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News release

Dallas, TX

Regional growth springs sale of value-add multifamily asset

JLL successfully negotiates sale of Diamond Loch


2Front and Side of Building.jpgDallas, October 26, 2017 – JLL's Capital Markets experts today announced the sale of Diamond Loch, a multifamily asset located in North Richland Hills, Texas, on behalf of 6100 Glenview Drive, LLC. California Capital Real Estate Advisors, Inc. purchased the 138-unit, value-add property located north of Fort Worth. 

Managing Director Scott LaMontagne, Senior Vice President Zar Haro, Senior Vice President Moses Siller and Vice President David Fersing led the JLL team on the transaction.

"Diamond Loch is very attractive multifamily investment in a region experiencing tremendous growth," said LaMontagne. "With its amenities and great connectivity to all of Dallas-Fort Worth, the property is well positioned to increase in value with the right strategic investments, capital improvements and future rent growth."  

According to JLL Research, Dallas-Fort Worth added almost 110,000 jobs in the last year, maintaining its position as a consistent top five job generating market in the US.

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 jll.com.