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News release

AUSTIN

JLL Capital Markets Closes Sale of Texas Multifamily Property

Proceeds from sale to be donated to UCLA


AUSTIN, February 20, 2017 – JLL announced the sale today of the Brentwood Apartments in Temple, Texas. RDO Properties, LLC purchased the 128-unit, garden-style multifamily asset from the Estate of Leonard Apt.

Proceeds from the sale will be donated to the Jules Stein Eye Institute at UCLA's Department of Pediatric Ophthalmology.

Managing Director Scott LaMontagne and Senior Vice Presidents Moses Siller and Zar Haro with JLL Capital Markets represented the seller.

"Brentwood Apartments provides the buyer a great opportunity to invest and capitalize on capital improvements to the property and growth in the region," said LaMontagne. "We're thrilled to play a role in coordinating this transaction."

The Brentwood Apartments are located at 3000 West Adams in Temple, Texas. The deal includes the 12.8 acres on which the property is located. Onsite amenities include a swimming pool, a clothing care center and ample covered parking.

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 leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At year-end 2016, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 77,000. As of December 31, 2016, LaSalle Investment Management has $60.1 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.