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News release

Dallas, TX

Growth fundamentals prompt surge of investor interest in Dallas-area multifamily product

JLL Capital Markets experts secure financing for capital improvements

DALLAS, July 10, 2018 – JLL Capital Markets experts today announced the firm has secured the financing to recapitalize The Hanger to further enhance the property with additional capital improvements. The Hangar is a 17.77-acre, 268-unit apartment community located at 201 South Clark Road in Cedar Hill, 16 miles southwest of downtown Dallas. Sound Point provided the loan for S2 Capital.

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

"S2 Capital's strategic investments in the North Texas multifamily market showcases their foresight into the long-term potential and opportunities throughout the region," said Brandenburg. "Demand for multifamily product is being driven by continued population growth and significant job gains, as new companies continue to establish themselves in North Texas, and established firms experience unprecedented organic growth."

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