$45M financing secured by JLL Capital Markets for 225-bed Garden Village student housing in Berkeley, CA

  

 Annie Rice

LOS ANGELES, CA –  JLL Capital Markets has secured a $45 million acquisition financing for Garden Village, a 77-unit student housing community in Berkeley, California.

 

JLL represented the borrower, Hawkins Way Capital, in securing the two-year, floating-rate loan through Limekiln Real Estate Investment Management, LP.

Brandon Smith

The property will be operated as the FOUND Study Southside Berkeley and will be managed by FCL Management, as an operator of successful properties across select cities in the U.S., aligning with Hawkins Way Capital’s strategy to maximize value in prime student housing markets.

 

The financing package includes an initial funding of $36 million, with an additional $9 million available for future funding.

Gyasi Edmondson.

 Garden Village, situated just three blocks from the University of California, Berkeley campus at 2201 Dwight Way, offers a prime location for students.

 

Built in 2016, the mid-rise urban apartments offer a mix of two- and four-bedroom floor plans. Spanning 64,301 square feet, the property comprises 18 buildings across 0.62 acres.

Garden Village, a 77-unit student housing community in Berkeley, CA

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Directors Brandon Smith and Annie Rice and Director Gyasi Edmondson.

 

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

  

 

 CONTACT

Gréta Kieras​​​​

Senior Associate, Public Relations JLL Capital Markets

1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com

 

Class A luxury multi-housing development in Florida trades hands

Tucker Brooks

JACKSONVILLE, FL –  JLL Capital Markets has arranged the new construction sale of The Mark at Wildwood, a 294-unit multi-family complex in Oxford, Florida. The price was not disclosed.

 

JLL represented the seller, Varden Capital Properties and Tellus Partners. The buyer was TriBridge Residential.

 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Directors Cliff Taylor and Joe Ayers, Directors Ryan Hixon and Tucker Brooks and Associate Mike Scott.

 

"The Mark at Wildwood presents a compelling investment in America's fastest-growing metro area," said Taylor. "Its strategic location adjacent to The Villages, coupled with the area's robust demographics and economic growth, positions this luxury development for sustained success in the thriving Central Florida market."

 

 Cliff Taylor

The Mark at Wildwood, located at 3795 Bismark Ct., sits at the northwest corner of The Villages development in Sumter County, Florida, less than an hour north of Orlando.

 

Strategically positioned adjacent to an Aldi grocery store, the property offers convenient access to over seven million square feet of commercial buildings and retail space.

 

Residents benefit from proximity to essential goods and services, as well as major employment centers such as UF Health, The Villages Hospital, HCA Hospital, AdventHealth Emergency Room and a VA Outpatient Clinic nearby.

 

Sumter County, home to The Villages, stands out as America's fastest-growing metro area, boasting a remarkable 62% population surge since 2010. Known as America's Premier Active Adult Community,

 

 Joe Ayers

The Villages houses over 150,000 residents with a median age of 69.3 years and an average household income exceeding $103,000. 

This thriving community contributes to a robust local economy, supported by a highly educated populace, with 65% of residents holding college degrees.

 

The Mark at Wildwood, a Class-A luxury development completed in 2023, is a three-story, garden-style multifamily property offering a mix of one-, two- and three-bedroom flat and carriage home-style units. The community boasts high-end amenities such as a resort-style pool and clubhouse, while individual apartments feature luxury plank flooring, custom cabinetry with soft-closing hinges and stainless steel appliances.

 Ryan Hixon

“The Mark at Wildwood’s location next to the most developed retail corridor in The Villages allows its residents to enjoy a comfortable lifestyle with easy access to various employment centers, great grocery stores like Costco, Sprouts and Fresh Market as well as various healthcare hubs,” said Andy Green, Managing Partner at TriBridge Residential.

 

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.

Mike Scott

About Varden Capital Properties

Varden Capital Properties (VCP), founded in 2011 and headquartered in Atlanta, GA, is a real estate investment firm specializing in acquiring undervalued properties, particularly in the multifamily sector across the Southeast and Texas. 

With a track record of acquiring over 120 apartment complexes and developing thousands of units, VCP leverages its expertise in property management, renovation and strategic relationships to maximize returns for its diverse group of investors. 

The company, led by founding managing partner Trace McCreary, focuses on identifying markets with high growth potential and employs various investment strategies to generate attractive risk-adjusted returns.

 

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

 

CONTACT   Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets Greta.Kieras@jll.com CA  RE license # 02111877 us.jll.com/capitalmarkets Jones Lang LaSalle Americas, Inc. a licensed real estate brokerage company. ​CA RE license #01223413

 

 

 

 

 

 

JLL Capital Markets facilitates the $26 million sale of a 154,000 SF industrial portfolio leased to PODS in Tampa, FL

 

Taylor Osborne

MIAMI, FL –  JLL Capital Markets brokered the approximately $25.8 million sale of PODS Tampa, a 154,490-square-foot portfolio comprising three fully leased industrial warehouses in the Tampa, Florida MSA.

 

JLL facilitated the sale on behalf of Ultimate Realty, LLC, who structured a long-term lease at market rents as part of the business plan execution. Institutional investors advised by J.P. Morgan Asset Management acquired the portfolio.

 Luis Castillo

Situated in the sought-after East Side and South Pinellas submarkets, the properties include two buildings totaling 54,390 square feet at 1871 Massaro Blvd. and a 100,100-square-foot facility at 3705 62nd Ave N. 

Built in 2004 and 2007, the properties feature 28- to 38-foot clear heights, eight oversized grade-level doors and climate-controlled warehouses.

Cody Brais

These assets also boast superior connectivity to Tampa's major transportation arteries, situated just off US-301 with direct access to I-275 and I-75.

 The entire portfolio is leased to PODS, one of the largest mobile self-storage companies in the nation. Founded in Tampa Bay in 1998, PODS maintains its headquarters in the area and has grown to employ over 3,000 people, facilitating more than six million moves.

The JLL Investment Sales and Advisory team was led by Managing Director Luis Castillo, Senior Director Cody Brais and Associate Taylor Osborne.

"This sale exemplifies the enduring appeal of strategically located industrial assets in Tampa's supply-constrained market," said Brais.

Castillo added, "The combination of prime infill locations, high barriers to entry and a credit tenant with a long-term commitment made this an attractive investment opportunity."

Joe Sabbagh

“Although Ultimate Realty’s strategy tends to favor longer term holds, we saw this as a compelling opportunity to capitalize on our successful execution of the business plan for this asset and deliver superior risk-adjusted returns to our investors,” said Joe Sabbagh, Founder of Ultimate Realty, LLC. “Per our current portfolio and recent investment activities, we remain bullish on the outlook for (last-mile) industrial properties in Florida.”

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, please visit JLL’s newsroom. 

 

CONTACT:

Grace Lewis

PR, Capital Markets

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 https://www.ultimaterealtyllc.com/.

DXD CAPITAL COMPLETES DEVELOPMENT OF NEW 84,416 SF SELF STORAGE FACILITY IN HUNTINGTON STATION, LONG ISLAND, NY.

 

Cameron Paktinat 

LONG ISLAND, NY — DXD Capital, a private equity investor and self storage developer, announced the opening of a brand new, Class A, climate-controlled storage facility in Huntington Station, Long Island, NY. The facility, located at 403 Oakwood Road, has 664 individual storage units totaling 62,125 net rentable square feet.

 

Extra Space will manage this facility. Park East Construction was the general contractor, and Century Bank was the construction lender.

The property was acquired in June 2023. To date, DXD has invested in 19 self storage developments and one seven-facility portfolio acquisition across the United States.

While construction of this facility was completed in one year, the project has been in the works for much longer. DXD Managing Director of Development Cameron Paktinat identified the market in 2017 before he joined DXD.

Class A, climate-controlled storage facility in Huntington Station, Long Island, NY. The facility, located at 403 Oakwood Road, has 664 individual storage units totaling 62,125 net rentable square feet.

He faced many obstacles, such as expensive land and construction costs, restrictive zoning, and a multi-step discretionary approval process. It wasn’t until 2019, when another storage facility received approval on a parcel previously thought impossible for self storage that Cameron was convinced that with the right team, a project like this could be done.

After joining DXD Capital in early 2021, Cam formed a team with proven success in gaining approvals for projects with high barriers to entry.

The parcel on 403 Oakwood Rd, an industrial site next to the Long Island Rail Road tracks, included an existing office building with a 180-day clause to allow the seller to relocate. After a multi-year entitlement and permitting process, the seller relocated, and the existing office building was demolished.

 

Construction began in October 2023, and on October 17, 2024, Extra Space Storage opened its doors to the public.

"Bringing this facility to life has been deeply meaningful—it’s the realization of a vision that began seven years ago and has now come to fruition thanks to the dedication of an incredible team,"  said Paktinat.

DXD Capital

DXD Capital is a data-driven real estate private equity company focused solely on the self storage sector. DXD utilizes unprecedented access to data and proprietary tools to source best-in-class investments for its investors.

 CONTACT:

 David Ebeling

Ebeling Communications

949.861.8351

949.278.7851 (Cell)

david@ebelingcomm.com

Member of the National Association of Real Estate Editors (NAREE)

“PR Strategist for the Commercial Real Estate Industry:  I do what I love and love what I do.”

 ww.dxd.capital.

Ware Malcomb Hires Kacy Rhoades and Promotes Jesse Carano and Manny Nuno in Denver

 Kacy Rhoades

 

DENVER, CO – Ware Malcomb, an award-winning international design firm, t announced that Kacy Rhoades has joined the Denver office as Studio Manager, Interior Architecture & Design. The firm concurrently announced the promotions of Jesse Carano and Manny Nuno to Civil Engineering Managers in its Denver office.

 Kacy Rhoades is an experienced design manager who has been in the industry since 2013. In her new position as Studio Manager, she will be responsible for the growth and management of the Interior Architecture & Design Studio

Jan Davis

 

“Kacy is a highly organized, motivated and confident leader, with a passion for problem-solving through design strategy and implementation,” said Jan Davis, Regional Director, Ware Malcomb. 

 Prior to joining the firm, Rhoades worked in design management roles with several regional and national design firms in the southeastern U.S. She earned a Bachelor of Fine Arts in Interior Design from the University of Kentucky, is a NCIDQ-registered interior designer, and active in the University of Kentucky’s Alumni Mentorship program.

Jesse Carano

Jesse Carano brings more than 10 years of experience providing project management and design expertise to his new role of Civil Engineering Manager. 

Carano’s experience includes overseeing all aspects of project design and management, including visioning, programming, schematic design, design development, agency processing, consultant coordination, contract documents and contract administration. He has worked on a wide variety of industrial, logistics and multifamily projects for the firm and, prior to his promotion, led projects from inception to completion as project manager.

 

Manny Nuno

In addition to his land development and engineering experience, Carano possesses a multi-disciplined background in electronics and mechanical systems associated with U.S. Navy vessels and the semiconductor industry. 

He earned his Bachelor's in Civil and Environmental Engineering at the University of Massachusetts at Lowell, with an emphasis on environmental science and impacts. 

Manny Nuno, PE, brings more than 15 years of project management and engineering experience to his new role as Civil Engineering Manager. Together with Carano, the duo will take a larger overall role leading the growth and management of the Civil Engineering team in Denver. The firm’s Denver office has over 30 civil engineering team members, making it Ware Malcomb’s largest civil engineering team.

 Nuno’s experience includes a variety of markets including public works, municipal districts, mixed-use, industrial, multifamily, science and technology, retail and logistics. A registered Professional Engineer, he has experience leading the management and oversight of numerous land development projects, leading the major design aspects throughout the duration of projects in his previous role as Senior Project Manager.

Chris Strawn

Nuno earned his Bachelor’s in Civil Engineering with an emphasis in Structural and Environmental Engineering at the University of Notre Dame.

 “Jesse and Manny are true leaders in our office and highly involved with company culture and the development of our people,” said Chris Strawn, PE, Vice President, Civil Engineering. “They continue to grow their portfolio of work, with new and repeat clients requesting their inclusion on land development projects.”

 

CONTACTS:

 

Rachel Devany

VP Public Relations,

 KCOMM for Ware Malcomb

 

Maria Rodgers,

Director

 PR & Communications, 949.660.9128

 mrodgers@waremalcomb.com