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News release

ATLANTA, GA

Jones Lang LaSalle Closes the Sale of 396-Unit Multifamily Community in Historic Roswell

Suburban Atlanta multifamily market remains strong with expected rental growth


ATLANTA, May 15, 2013 — Jones Lang LaSalle’s Capital Markets experts today announced the firm has closed the sale of Chattahoochee Landing, a 396-unit apartment community on a 28.51-acre site overlooking the Chattahoochee River in Historic Roswell for an institutional owner.  The Carroll Organization purchased the complex.

Managing Directors David Gutting and Derrick Bloom led the Jones Lang LaSalle team on this transaction.

“Chattahoochee Landing is the only apartment community located within walking distance of both Historic Roswell and the Chattahoochee River. Its ideal location within the city of Roswell made it a prime investment opportunity for the new ownership,” said Gutting.

“With no new competitive supply in the pipeline, the community is a value-add opportunity offering significant upside potential as the area continues to experience rapid organic rental growth,” said Bloom.

Chattahoochee Landing is located at 100 Chattahoochee Circle in Roswell, less than two miles from GA-400, minutes from Atlanta’s Perimeter Center/Dunwoody submarket and near a network of running and biking trails, dog parks, children’s play areas and outdoor pavilions.  Apartments in the complex feature large open floor plans, kitchen through-ways, den/study and large patio/balcony area.  It was built in 1969.

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 2012 alone, Jones Lang LaSalle Capital Markets completed $63 billion in investment sale and debt and equity transactions globally. The firm’s dealmakers completed $60 billion in global investment sales and buy-side transactions, equating to nearly $240 million of investment trades completed every working day around the globe. The firm’s Capital Markets team comprises more than 1,300 specialists, operating all over the globe.

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About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $47.7 billion of real estate assets under management. For further information, visit www.jll.com.