News release

Fountain Residential Partners secures a commitment in co-GP equity from FrontRange Capital

JLL Capital Markets arranged GP equity placement for FRP’s growing pipeline of student housing developments 

December 05, 2023

Jenna Sharp

Capital Markets PR
+1 214 438 6450

DALLAS, Dec. 5, 2023 – JLL Capital Markets announced today that it has arranged a commitment in programmatic co-GP equity for Fountain Residential Partners’ (“FRP”) growing pipeline of planned and future student housing developments.

JLL represented FRP and secured the equity commitment from FrontRange Co-GP Property Fund, an affiliate of FrontRange Capital. FrontRange Capital is a real estate private equity firm that focuses on strategic partnerships with leading middle-market real estate companies.

Dallas-based Fountain Residential Partners specializes in the development of purpose-built student housing located across national markets, and since 2010, FRP has developed nearly 7,400 beds with a total valuation of over $1 billion.

FRP has a current development pipeline planned for seven projects, totaling more than 3,200 beds, near premier university campuses in strategic growth markets across the United States. The deliveries of these Class A student housing communities are projected to deliver in the 2026 timeframe.

The JLL Capital Markets team that represented FRP was led by Senior Managing Director Jeremy Sain, Managing Director Teddy Leatherman, Associate Ryan Pollack and Analyst Danielle Rice.

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 sales and 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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About JLL

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 $20.8 billion and operations in over 80 countries around the world, our more than 106,000 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

About Fountain Residential Partners

Fountain Residential Partners is a privately held development and asset management company specializing in luxury, mixed-use, and affordable apartment homes in university and collegiate markets across the United States. Specializing in student housing since 2001, the principals of FRP have completed over $2 billion in new student housing construction across the country. For more information, please visit

About FrontRange Capital 

FrontRange Capital is a real estate private equity firm specializing in strategic partnerships with leading middle-market real estate companies. FrontRange provides both the capital and operational expertise for management teams to further institutionalize their businesses and execute their growth plans. FrontRange strives to serve its investors by being a partner of choice for real estate owners and operators, with investment opportunities and financial terms that reflect the value they bring to each relationship. For more information, please visit