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News release

SAN ANTONIO

JLL Capital Markets Announces Sale of Multifamily Asset

The PPA Group announces sale of Kenton Place Apartments


SAN ANTONIO, January 19, 2017 – On behalf of The PPA Group, JLL announced the sale of Kenton Place Apartments today. William J. Bruggeman purchased the 244-unit property in northeast San Antonio.

Managing Director Scott LaMontagne and Senior Vice Presidents Moses Siller and Zaro Haro led the JLL team on the deal.

Kenton Place Apartments are located at 14650 Nacogdoches Road. The deal includes the 13.67 acres on which the property is located. Onsite amenities include two swimming pools, a fitness center, a dog park and tennis courts.

"Kenton Place Apartments provides a great opportunity for strategic capital investments and upgrades," said LaMontagne. "San Antonio continues to be one of the hottest and economically stable markets in the nation with a continually growing metropolitan product and new job gains over the previous year."

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.

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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.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000.  On behalf of its clients, the company 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. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 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.