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News release

Washington, DC

Loans Secure Future for Virginia Apartment Communities

JLL secures $45 million and $20 million in refinancing for Virginia properties

WASHINGTON, DC, April 24, 2017 – On behalf of A.J. Dwoskin & Associates, JLL's Capital Markets experts today announced the firm secured $45 million for the refinancing of Tysons Glen, a 21-building, 343-unit apartment community in Falls Church, Virginia. Affiliates of institutional advisor Hartford Investment Management Company (HIMCO) provided the 25-year, fully amortizing loan with a rate of 4.25 percent.

JLL also secured $20 million in refinancing for Stuart Woods Phase I, a 240-unit, 12-building apartment community located in Herndon, Virginia. Affiliates of HIMCO provided the 20-year fully amortizing loan with a rate of 4.01 percent.

Executive Vice President Shawn McDonald​ and Vice President Anthony Hebenstreit​ led JLL on both financings.

"These loans show the continuation of a strong trend," said McDonald. "HIMCO sees value in providing capital for cost-conscious housing in areas where multifamily demographics are strong. A.J. Dwoskin is an experienced sponsor  who has owned these properties for a long time, which gave the lender security they needed to make these loans."

Located just off Interstate 495 and Dulles Access Road respectively, Tysons Glen and Stuart Woods Phase I provide residents access to employment hubs in Northern Virginia, where several of the government's largest contractors are headquartered.

Amenities for Stuart Woods include a club room, communal patio with grills, and a swimming pool.  Each unit has a private patio or balcony. Amenities for Tysons Glen include a fitness center, a clubhouse, an outdoor grilling area 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 2016 alone, JLL Capital Markets completed $145 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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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 $145 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