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.

MORGAN, a leader in upscale multifamily development, construction and property management, has opened its latest Pearl luxury apartment community. Situated in southwest Austin at Rialto and Southwest Parkway, Pearl Lantana contains 444 units with one, two and three bedrooms that range from 660-1576 square feet.

“From its location along Southwest Parkway, Pearl Lantana provides unparalleled views of the Barton Creek Greenbelt and downtown Austin's skyline," said Development Associate Seth Borland. "The property's close proximity to downtown and to an ever-growing roster of employers nearby gives residents convenient access to work, as well as a relaxing, low density, park-like setting at home."

Pearl Lantana features the luxury brand's premium interior amenities, such as open floor plans, high-end wood style floors, quartz countertops with tile backsplash, gas appliances, full size washers and dryers, tankless hot water heaters, under-mount sinks, walk-in closets, USB outlets, and patios or balconies. The resident amenity areas are solar powered and include an expansive resident e-lounge and cafe, and a platinum athletic club with a private spin bike studio. An electronic package locker system has been provided for resident convenience and package security.

Outdoors, Pearl Lantana amenities include three extensive pool areas -- complete with sundecks, an infinity-edge pool, a lap pool and adjacent hammock spaces -- a covered kitchen, a large enclosed dog park, and natural footpaths throughout the property.

Go online at http://pearllantana.com for floor plans and more information about Pearl Lantana.

MORGAN, a leader in upscale multifamily development, construction and property management, has opened Pearl CityCentre and Pearl Residences at CityCentre, two of its newest luxury apartment developments in Houston. Located across the street from one another at 10401 and 10402 Town & Country Way, the two communities have been designed to appeal to a variety of renters drawn to the area for its proximity to shopping at CityCentre and Memorial City, employment in the Energy Corridor and Westchase District, and exemplary schools in the area.

Pearl CityCentre contains 311 one- and two-bedroom units in a seven-story concrete and steel building. Units range from 650-1,500 square feet, with an average unit size of 950 square feet.

Pearl Residences at CityCentre has 148 one-, two- and three-bedroom units in an eight-story concrete and steel building. Designed for residents seeking more square footage, the units in this community range from 750-2,500 square feet, with an average unit size of over 1,500 square feet.

With some distinct differences, both apartment communities showcase MORGAN's premium Pearl amenities, including open floor plans and high-end interior finishes. Some of the differences between the two communities are KitchenAid appliances and hardwood floors in the Pearl Residences project. Each property features a cyber café, business center, state-of-the-art athletic club, and resort-style swimming pool with private cabanas. All residents have access to a sky lounge and shuttle service to nearby CityCentre.

"We designed Pearl CityCentre and Pearl Residences to appeal to a wide range of renters, from young professionals to empty nesters, who want an upscale all-inclusive environment," said MORGAN Executive Vice President Carter Bechtol. "Since MORGAN launched the premium Pearl brand in 2013 with the opening of Pearl Greenway in Houston's Greenway Plaza, we've seen demand grow for the type of luxury amenities we provide. I'm proud to say that this new Pearl development really delivers on the brand's premium promise."

For floor plans and more information about Pearl CityCentre, go to www.pearlcitycentre.com.

MORGAN, a leader in upscale multifamily development, construction and property management, has sold its 331-unit The Edge at Flagler Village multifamily property in Fort Lauderdale to an institutional investor. This midrise apartment building is located in the heart of Fort Lauderdale’s urban core. MORGAN completed construction on The Edge in January 2015.

“Downtown and Flagler Village are merging into a single neighborhood, which has shifted the center of gravity in Fort Lauderdale north”

Active in the Florida market since the 1990s, MORGAN has developed 3,500 multifamily units in Miami, Orlando, Jacksonville and Sunrise in addition to Fort Lauderdale. In Miami, MORGAN plans to open Pearl Dadeland, a 412-unit luxury apartment complex, later this year and recently started construction on a 20-story residential high rise in Midtown.

“Downtown and Flagler Village are merging into a single neighborhood, which has shifted the center of gravity in Fort Lauderdale north,” said MORGAN Regional Vice President Evan Schlecker. "This is evidenced by the increase in apartment units, retail offerings and transportation options. MORGAN recently purchased another site in Flagler Village where we hope to replicate the success we had with The Edge.”