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News release

JACKSONVILLE, Fla.

JLL secures acquisition financing for Florida multifamily complex


​JLL's Capital Markets experts today announced the company secured acquisition financing for Casa Del Rio, a 458-unit multifamily community in Jacksonville, Florida. JLL originated the loan for S2 Capital, with financing by Freddie Mac.​

Managing Director Mark Brandenburg led the JLL team on the financing.

"Casa Del Rio has all of the characteristics buyers look for in multifamily product, including desirable location, good physical structure and floor plans, and room to increase rents," said Brandenburg. "This property offered tremendous value-add potential through the sponsor's proven plan to renovate common areas and upgrade unit interiors, while more efficiently operating the property."

Casa Del Rio is a two-story garden-style apartment complex overlooking the St. John's River. It is located in Jacksonville's University Park neighborhood and offers convenient access to the Arlington Expressway and I-295 Beltway Loop.

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. With access to thousands of domestic and foreign investors, our team of over 200 professionals provides comprehensive investment sales and dispositions services. JLL is also one of the nation's largest multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

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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 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.