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News release


Multifamily Value-Add is Viable Investment Option

JLL closes $65 million sale of Madison Hunt Club

PHILADELPHIA, Oct. 27, 2015 – On behalf of Equus Capital Partners, JLL's Capital Markets experts today announced the firm has closed the sale of Madison Hunt Club, a 320-unit multifamily property located in the Philadelphia suburb of North Wales, Pennsylvania. Paradise Properties purchased the asset for $65 million.

Senior Vice President Erin Miller led the JLL team on the transaction.

"Madison Hunt Club offers a top-of-the-line amenity package, outstanding layouts, a low density site and  in irreplaceable neighborhood setting, all of which appeal to the renting community," said Miller. "The strong market and property fundamentals, paired with the value-add potential, attracted significant investor interest."

Madison Hunt Club is located in close proximity to the area's best retail, including a Whole Foods and Trader Joe's, and near the region's highway system, providing connectivity to the area's major employment hubs. Community amenities include a resort-style swimming pool with a sundeck and lounge area, clubhouse, fitness center, tennis and basketball courts, car care center, playground and picnic areas and walking trails.

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. 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