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News release

Orlando, FL

Jones Lang LaSalle Markets CORE Multifamily Property in Orlando

Class A property known as Osprey Links at Hunter’s Creek offers 424-units


ORLANDO.  JUNE 21, 2010 — Jones Lang LaSalle’s Florida-based Multifamily Group has been hired to market a CORE, Class A, garden-style apartment community known as Osprey Links at Hunter’s Creek in Orlando.

Leading the Jones Lang LaSalle team on this transaction are Managing Directors Jeff Morris and Jubeen Vaghefi, with Executive Vice President James Tramuto and Vice President Steve Echelson.

“Osprey Links is located in one of Orlando’s most successful master-planned communities and just 10 to 15 minutes away from the city’s tourist mecca,” said Morris.  “We expect this property to appeal to a wide range of investors who see the value in this community’s solid long-term growth fundamentals as well as the potential to capitalize on renter demand for quality, newly renovated product.”

Between 2004 and 2007, the property underwent extensive renovations including complete re-skinning, new roof coverings, new windows, upgraded countertops and screened-in balconies, among others. The 424-unit property, located at 13931 Osprey Links Road, offers more than 13 million square feet of retail within five miles.  The complex is currently 93 percent occupied.   The Hunter’s Creek community offers numerous lakes, parks, recreational trails, and golf course, as well as a public elementary and middle school.  

About Jones Lang LaSalle Capital Markets

Jones Lang LaSalle 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 its clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In the last three years, Jones Lang LaSalle Capital Markets completed more than $143 billion transactions globally. The firm’s Capital Markets team comprises approximately 1,500 specialists, operating in 180 major markets worldwide.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2009 global revenue of $2.5 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.  The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.6 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with approximately $40 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com.