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News release

DALLAS, TX

‘Live, Work, Play’ Environment Lures Renters, Investors to Dallas

JLL secures acquisition and bridge financing for multifamily property, Forest Ridge


DALLAS, Oct. 26, 2015 – On behalf of S2 Capital, LLC, JLL’s Capital Markets experts today announced the firm has secured a bridge, acquisition and repositioning financing facility for Forest Ridge, a 660-unit multifamily property located in the Dallas suburb of Arlington, Texas. Realty Finance Trust provided the loan, part of which will be used to execute an extensive renovation of the property.
 
Executive Vice President Mark Brandenburg led the JLL team on the financing efforts. Taylor Snoddy with Transwestern represented the buyer in conjunction with JLL Capital Markets.
 
“The Dallas region continues to add jobs, which is fueling renter and investor demand,” said Brandenburg. “Forest Ridge is poised to capitalize on planned upgrades to its units and common areas to better utilize its locational advantage that provides the ‘live, work, play’ dynamic that drives so much of the multifamily sector’s momentum.”
 
Forest Ridge is located near the area’s employers, shopping and entertainment venues, the Texas Rangers stadium and the AT&T Stadium. Community amenities include a dog park, two hydrotherapy spas, clubhouse, lounge, fitness center, sundeck, picnic area and business center.
 
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.
 
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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. 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.