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| Capital Place apartments, 11 South 12th Street, Phoenix, AZ |
PHOENIX, AZ – JLL Capital Markets
announced it has completed the sale and financing of Capital Place apartments
located at 11 S. 12th St. in Phoenix, Arizona.
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| Mike Higgins |
JLL arranged the sale from Epoch Residential to Knightvest
Capital.
JLL also worked on behalf of Knightvest Capital to secure the
acquisition financing through Freddie Mac.
The loan will be serviced by Jones
Lang LaSalle Multifamily, LLC, a Freddie Mac Optigo℠ lender.
Capital Place was built in 2016 and contains 292 multi-housing
units within two five-story buildings.
A high-demand apartment community,
resident amenities include a resort-style swimming pool, state-of-the-art
fitness center, clubhouse, spa, access to cabanas and barbeque grills, parking
garages and more. In-home features include stainless steel kitchen appliances,
custom kitchen cabinets, granite counter tops and covered balconies, among
others.
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| Charles (Charlie) Steele |
The JLL Capital Markets Investment Advisory team representing the
seller includes Mike Higgins, Charlie Steele and John Cunningham. The
acquisition financing was placed by JLL’s Mark Brandenburg and Brad Miner.
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.
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| John Cunningham |
The firm has more than 3,700 Capital Markets specialists
worldwide with offices in nearly 50 countries.
For more news, videos and research resources on JLL, please visit
the firm’s U.S. media center Web page: U.S. newsroom.
About JLL
 |
| Mark Brandenburg |
JLL (NYSE: JLL) is a leading professional services firm that
specializes in real estate and investment management.
JLL shapes the future of
real estate for a better world by using the most advanced technology to create
rewarding opportunities, amazing spaces and sustainable real estate solutions
for our clients, our people and our communities.
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020.
JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020.
JLL is the brand
name, and a registered trademark, of Jones Lang LaSalle Incorporated. For
further information, visit jll.com.
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| Brad Miner |
Epoch
Residential is a fully integrated development, construction and management
company that has managed over 100,000 multi-family units in more than 90 cities
nationwide.
The company has developed and built over 36,000 units in more than
55 cities nationwide since 1970, and has corporate offices in Winter Park,
Florida.
About Knightvest Capital
About Knightvest Capital
Founded in 2007, Knightvest has become a major player in
repositioning multifamily assets, transforming more than 100 properties, and
consistently delivering exceptional returns for investors, and a better quality
of life for its residents.
Contact:
Natalie
Passarelli
JLL
Senior Associate
Public Relations
Phone: +1 (224) 477-7307
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