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News release

San Antonio, TX

Multifamily developments pique interest of capital investors

JLL secures acquisition financing for two San Antonio apartment communities


4000 Horizon Hill

SAN ANTONIO, June 14, 2018 – JLL Capital Markets experts announced the securing of acquisition financing for two multifamily communities in San Antonio on behalf of REEP Equity. NXT Capital closed the loans for 4000 Horizon Hill and Northgate Village.

Managing Director Mark Brandenburg and Vice President CW Sheehan led the JLL team on the financing.

"Strong fundamentals are driving much of the activity and job growth we are seeing in major metro areas across Texas," said Brandenburg. "Demand for multifamily product continues to escalate and investor interest is following suit. The convenient locations of these assets in San Antonio offers great long-term investment opportunities for our client. We're thrilled to play a role in securing their financing."

4000 Horizon Hill features 273 units, three swimming pools and an on-site fitness center with immediate access to I-10 and I-410. Northgate Village consists of 264 units, a swimming pool and picnic area. Both communities are located in northwest San Antonio near the San Antonio Medical Center as well as many of the region's biggest employers.

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. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 83,500 as of March 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.