Corpus Christi multifamily property changes hands
JLL Capital Markets experts sell Parkview Apartments in Corpus Christi
SAN ANTONIO, April 17, 2019 – JLL Capital Markets experts announced the successful sale of Parkview Apartments in Corpus Christi, Texas today. The 224-unit, value-add apartment community was acquired by GVA Real Estate Group.
JLL Senior Vice President Zar Haro, Senior Vice President Moses Siller and Vice President Robert Arzola led the marketing and sales efforts on behalf the seller, Raybec Management Company Ltd.
“Our state’s continued population growth and economic fundamentals continue to propel Texas markets to the short list of perspective investors, especially for value-add opportunities like Parkview Apartment,” said Haro. “Locally, the resurgent Texas energy market is driving much of activity seen in and around Corpus Christi. Incorporating the right strategic additions and improvements to the property will allow ownership capitalize, increasing the profitability and overall value of the asset.”
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 2,400 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 annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com