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News release

DALLAS, TX

Value-Add Opportunity Spurs Dallas Multifamily Financing

JLL secures acquisition financing for Summit View Apartments


DALLAS, April 18, 2016 – Strong multifamily demand continues to drive investment activity, especially in markets with consistent job growth. On behalf of S2 Capital, JLL’s Capital Markets experts today announced the firm secured acquisition financing for Summit View Apartments, a 167-unit complex located in Fort Worth, Texas. Green Bank, N.A. provided the loan.

Executive Vice President Mark Brandenburg led the JLL team on the transaction.

“With below-market rents, recent renovations and southwest Fort Worth’s steady pattern of growth in the last several years, Summit View Apartments represents a tremendous value-add opportunity for our client,” said Brandenburg.

Located in the Intown Fort Worth/University submarket, Summit View Apartments provides tenants easy access to five main thoroughfares, including the Chisholm Trail Tollway, which now directly connects to the Fort Worth Central Business District and major employment hubs.

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 2015 alone, JLL Capital Markets completed $140 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 2,000 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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 230 corporate offices, operates in more than 80 countries and has a global workforce of more than 60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment management business, LaSalle Investment Management, has $56.4 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.