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Jones Lang LaSalle Closes $40M Sale of Orange County Apartment Complex

Constrained supply and high barriers to entry attract variety of investors

LOS ANGELES, March 18, 2014 — On behalf of Carmel Partners, Jones Lang LaSalle’s (JLL) Capital Markets experts today announced the sale of Briarwood Square, a 194-unit multifamily property located in the Stanton submarket of Orange County. A & M Properties purchased the asset for $40 million.

Managing Director Joe Leon and Vice President Javier Rivera led the JLL team on the transaction.

“Briarwood Square sits in the heart of Orange County – one of the most desirable housing markets in the country,” said Leon. “It is a well-maintained institutional asset that presents a strong value-add opportunity.”

The building is located at 7545 Katella Ave. along the Katella Commercial Corridor: a 10-mile stretch featuring numerous retailers, office spaces and entertainment venues such as Disneyland. The property is 95 percent occupied and units may feature large living areas, walk-in closets and private balconies and patios. Complex amenities include a fitness center, three swimming pools, a playground and a barbeque and gazebo.

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 JLL
JLL (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 $4 billion, JLL operates in 75 countries worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate assets under management. For further information, visit