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S2 Capital acquires North Texas apartment community
Dallas, January 12, 2018 – JLL's Capital Markets experts today announced the company secured acquisition financing for Oakland Hills Apartments, a 332-unit multifamily community located at 807 Heights Drive in Fort Worth, Texas. Benefit Street Partners provided the loan for S2 Capital.
JLL Capital Markets Managing Director Mark Brandenburg led the team on the effort.
"Multifamily assets in North Texas are extremely attractive to investors right now given the level of job growth and strong economic fundamentals of the region," said Brandenburg. "As more companies make their way to Dallas-Fort Worth, demand for these types of product will continue to increase. We are thrilled to provide a financing solution for S2 Capital, and look forward to continuing our successful partnership."
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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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 ir.jll.com.
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