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JLL secures acquisition financing for River Oaks apartments
On behalf of S2 Capital, JLL’s Capital Markets experts today announced the firm secured financing for the acquisition and rehabilitation of River Oaks apartments, a 188-unit value-add asset located in Arlington, Texas. Green Bank, N.A. provided the loan.
Executive Vice President Mark Brandenburgled the JLL team on the transaction.
“The North Arlington submarket is one of the Dallas-Fort Worth area’s most desirable multifamily markets,” said Brandenburg. “This financing allows S2 Capital to use their expertise in upgrading buildings and strengthen their Arlington portfolio with a value-add acquisition.”
River Oaks provides access to top public schools and entertainment options including the Texas Rangers’ Globe Life Park, Dallas Cowboys’ AT&T Stadium, Six Flags Over Texas and the Riverside Gold Course. Community amenities include a barbecue and picnic area, a fitness center and a swimming pool.
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.
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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.
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