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News release

Austin, TX

Economic fundamentals in Central Texas generate investor interest in multifamily asset

JLL Capital Markets secures financing for Round Rock apartment community


Austin, April 3, 2018 – JLL's Capital Markets experts today announced the firm has secured the financing for Rock 35, a 112,952 square foot, 144-unit multifamily community, located at 1500 S Interstate 35 in Round Rock, Texas, about 19 miles north of Austin. Freddie Mac provided the loan for Frontline Holdings.

JLL Capital Markets Managing Director Mark Brandenburg led the team on the effort.

"Multifamily properties in Central Texas are drawing the attention of investors everywhere as new jobs and companies enter the Austin market," said Brandenburg. "We're proud to have successfully secured the financing solution for Rock 35. Job gains coupled with the state's strong economic fundamentals are driving the area's population growth. Frontline Holdings' tremendous foresight has placed them in a great position to capitalize on this investment."

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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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 2017, JLL had revenue of $7.9 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.