Tuesday, December 31, 2019

JLL arranges $41 million refinancing for Decatur Point Apartments in Denver, CO

Decatur Point, a 203-unit, Class A, mid-rise multi-housing property in Denver’s Jefferson Park neighborhood

DENVER, CO – JLL announced it has arranged the $41 million refinancing of Decatur Point, a 203-unit, Class A, mid-rise multi-housing property in Denver’s Jefferson Park neighborhood.

JLL worked on behalf of the borrower, Riverpoint I, LLC, to secure the 10-year, 3.56%, fixed-rate loan through a correspondent life company lender. 

The loan featured a forward-rate lock and interest-only amortization. The property is managed by Iron River Management, LLC whose principal, Jonathan Ringham, is also the lead investor in the property.

Josh Simon
The JLL Capital Markets team representing the borrower was led by Managing Director Josh Simon.

Decatur Point is located at 2700 Decatur Street just across the river from downtown and Union Station near some of Denver’s top dining, retail, recreation and nightlife destinations. 

The property is also minutes from the Cherry Creek and Platte River trails as well Speer Boulevard and Interstate 25. 

Completed in 2017, Decatur Point comprises a mix of studio, one- and two-bedroom units averaging 775 square feet with modern finishes and amenities, including full-size washers and dryers, private balconies and designated underground parking and bike storage. 

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page: U.S. newsroom.

Deal secured by Holliday Fenoglio Fowler LP (“HFF”) prior to being acquired by JLL on July 1, 2019. Co-brokerage services provided by Jones Lang LaSalle Americas, Inc.


Olivia Hennessey
Public Relations Specialist
Jones Lang LaSalle Americas, Inc.
9 Greenway Plaza, Suite 700
Houston, Texas 77046
T +1 713 852 3403

Symmetry Companies and Troon Announce New General Manager at Talking Rock Golf Club in Prescott, AZ

Jay Frank

PRESCOTT, AZ  – Symmetry Companies and Troon announce Jay Frank as the new General Manager at Talking Rock, a high country golf clubhouse and gated master planned community in Prescott, Ariz.
Frank is a 30-year PGA member and has been the general manager of private country clubs throughout the West and Midwest during his career.
Most recently, Frank was the General Manager of the Columbus Country Club, a private club in Ohio that hosted the PGA Championship in 1964.

 He managed a complete clubhouse and golf course renovation that enabled the club to regain its prominence in the Columbus and national golf scene.
Frank has also managed properties in the west including Spurwing Country Club in Boise, Idaho; Sidney Country Club in Sidney, Montana; and The Links of North Dakota in Williston, North Dakota. 

“I am excited about joining the Talking Rock team,” Frank said. “The club is a wonderful resource for golfers at every skill level, not to mention the one-of-a-kind views. I look forward to being part of this terrific golfing facility and residential community.” 
As for plans for the future of the club, Frank sees improvements all around.
“We will focus on continuing to improve all phases of the full-service club including dining, spa & fitness, pool operations, tennis, and golf for all abilities of players,” Frank said. “I’m excited to work with the talented team that’s in place at the club and getting to know all the members and homeowners.”

Talking Rock is a high-country master-planned golf community, private and tranquil, yet only minutes from vibrant downtown Prescott, Arizona.
At the heart of this Prescott real estate community is the inviting Ranch Compound, a high-country clubhouse. Here, with its cluster of ranch structures, people meet and seek refuge for recreation, connection and comfort.


Kessa Merrill 
PR for Talking Rock