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News release

SAN ANTONIO, TX

Value-Add Opportunity Drives Sale of San Antonio Multifamily Asset

JLL closes sale of Silver Rock Apartments


SAN ANTONIO, Aug. 25, 2015 - A first generation value-add opportunity ensures a promising future for ranch-style apartment complex. On behalf of Harbor Group International, JLL’s Capital Markets experts today announced the sale of Silver Rock Apartments, located on the northwest side of San Antonio. Regional Investment and Management, LLC purchased the 328-unit property. 
 
Managing Director Scott LaMontagne and Senior Vice President Moses Siller led the JLL team on the transaction.
 
“Silver Rock Apartments is strategically positioned near San Antonio’s largest employment center, high-end retail and restaurants, and medical industry leaders,” said LaMontagne. “Combined with the value-add opportunity and strong return rate, Silver Rock Apartments is a great long-term investment.”
 
Silver Rock Apartments is a Class A, ranch-style apartment community that offers resort-like amenities including a 24-hour fitness center, pool and spa, picnic area, and club room. Planned luxury amenities include  hardwood floors, upgraded appliances, track lighting kits, and washer/dry upgrades.
 
JLL 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 2014 alone, JLL Capital Markets completed $118 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,700 specialists, operating all over the globe.
 
For more news, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.
For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: http://bit.ly/18P2tkv.

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. A Fortune 500 company with annual fee revenue of $4.7 billion and gross revenue of $5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion square feet, or 316 million square meters, and completed $118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has $56.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.