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| Nicole Fontaine |
AUSTIN, TX – JLL
Capital Markets announced it has closed the sale of and arranged
acquisition financing for The Remington, a 200-unit, garden-style
multi-housing community in the central Texas city of Killeen, Texas.
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| The Remington, a 200-unit, garden-style multi-housing community in the central Texas city of Killeen, TX |
JLL marketed the property on behalf of the
seller, NALS Apartments Homes. JLL worked on behalf of GPI Real Estate Opportunity
Fund to originate the Fannie Mae loan. The loan will be serviced by JLL
Real Estate Capital, LLC, a Fannie Mae DUS lender.
 |
| Sean Sorrell |
Select
units feature a full-size washer and dryer, upgraded faux wood flooring and
wood-burning fireplace. Community amenities include a seasonal swimming pool
and sundeck, fitness center, off-leash dog park, car wash area, barbeque
grills, business center and laundry facility.
Located at 1001 North Twin Creek Dr., The
Remington is approximately 60 miles north of Austin, 50 miles southwest of
Waco and 10 miles southwest of Temple in central Texas.
 |
| Steven Hahn Jr. |
Just 15 minutes from the property is Killeen’s western neighbor, Fort Hood, the largest U.S. Army base in the world.
There are currently 45,000 military personnel
assigned to Fort Hood, with a civilian workforce over 20,000.
Other major employers in the
Killeen-Temple-Fort Hood MSA include the Scott & White Memorial Hospital,
McLane Company, Killeen ISD, Texas A&M University-Central Texas, Metroplex
Health System, City of Killeen, Atmos Energy, Westar Aerospace, Bell Glass, L-3
Communications, Pactiv Corporation and Wilsonart International.
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| Art Barnes |
The JLL Capital Markets Debt Placement
team representing the borrower was led by Senior Director CW Sheehan and
analysts Matthew Ctvrtlik and Scott Dickey.
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.
 |
| Ryan McBride |
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 GPI Real Estate Opportunity Fund
GPI
Real Estate Opportunity Fund is a private equity real estate investment fund
focused on acquiring value-add and distressed assets.
 |
| Joe Dowdle |
The
Fund is sponsored by GPI Capital which has over 12 years of experience in
commercial real estate investment.
GPI
Capital has invested in over 6,900 units of multifamily properties, one full-service
hotel and three student housings.
Headquartered
in Houston, Texas, GPI Capital is a vertically integrated real estate
investment and management firm with complex understandings of acquisitions,
asset management, and property management.
 |
| Sam Nichols |
NALS Apartment Homes is a fully integrated real estate investment firm engaged in the acquisition, ownership, management, and rehabilitation of multifamily apartment communities.
Headquartered in Santa Barbara, Calif., NALS owns and manages over 15,000 apartment homes geographically dispersed across 15 different markets.
About JLL
JLL (NYSE: JLL) is a leading professional
services firm that specializes in real estate and investment management.
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| CW Sheehan |
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 92,000 as of June 30,
2021.
JLL
is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated.
CONTACT:
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PR, Capital
Markets
JLL
T +1 602 648 8701
M +1 408 318 8021
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