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News release

Dallas

JLL secures financing for S2 Capital multifamily acquisition


​​​DALLAS, Aug. 22, 2017 – JLL's Capital Markets experts today announced the company secured acquisition financing for Mark at 2600, a 250-unit multifamily community in Arlington, Texas. LegacyTexas Bank originated the loan for S2 Capital.

Mark at 2600.jpgManaging Director Mark Brandenburg led the JLL team on the financing.

"This property benefits from a strong sponsor in S2 Capital, who has a successful and robust presence in this area," said Brandenburg. "North Arlington's multifamily market is opportunistic with occupancy over 92 percent, and it attracts a lot of interest from both investors and lenders. S2's acute knowledge of the submarket works well with S2's exceptional property renovation and operational abilities with assets like Mark at 2600."​

Mark at 2600 is a garden-style apartment community totaling 208,908 square feet with six floor plans, ranging from 718 to 1,488 square feet. The property is located near popular leisure centers, including Six Flags Over Texas and AT&T Stadium, as well as an array of restaurants and retail outlets.

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. It 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.