 |
| Moses Siller |
JLL
marketed the offering exclusively on behalf of the seller, Terravista Partners,
and procured the buyer, Pico Union Housing Corporation.
Additionally, working
on behalf of the new owner, JLL arranged an acquisition loan through Rialto
Capital Management.
Remaining loan proceeds will be used to renovate the
properties.
The garden-style properties in the portfolio include:
·
Roselawn Apartments at 3346 Roselawn Road (120
units)
·
Spanish Spur Apartments at 6835 Pecan Valley
Drive (160 units),
·
Villas of Pecan Manor at 6840 Pecan Valley Drive
(160 units),
·
Westwood Plaza Apartments at 2600 Westward Drive
(308 units) and
·
Winston Square Apartments at 2506 South General
McMullen Drive (96 units).
 |
| Zar Haro |
Constructed
between 1960 and 1976, units average 769 square feet across the portfolio.
The JLL Capital Markets team representing
the seller was led by Senior Directors Moses Siller and Zar Haro.
JLL’s Capital Markets debt placement team representing the new
owner was led by Director Anson Snyder.
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 advisory, debt placement, equity placement or a
recapitalization. The firm has more than 3,700 Capital Markets specialists
worldwide with offices in nearly 50 countries.
 |
| Anson Snyder |
For more
news, videos and research resources on JLL, please visit the firm’s U.S. media
center Web page: U.S. newsroom.
Contact:
Kristen
Murphy
JLL Senior Manager
Public
Relations
Phone: +1
617 848 1572
Email: Kristen.Murphy@am.jll.com
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