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News release

Austin, TX

Market activity spurs sale of Central Texas multifamily asset

JLL Capital Markets secures sale of apartment community in Waco


Austin, January 23, 2018 – JLL's Capital Markets experts announced today the sale of Arlington Farms, a multifamily community located in Waco, Texas, on behalf of The PPA Group. TTHFD Investments, LLC acquired the 168-unit property.​​

JLL Senior Vice President Moses Siller and Managing Director Scott LaMontagne represented the seller.

"Arlington Farms is a great value-add opportunity," said Siller, who led the JLL team on the transaction. "We anticipate the property will pay tremendous dividends with the right strategic investments thanks in part to the Waco's growing economy and infrastructure. This is a great transaction for everyone involved."

Arlington Farms is located at 1800 Primrose Drive. The transaction includes approximately 15 acres on which the property is located. Onsite amenities include a swimming pool, basketball court, tennis court, clubhouse and laundry facility.

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, 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.

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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 ir.jll.com.