News release

REEP Equity gets financing for Chartwell Court, plans to renovate

JLL Capital Markets arranged acquisition financing for the apartments 

February 03, 2021

DALLAS, Feb. 3, 2021 – JLL Capital Markets announced today that it has arranged acquisition financing for Chartwell Court, a multi-housing property located in Houston, Texas. 

JLL worked on behalf of the borrower, REEP Equity, to originate the12-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender.

Originally built in 1995, Chartwell Court offers ample value-add opportunity for REEP Equity, who plans to renovate 40% of unit interiors and the property’s exterior. Unit upgrades ​will feature some new items to REEP's standard upgrade package, including stainless steel appliances and granite countertops. ​Other renovations include the addition of a package room with lockers; updates to clubhouse and business center/coffee bar; creation of a dog park; adding a pergola and ​grill; new furniture to the grilling and pool area; and overall enhance​ment of the landscaping around the property.

Located at 15100 Ella Blvd., the garden-style property is positioned in the popular Houston-Woodlands area. Chartwell Court has connectivity to all of Houston’s major employment centers and economic drivers – such as Pinto Business Park, George Bush Intercontinental Airport, Springwoods Village, the North Houston District and The Woodlands – via being just one mile from I-45 North. In addition, the apartments sit just three miles from Houston’s largest healthcare system, HCA Houston Healthcare’s Northwest Hospital, and various recreational activities, like the Mercer Botanic Gardens.

The JLL Capital Markets team representing the borrower was led by Senior Managing Director Mark Brandenburg and Senior Director CW Sheehan.   

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. The division employs approximately 400 professionals who provide comprehensive investment sales advisory and disposition services with access to thousands of domestic and foreign investors. JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 

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.

For more news, videos and research resources on JLL, please visit our newsroom.

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

About JLL

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 $18.0 billion in 2019, operations in over 80 countries and a global workforce of over 92,000 as of September 30, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

REEP Equity

REEP (Real Estate Equity Partners) was founded in 2015 by principals Jacob and Arleen Garza, who share over 20+ years of real estate experience. The firm is focused on acquiring under-performing, income producing, multi-family investment opportunities in Texas. REEP Equity, along with its sister company REEP Management, is solely focused on the multi-family sector to pledge incomparable commitment and service to both its residents and investors. Other in-house departments include asset management, construction, property management, cost segregation, pre- and post-disposition. Since 2015, REEP Equity has bought, sold, and managed over 2,540 units worth over $203M, with nine properties totaling 1,879 units currently in its portfolio. For more information, visit