JV equity arranged for Belleview Station apartments
JLL Capital Markets arranged the funding for the multi-housing property, part of the greater Belleview Station mixed-use community development project in Denver
JLL represented the developer, Trammell Crow Residential, the multi-housing development company of Crow Holdings, in arranging the joint venture equity to fund the development of the 17-story, high-rise multi-housing property with 7,000 square feet of ground-floor retail.
Located at 4882 S. Newport St. in the Denver Tech Center neighborhood, the property will be a part of the greater master-planned Belleview Station; a 55-acre, mixed-use development consisting of 2.2 million square feet of Class A office space, 300,000 square feet of retail, two hotels and five parks.
The JLL Capital Markets team representing the developer was led by Managing Director Mark Erland and Senior Managing Director Josh Simon.
“The community will provide the Denver Tech Center with its first luxury high-rise multi-housing project, which will provide views and an amenity experience that will be unique in the submarket,” said Erland.
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 advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Trammell Crow Residential
Founded in 1977, Trammell Crow Residential (TCR) is one of the largest developers of multifamily real estate in the U.S. Focused on developing premier, amenity-rich multifamily communities in economically thriving locations, TCR has delivered nearly 260,000 residences. TCR is part of the development platform of Crow Holdings, a privately-owned real estate investment and development firm with a 70-year history and a strong track record of performance, partnership and innovation. For more information, please visit www.crowholdings.com/tcr.