$26.78M financing secured for suburban Atlanta build-to-rent development
JLL Capital Markets closed the construction financing for the 139-home Rosebud Place in Loganville, Georgia
HOUSTON, Sept. 6, 2023 – JLL Capital Markets announced today that it has closed the $26.78 million construction financing for Rosebud Place, a Class A 139-home community located at 2882 Rosebud Road in the Atlanta suburb of Loganville.
JLL represented the sponsor, a joint venture between Landeavor and LAMB Properties to secure the five-year, floating-rate loan through a regional bank.
Rosebud Place will include three- and four-bedroom homes, ranging from 1,833 to 1,854 square feet, and will feature stainless steel appliances, in-home washers and dryers and attached two-car garages. Community amenities will include a resort-style pool, a large dog park, a children’s play area and walking trails.
The community is located within the highly desirable Grayson School District, with top-rated elementary, middle and high schools. Additionally, the property sits near Atlanta’s most active industrial submarket, I-85 Northeast.
The JLL Capital Markets Debt Advisory team was led by Managing Director Matthew Putterman, Senior Managing Director Danny Kaufman, Managing Director Chris Knight and Director Ware Shipman.
“We are thrilled with the partnerships we’ve created to finance and build Rosebud Place,” said Adam Lorry, Managing Principal of Landeavor. “This best-in-class rental community will provide an amenity-focused backdrop for renters seeking a single-family home in the coveted Grayson School District.”
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 investment and sales advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
Landeavor, LLC, is a residential real estate investment and development company operating in eight markets throughout the Southeastern United States. Formed in 2007, Landeavor executives have nearly six decades of combined experience acquiring and developing master-planned communities on behalf of institutional private equity fund managers including Westbrook Partners, Cross Lake Partners and Walton Street Capital. This deep experience base encompasses more than 75 planned communities with a total capitalization exceeding $5 billion.