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News release

SAN ANTONIO

JLL Capital Markets Completes Sale of San Antonio Multifamily Asset

210 Development Group sells Peanut Factory Lofts


SAN ANTONIO, January 23, 2017 – On behalf of 210 Development Group, LLC, JLL announced today the sale of Peanut Factory Lofts in downtown San Antonio. Windmill Investments, LLC purchased the 102-unit, newly constructed Class-A property.

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

Peanut Factory Lofts are located at 939 South Frio Street near San Antonio's historic Market Square and Brackenridge Park, as well as popular, downtown attraction Rivercenter Mall. The deal includes the 3.37 acres on which the property is located. Onsite amenities include a fitness center, a dog park, and two resort-style pools.

"Peanut Factory Lofts provides a terrific opportunity for the investor," said LaMontagne. "There is tremendous growth and investment in downtown San Antonio, providing fantastic upside and opportunities for value additions."

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.  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.