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News release

WASHINGTON, D.C.

Jones Lang LaSalle Markets Exceptional Multifamily Asset for Sale in Suburban D.C.

Bent Tree is strong performing asset in nation’s best performing apartment market


WASHINGTON, D.C., Nov. 7, 2011 — Jones Lang LaSalle today announced the firm’s Capital Markets experts have been hired to market Bent Tree for sale in suburban Washington, D.C.  The 748-unit, 660,543-square-foot, Class A garden community is located in Centreville, Virginia.  Leading the Jones Lang LaSalle team on this transaction are Managing Directors Al Cissel and Scott Melnick.  Executive Vice President Shawn McDonald is providing financing expertise.

“Bent Tree has undergone three consecutive waves of renovations in the past eight years, which have significantly increased rental rates,” said Cissel.  “Those upgrades, combined with an unparalleled location, make Bent Tree an exceptional asset in the nation’s best performing apartment market and should prove extremely compelling to a wide array of investors as they continue to seek stable, well located quality assets in core markets.”

Bent Tree is situated on nearly 41 acres of land near the convergence of Route 29, Route 28 and Interstate 66 at 13630 Bent Tree Circle.  The apartment community consists of 15 residential buildings, a renovated clubhouse and a wide variety of upgraded apartments. 

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 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. The firm’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 70 countries from more than 1,000 locations worldwide, including 200 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 $47.9 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.