S2 Capital acquires Dallas-area multifamily asset
JLL Capital Markets secure acquisition financing
DALLAS, July 23, 2019 – JLL Capital Markets experts announced they have secured the acquisition financing for Cypress Club Apartments in Arlington, Texas today. The 272-unit apartment community, located at 2004 Sherry Street, 20 miles west of Dallas, was acquired by S2 Capital. Freddie Mac provided the financing.
JLL Managing Director Mark Brandenburg secured the acquisition financing on behalf of S2 Capital
“There is absolutely no denying the substantial investor interest and the influx of capital pouring into multifamily properties here in North Texas,” said Brandenburg. “The level of growth we’ve been experiencing over the last decade is unprecedent and unlike anything happening across the US, cementing our place on the shortlist for investors interested in just about all product types over the last several quarters. Likewise, S2 Capital has utilized this growth to earn themselves one of the fastest growing companies in America.”
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. 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. 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 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.