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News release

San Antonio

Economic Expansion Drives San Antonio Multifamily Sale

JLL completes sale of Villa Espada Apartments


​​An energy, tech and medical sector job boom continues to drive economic expansion and multifamily activity in San Antonio. On behalf of 210 Development Group, LLC, JLL’s Capital Markets experts today announced the firm completed the sale of Villa Espada Apartments. Windmill Investments purchased the Class A, 240-unit asset, which is located in the Mission del Lago neighborhood of San Antonio.

Managing Director Scott LaMontagne and Senior Vice President Moses Siller led the JLL team on the transaction.

“The south side of San Antonio has a very limited number of Class A multifamily assets,” said LaMontagne. “As the area’s first market-rate asset, Villa Espada Apartments exemplifies the tremendous economic growth happening there. Villa Espada’s high-quality amenities and location next to the interstate position it to draw strong leasing interest.”

Added Windmill Investments CEO Daniel Carter, “Villa Espada will benefit from growth on the Southside and is the ‘best in class’ property in the immediate area. JLL made the acquisition process smooth and we look forward to working with them on our next transaction."

Built in 2015 and located 1.5 miles south of Interstate 410, Villa Espada Apartments is comprised of 11 three-story buildings. Community amenities include a pool with a tanning ledge and hammocks, a 24-hour fitness center, a clubhouse, a pet park, a fire pit and a barbecue area. In-unit amenities include patios or balconies, walk-in closets and nine-foot ceilings.

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.

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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 $5.2 billion and gross revenue of $6.0 billion, JLL has more than 280 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 $59.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visitwww.jll.com.