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News release

Chicago

Brookfield buys big with TA Realty portfolios

JLL completes $854.5M sale of national office and industrial portfolios; secures $475.5M in financing


CHICAGO, May 17, 2017 –JLL's Capital Markets experts completed the sales of a 37-asset, 7.6 million-square-foot national logistics portfolio and a nine-asset, 1.1 million-square-foot diversified office portfolio. They also secured $475.5 million in acquisition financing.

Brookfield-sponsored private equity funds purchased both portfolios from TA Realty LLC for a total of $854.5 million. The transactions include assets across 12 states in key metro areas including Chicago, Dallas, Los Angeles and Washington, DC.

The combination of key locations, strong tenancy and diverse asset types gives the portfolio a low-risk income profile providing stability over the near term.

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 $136 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 the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 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.