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News release

LAS VEGAS

JLL completes sale of Veritas Apartments in Las Vegas


LAS VEGAS, August 2, 2017 – JLL's Capital Markets today announced the company completed the sale of Veritas Apartments in the Las Vegas suburb of Henderson, Nevada. JLL represented the seller, Monogram Residential Trust. Farnam Realty, Inc. bought the 430-unit, Class A multifamily building.

Executive Vice Presidents John Cunningham and Charles Steele led the JLL team on the sale.

"Las Vegas' apartment market continues to gain traction with investors as job growth and economic expansion remain ahead of the majority of the country," said Cunningham. "Veritas is located within an affluent suburb that benefits from this growth, and offers residents an extremely attractive living environment."

Veritas is located in Henderson, one of Nevada's premier residential communities which boasts a diverse economic base that extends from healthcare to professional and business services. Residents also have access to more than 5.3 million square feet of retail space within a three-mile radius of the building, and immediate access to St. Rose Hospital.

Veritas Apartments, which was completed in 2010, offers one-, two- and three-bedroom units. The building features four swimming pools, a covered patio with an outdoor kitchen, barbecue grills, a fitness center with a yoga room, and a clubhouse with gaming room and cyber café.

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 $145 billion. At the end of the second quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of nearly 80,000. As of June 30, 2017, LaSalle Investment Management had $57.6 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.