Skip Ribbon Commands
Skip to main content

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.

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.

-Ends-

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 www.jll.com.