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News release

San Antonio, TX

JLL Capital Markets secures financing, sale of San Antonio multifamily asset

Interest in multifamily assets driven by projected growth and economic fundamentals

San Antonio, April 16, 2018 – JLL's Capital Markets experts today announced the firm has successfully secured the acquisition financing for a San Antonio apartment community on behalf of Achieve Investment Group. The group has acquired Villa de Oro, a 150-unit multifamily community in southwest San Antonio.

JLL Capital Markets Vice President CW Sheehan led the team on the financing effort. JLL Senior Vice President Moses Siller led the sales effort on behalf of the seller.

"Population growth and job gains in the region have made multifamily assets extremely attractive to investors," said Sheehan. "There's tremendous upside in value-add products like Villa de Oro. The buyer is poised to capitalize on this investment. Our team is thrilled to play a role in making this deal happen."

Villa de Oro, located at 130 Camino De Oro, consists of eight three-story buildings spread out across 5.09 acres. The garden-style community includes a centrally located courtyard, clubhouse, grilling area, swimming pool and onsite playground.

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 2017 alone, the firm's 2,000 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.

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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