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Regional growth and economic fundamentals spark capital improvements to asset
DALLAS, July 9, 2018 – JLL's Capital Markets experts today announced the firm has secured the financing for The Hive, a 386-unit multifamily property, located at 6003 Abrams Road in Dallas. Freddie Mac provided the loan for S2 Capital.
JLL Capital Markets Managing Director Mark Brandenburg led the team on the effort.
"Continued growth across the Metroplex is attracting investment activity across all classes in the region, especially multifamily assets," said Brandenburg. "Recent job gains over the past few years in North Texas and our state's economic drivers have put S2 in a great position to benefit long-term on this asset, thanks in part to the financial solution we were able to secure for their team. We're thrilled to play a role in helping them achieve their ambitions."
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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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.
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