature granite countertops, stainless steel appliances, kitchen islands, plank flooring, full-size washer and dryer connections and pet yards in select homes. Community amenities include a resort-style swimming pool, outdoor lounge, state-of-the-art fitness center, yoga room, dog park and available private garages.

The JLL Capital Markets debt placement team representing the borrower included Managing Directors Cortney Cole and Steve Heldenfels.