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News release


JLL arranges $115 million sale of Las Vegas multifamily portfolio

​JLL's Capital Markets experts today announced the company arranged the sale of two multifamily communities in Las Vegas on behalf of a partnership between AEW Capital Management, on behalf of one of its separate account clients, and Alliance Residential Company. LivCor purchased the portfolio, which includes Broadstone Talavera and Broadstone Flamingo West, for $115 million.

Executive Vice Presidents John Cunningham and Charles Steele led the JLL team on the transaction.

"The portfolio offered investors well-maintained, ideally located assets with value-add potential," said Cunningham. "This transaction demonstrates further institutional investment into the Las Vegas Metro market fueled by economic and employment growth."

Broadstone Talavera includes 350 units, a fitness center, two pools and a spa. It is located near a number of restaurants and retail outlets and is less than eight miles from the Las Vegas Strip. Broadstone Flamingo West features 324 units, a fitness center, two pools and a dog park area. The community is located near some of the largest employers in the area and less than seven miles from the Las Vegas Strip.

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.

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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 third quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of over 80,000. As of September 30, 2017, LaSalle Investment Management had $59.0 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