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News release

San Antonio

JLL secures acquisition financing for two San Antonio multifamily communities


​JLL's Capital Markets experts today announced the company secured acquisition financing for two multifamily communities in San Antonio on behalf of REEP Equity. Fannie Mae provided the loans for Atrium Commons and Stratton Park.

Managing Director Mark Brandenburg and Vice President CW Sheehan led the JLL team on the financing.

"San Antonio has benefitted from recent job growth above the national average, driving demand for multifamily product near the city's major employment centers," said Brandenburg. "Both of these assets give residents convenient access to both corporate and leisure demand generators."

Atrium Commons features 256 units, a swimming pool and a two-level fitness center. The property is located minutes from the South Texas Medical Center and is close to San Antonio's premier retail centers. Stratton Park includes 127 units, two swimming pools and a picnic area. Residents benefit from close proximity to an array of retail outlets and major employers. 

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation's largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

For more, 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 content, including 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 has $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