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News release

New York

JLL secures $22.25M loan for first mortgage of The Castle

NEW YORK, Nov. 27, 2017 – JLL's Capital Markets experts today announced the firm secured $22.25 million for first mortgage of The Castle, a 120-unit highly amenitized mid-rise apartment community in Port Chester, New York. JLL represented institutional investors advised by JP Morgan Asset Management-Real Estate Americas. SunTrust Bank provided the three-year loan, which carries two one-year options.

Executive Managing Director Michael Melody and Managing Director Kellogg Gaines led the JLL team on the financing.​

The Castle is located in the heart of downtown Port Chester, making it a walkable and transit-oriented property ideal for tenants looking to enjoy the town's retail and dining amenities. Additionally, it's only a 42-minute Metro-North train ride to Midtown Manhattan. The apartment community includes a 24-hour fitness center, a rooftop lounge with grills, a private theater, a business center with a conference room and a clubroom with bar and lounge seating, flat screen televisions and a pool table.

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 $145 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 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