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News release

San Antonio, TX

JLL announces sale of boutique apartment community in San Antonio

Market growth spurs sale of value-add asset


San Antonio, January 29, 2018 – On behalf of Vergara Properties One, LLC, JLL announced the sale of Hamilton Place in north central San Antonio today. JMB Group purchased the five building, 77-unit, Class B apartment community. ​​

Senior Vice President Moses Siller led the JLL team on the transaction.

"The San Antonio market is experiencing tremendous growth, creating great value-add opportunities for investors like Hamilton Place," said Siller. "The property provides great upside and will surely benefit from the right strategic additions. Our team is thrilled to assist with this transaction."

Hamilton Place is located at 1622 and 1650 Jackson Keller Road in San Antonio near North Star Mall and the Alamo Quarry. The property is also situated near major highways Interstate 410, Interstate 10 and US 287. The deal includes the 2.02 acres on which the property is located. Onsite amenities include a swimming pool, new laundry facility and dog park.

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.

For more content, including 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 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.