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News release

Philadelphia

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.​

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.

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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 www.jll.com.