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News release

Washington, D.C.

Jones Lang LaSalle Markets Suburban Washington, D.C. Multifamily Property for Sale

Jefferson at Orchard Pond is 747-unit apartment community in Gaithersburg, Maryland


WASHINGTON, D.C., April 25, 2011 – Jones Lang LaSalle announced today that the firm has been chosen by LaSalle Investment Management to market for sale Jefferson at Orchard Pond, a 747-unit garden apartment community located in suburban Washington, D.C.

Originally built in 1972, Jefferson at Orchard Pond has recently undergone approximately five million dollars in strategic renovations. The property is conveniently located off of the Clopper Road exit of I-270 in Gaithersburg, Maryland.
 
Leading the Jones Lang LaSalle team on this transaction are Mid-Atlantic Multifamily Managing Directors Al Cissel and Scott Melnick.

“This garden apartment community offers great appeal to investors who will be attracted by not only its proximity to our nation’s capital, but also its stable, in-place income and upside potential,” said Cissel.

Orchard Pond offers one, two and three-bedroom units, as well as a state-of-the-art fitness center, business center, tennis courts and an Olympic-size swimming pool.
 
About Jones Lang LaSalle Capital Markets

Jones Lang LaSalle 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 our clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2010 alone, Jones Lang LaSalle Capital Markets completed $43 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $33 billion in global investment sales and buy-side transactions, equating to nearly $140 million of investment trades completed every working day around the globe. In the United States, Jones Lang LaSalle grew its office broker volumes by 257 percent in 2010 and is quickly gaining market share across all property types. Jones Lang LaSalle’s Capital Markets team comprises approximately 800 specialists, operating in 185 major markets worldwide.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 60 countries from more than 1,000 locations worldwide, including 185 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with more than $41 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
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