Freddie Mac financing lined up for Fort Worth, TX multi-housing community

 

Monticello Apartments, a newly renovated,
1970-vintage, 116-unit, multi-housing
community in Fort Worth, TX

DALLAS, TX –  JLL Capital Markets has arranged acquisition financing for Monticello Apartments, a newly renovated, 1970-vintage, 116-unit, multi-housing community in Fort Worth, Texas. Loan details were not disclosed.

John Brownlee

JLL worked on behalf of the borrower, Price Realty, to secure the five-year, fixed-rate financing through Freddie Mac. The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.

  

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director John Brownlee, Director Bo Beidleman, Associate Blake Morrison and Analyst Aaron Craig.

Monticello Apartments is located at 154 North Bailey Ave. just off of State Highway 199 in the Intown Fort Worth / University submarket. The property has outstanding access to several major thoroughfares, including Interstates 30 and 35, and is close to some of Fort Worth’s largest employers, including Lockheed Martin and Fort Worth ISD.

Bo Beidleman

Additionally, Monticello Apartments is surrounded by a collection of lifestyle amenities, including Montgomery Plaza, The River District, Fort Worth Convention Center, Sundance Square and The Dickies Arena.

 

The property consists of 22 two-story apartment buildings with 56 one-bedroom and 60 two-bedroom units, averaging 952 square feet each. Units feature walk-in closets, patios or balconies, washer/dyers, stainless steel appliances and air conditioning.

 

 Monticello Apartments also offers on-site amenities, including a swimming pool, laundry facility, covered parking and on-site management and maintenance.

 JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 Blake Morrison

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. 

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

 

 

 Contact: 

 

 Kristen Murphy

Director, Public Relations

JLL

One Post Office Square, Suite 1100

Boston, MA 02109

617-543-4873

 

Hold-Thyssen Completes Long-Term Lease Agreement with Growing Real Estate Law Firm in Downtown Winter Park, FL

Jessica Hallgren

WINTER PARK, FL -- Hold-Thyssen, Inc., a full-service commercial real estate services firm recently completed a five-year lease agreement with KLG Orlando, a title settlement and real estate law firm at 243 W. Park Ave. in Winter Park.

 

Owned and operated by attorney Jessica Hallgren, PLLC, the tenant leased 1,890 square feet of office space.  With more than 20 years of experience in various sectors of real estate and title law, they handle residential and commercial closings throughout the state.

Darby Hold 

Hold-Thyssen Senior Director, Darby Hold negotiated the transaction on behalf of New England Partners LLC, landlord at the two-story office building that is currently 98 percent leased.  

 

Hold also negotiated an office lease renewal in downtown Winter Park representing Morse Boulevard Development Associates, LLC, landlord at 1031 W.  Morse Blvd. where the law firm of Sasso  & Sasso PA specializing in construction law and commercial litigation currently occupies 2,471 square feet.

243 West. Park Avenue, Winter Park, FL

Hold-Thyssen, Inc. provides commercial property brokerage and leasing and management services to institutional and private investor clients nationwide.  The 40-year-old firm’s current portfolio includes more than 100 commercial properties throughout the United States.

*  *  *

  

 Contacts: 

           

Robert P. Hold, Principal, Hold-Thyssen, Inc. 

407-691-0505, bhold@HoldThyssen.com

 

Beth Payan, Larry Vershel Communications Inc. 407-461-3781

 beth@larryvershel.com  

   

$120 million financing secured for the 401-unit multifamily project, Ray Phoenix, in downtown Phoenix, AZ

Ray Phoenix, a 401-unit, 26-story
 multi-family residential building
located in downtown Phoenix, AZ. 

  

 PHOENIX, AZ  – JLL Capital Markets has arranged $120 million in construction financing for the development of Ray Phoenix, a 401-unit, 26-story multi-family residential building located in downtown Phoenix, Arizona. 

 

Russell Young

JLL worked on behalf of the borrower, VeLa Development Partners and Ray, to secure the loan through an affiliate of RXR Realty Investments LLC.

Elle Miraglia

Russ Young, Executive Vice President, Investment Management Group, RXR, said, “Through RXR’s credit solutions platform, we worked closely with the Ray and Vela teams to assemble a flexible financing package that allowed this over $180 million multi-family project to move forward. We look forward to seeing the completion of this exciting project in one of the country’s fastest-growing markets.”

Brad Miner

 Ray Phoenix will offer a highly differentiated product in the submarket with luxurious amenities and artistic spaces. The property will consist of studio, one- and two-bedroom units, including duplex and penthouse units with floor-to-ceiling windows, custom cabinetry and luxury flooring and bathroom tile. The 20,000 square feet of amenity space will include a large fitness center, yoga studio, outdoor resort-style pool, communal kitchen and fireplace lounge, sunken lounge with theater experience, dog wash stations, indoor and outdoor gardens, workspaces and more.

 Michael Gigliotti

 Ray Phoenix will be located at 777 N. Central Ave. within an Opportunity Zone and will conveniently sit on the Phoenix light-rail line, less than a mile north of the Footprint Center and Chase Field. Additionally, the property is a short walk from both the 30-acre Phoenix Biomedical campus and Arizona State University’s 28-acre downtown campus.

Nick Benjamin

 “On behalf of the development team, it has been a pleasure to work with JLL and RXR on Ray Phoenix,” said Nick Benjamin, Principal of VeLa Development Partners. “Our collective vision for Ray Phoenix will bring world-class design, top-tier amenities, beautiful art and diversified price points to one of the nation’s fastest growing downtowns.  We can’t wait for residents to experience Ray Phoenix in the spring of 2026. “

 

The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Michael Gigliotti and Brad Miner, Associate Elle Miraglia and Analyst Frank Choumas.

 

“As the Phoenix MSA continues to expand its multifamily options to support the growth of the region, Ray Phoenix will stand out as an exceptional property with a great deal to contribute to the rapidly evolving downtown,” said Gigliotti.

 

 “The highly differentiated unit options will provide renters with a residential experience that has not yet been available in Phoenix.”

Frank Choumas

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 and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 capital markets specialists worldwide with offices in nearly 50 countries.

 

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

 

 

 Contact: 

 

Kristen Murphy,

Director, JLL Public Relations

Phone: +1 617 543 4873

Email:  Kristen.Murphy@jll.com

 

 jll.com.

veladev.com.

 www.rayphoenix.place and Ray at www.rayisaplace.com.

 

JLL Capital Markets brokers the sale of Reserve on West 31st, a 720-bed University of Kansas student housing community in Lawrence, KS

                           Reserve on West 31st, a 192-unit / 720-bed 

                              student housing community at 

                                  The University of Kansas

                                      in Lawrence, KS.

 

  DALLAS, TX – JLL Capital Markets handled the sale of Reserve on West 31st, a 192-unit / 720-bed student housing community at The University of Kansas (“KU”) in Lawrence, Kansas.

 The seller and the price were not closed. The Tailwind Group acquired the asset.

Teddy Leatherman

Originally built in 1999, residents enjoy access to a wide range of amenities, including on-site maintenance, a computer lab, study lounge, resident clubhouse, dog park, 24-hour fitness center, resort-style pool and hot tub with grilling area, outdoor basketball court, sand volleyball court and complimentary WiFi in common areas.

Scott Clifton 

Additionally, the current ownership has recently undertaken significant upgrades to enhance the units and common areas, such as renovations to add granite countertops and backsplashes, new wood kitchen cabinetry, modernized furniture, luxury vinyl flooring and upgraded interior lighting.

 Located at 2511 W. 31st in Lawrence, Kansas, Reserve on West 31st is situated steps away from the Lawrence Transit / KU Bus Line, offering residents convenient access to both the campus and downtown Lawrence, all within a 10-minute commute.

 The 5th largest town in Kansas, Lawrence is a quintessential college town, home to the University of Kansas and approximately 120,771 residents.

Kevin Kazlow

JLL’s Investment Sales and Advisory team represented the seller and was led by Managing Directors Teddy Leatherman and Scott Clifton along with Director Kevin Kazlow.

 "We are delighted to have facilitated the successful sale of Reserve on 31st at the University of Kansas," said Leatherman. "This transaction reflects the strong demand for value-add opportunities in growth markets."

  For more news, videos and research resources, please visit JLL’s newsroom.

Contact: 

 Grace Lewis, JLL PR

Phone: +1 903 520 3478

Email: grace.lewis@jll.com

jll.com.

 

JLL Capital Markets led the sales and financing efforts for the 352-unit, garden-style AMLI Doral multi-housing community in Doral, FL

AMLI Doral, a 352-unit, core-plus, garden-style
multi-housing community in Doral, FL

 

 MIAMI, FL– JLL Capital Markets has closed the sale of and arranged acquisition financing for AMLI Doral, a 352-unit, core-plus, garden-style multi-housing community in Doral, Florida.

Maurice Habif

JLL represented the seller, AMLI Residential, in the sale of the property to Pantzer Properties. Financial details were not disclosed.

 

Completed in 2013, AMLI Doral consists of nine four-story buildings housing one-, two- and three-bedroom units. Units average 1,058 square feet and feature stainless steel appliances, granite countertops, nine-foot ceilings, soaking tubs, walk-in closets, private patios or balconies and full-size washers and dryers in each unit.

 

The community offers amenities, including a two-story fitness center, swimming pool with lakeside grilling stations, business center, lounge with game tables, clubhouse with party room, tot lot and playground, electric car charging stations and bike parking.

Simon Banke

The property is positioned on a 16.4-acre campus at 11481 NW 41^st St. immediately adjacent to the Florida Turnpike. 

The property has easy access to the Miami International Airport, downtown Coral Gables and Downtown Miami and Brickell.

 

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Maurice Habif, Senior Director Simon Banke and Director Nick Lavin.

 

“AMLI Doral’s incredible quality, visibility and position within one of Miami’s most dynamic submarkets, Doral, led to outstanding property level performance,” said Habif.  “These factors truly resonated with the investment community, resulting in a tremendous amount of investor interest in AMLI Doral. 

 

Nick Lavin

"The appetite for assets like these in South Florida is voracious and we expect that to continue going forward.”

 

JLL’s Debt Advisory team representing Pantzer Properties was led by Senior Managing Director Jamie Leachman, Senior Director Amit Kakar, and Associate Sean O’Brien.

 

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 and advisory, debt advisory, equity advisory or a recapitalization.

Jamie Leachman

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

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

 

 

 About AMLI Residential

 

Recently named a 2023 USGBC LEED Homes Awards Outstanding Developer and Power Builder, AMLI Residential focuses on the development, acquisition and management of environmentally responsible apartment communities throughout the U.S. Founded in 1980,

 

Amit Kakar

AMLI is owned by PRIME Property Fund, a core commingled institutional fund. AMLI owns and manages 78 apartment communities, including approximately 25,600 apartment homes, and has over 3,300 additional apartment homes under development at eight new communities.

AMLI is a leader in multifamily sustainability. Fifty AMLI communities are LEED®-certified and 47 communities are ENERGY STAR®-certified.

 

About Pantzer Properties

Sean O’Brien.

With over 10,000 apartment units, Pantzer Properties is one of the largest privately-owned multifamily owner/operators on the East Coast, focused on the affordable luxury segment of high barrier-to-entry submarkets within the Greater Boston, Philadelphia, South Florida, and Washington D.C. metro regions.

Pantzer Properties invests through a fully discretionary private equity fund series known as the Panco Strategic Real Estate Funds..

 

 

 

Contact: 

 

Kristen Murphy

 JLL Director, Public Relations

Phone: +1 617 543 4873

Email:  Kristen.Murphy@jll.com

 

 

  jll.com.

pantzerproperties.com

amli.com.