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News release

TAMPA, FL

Job Growth Encourages Multifamily Renters and Investors

JLL closes sale of Camden Providence Lakes in Tampa suburb


TAMPA, Fla., Nov. 3, 2015 – On behalf of Camden USA, JLL’s Capital Markets experts today announced the firm has closed the sale of Camden Providence Lakes, a 260-unit multifamily property located in the Tampa suburb of Brandon, Florida. Roseview Winn Brandon, LLC purchased the asset.
 
International Director Jubeen Vaghefi and Managing Directors Jeff Morris, Denny St. Romain and Matt Wilcox led the JLL team on the transaction.
 
“Employers are headed to the Tampa region and we’re seeing renters and investors follow,” said Vaghefi. “Multifamily assets in the area are performing well and given the market’s fundamentals, especially the job growth, there is plenty of room to run.”
 
The community is a garden-style apartment complex located east of downtown Tampa and near the area’s commercial corridors, highway system, recreational offerings and renowned schools. Community amenities include a resort-style swimming pool, fitness center, dog park and lounge.
 
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. 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 $57.2 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.