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DWO Enterprises sells The Parker
SAN ANTONIO, August 16, 2017 – On behalf of Forge Partners, formerly DWOLV, LLC, JLL announced today the sale of The Parker Apartment Homes in San Antonio to a private Austin-based multifamily investor.
Managing Director Scott LaMontagne, Senior Vice President Moses Siller and Senior Vice President Zar Haro led the JLL team on the deal.
The Parker is located at 6600 Fairdale Drive in northeast San Antonio near major highways Interstate 35 and Loop 410. The 202-unit property offers a swimming pool, dog park, two on-site laundry facilities and a business center.
"The Parker is a tremendous value-add asset for the investor," said LaMontagne. "Strong economic fundamentals and significant growth in San Antonio provide great upside for the property with the right strategic additions. We’re thrilled to facilitate this transaction."
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.
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About JLLJLL (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 ir.jll.com.
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