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| Jeff Glenn |
CHARLOTTE, NC– JLL Capital Markets
announced it has completed the sale of The Lincoln, a 224-unit, mid-rise
apartment community located at 408 E.
Hargett Street in Raleigh, North
Carolina. JLL represented the seller, Banner Real Estate Group.
The Lincoln is located in one of Raleigh’s most vibrant and
transformative downtown neighborhoods.
Having a Walk Score® of
95, The Lincoln is in close proximity to the region’s second largest
employment center, employing over 48,000 people, and 250 restaurant and retail
locations.
Completed in 2015, the property sits on two acres in the historic
Moore Square District, also known as Raleigh’s “urban renaissance”, which has
recently been driven by an influx of public and private investment
opportunities and is increasing in value.
 |
| Andrea Howard |
The City
of Raleigh recently completed a thorough renovation of Moore Square, which is
flanked by popular restaurants, nightlife venues, historic City Market, and
Exploris Museum and IMAX Theater.
 |
| Allan Lynch |
The community is also within walking distance to
the new Transfer Food Hall and the Historic Oakwood neighborhood.
The units average about 759 square feet with modern and luxurious
room features such as wood-style flooring, granite countertops, oversized
windows, GE stainless steel appliances, walk-in closets and more.
Communal
areas include a pool and sundeck and well as an outdoor fireplace with
entertainment areas.
The JLL Capital Markets Investment Advisory team includes Managing
Directors Jeff Glenn and Andrea Howard, Senior Director Allan
Lynch and Directors Caylor Mark and John Currin. Debt and
financing are led by Managing Directors Roger Edwards and Matthew
Schoenfeldt.
 |
| Caylor Mark |
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.
For more news, videos and research resources on JLL, please visit
our newsroom.
About Banner
Real Estate Group
Banner Real Estate Group and its affiliates (“Banner”) are a group
of real estate companies based in Northbrook, Illinois. Banner focuses on the
acquisition, management, and development of multifamily, self-storage and
senior housing properties nationwide.
 |
| John Currin |
Since
its founding in 1989, Banner has acquired and operated 48 multifamily
properties and has developed 20 self-storage facilities and apartment
communities, collectively worth nearly $1.4 billion.
For more information, visit BannerRealEstateGroup.com.
About JLL
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.
 |
| Roger Edwards |
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.
CONTACT:
Natalie Passarelli
JLL Senior Associate
Public Relations
Phone: +1 (224) 477-7307
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