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Regional growth prompts investor interest in multifamily development
Fort Worth, February 26, 2018 – JLL's Capital Markets experts today announced the company secured development construction financing for Grand on Beach Apartments, a 302-unit multifamily community located at the intersection of Northern Cross and Beach Street in Haltom City, Texas near Fort Worth.
Endeavor Real Estate Group provided the loan for the developer, Copeland Commercial. The JLL Capital Markets team arranging the loan was led by Executive Vice President Curtis Jaggars.
"North Texas has seen tremendous job and population growth, driving the demand for multifamily assets across the region," said Jaggars. "This new development is positioned to capitalize by delivering convenient access to major highways, regional employment hubs and abundant amenities."
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 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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