JLL arranges sale and financing of Conroe, TX apartment property

The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, TX

Greg Austin

HOUSTON, TX, April 28, 2020 – JLL Capital Markets announced today that it has closed the sale of and arranged acquisition financing for The Loop Apartments, a 188-unit, Class A luxury apartment community in Conroe, Texas.

JLL marketed the property exclusively on behalf of Apartment Advisors, Inc. and procured the undisclosed buyer.

 Chip Nash

 In addition, JLL worked on the new owner’s behalf to arrange a fixed-rate Fannie Mae acquisition loan. 

The loan will be serviced by Jones Lang LaSalle Multifamily, LLC, a Fannie Mae DUS lender.

The Loop Apartments is located at 3400 Loop 336 just minutes from Interstate 45 to the north of the Houston metro. 

Bob Heard

Completed in 2017, the sought-after property consists of eight three-story apartment buildings that house a mix of one-, two- and three-bedroom floor plans averaging 909 square feet. 

Units feature luxury lighting packages, stainless steel appliances and high-end finishes. Common area amenities include a saltwater pool, two outdoor grilling stations, state-of-the-art fitness center, outdoor entertainment pavilion, dog park, 424 parking spaces and controlled access.

 Chris Curry

The JLL Capital Markets team representing the seller was led by Greg Austin, Chip Nash, Bob Heard, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney.

JLL’s Capital Markets debt placement team representing the new owner was led by Tim Leonhard, Mary Davis and Eric Hightower.

JLL delivers multi-housing investors a full range of solutions through one diverse, integrated platform. 

Todd Marix

The division employs approximately 400 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors. 

JLL is also one of the nation’s largest affordable and conventional multi-housing and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities. 

 Chris Young

Agency/GSE lending and loan servicing are performed by Jones Lang LaSalle Multifamily, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 Loans made or arranged in California are pursuant to a California Financing Law license. 

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

Joey Rippel 

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 the firm’s U.S. media center Web page: U.S. newsroom.

Kyle Whitney

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. 

Tim Leonhard

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 93,000 as of December 31, 2019. 

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JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

About Apartment Advisors, Inc.

Apartment Advisors, Inc. is a privately held construction and development company specializing in suburban walk-up multi-housing properties in Texas.

Eric Hightower

Contact: 

Olivia Hennessey, JLL Senior Associate, Public Relations 

Phone: +1 713 852 3403

Email: Olivia.Hennessey@am.jll.com

 jll.com.

Hospitality Ventures Management Group (HVMG) Launches coronavirus pandemic Relief Fund for Associates

Susan Sanders

ATLANTA, GA, April 29, 2020—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced it has launched a relief fund for its laid off associates impacted financially by the on-going coronavirus pandemic. 

Launched via GoFundMe across just the corporate office initially, the fund collected more than $20,000 in just two hours and has continued to grow as corporate associates, property associates, property owners and friends of the company continue to contribute.

Robert Cole

            “We are guided by our Purpose, ‘To be excellent in all we do so our associates, guests and partners LOVE us,’ so it was vitally important to us at HVMG to offer whatever support we can during these obviously trying times,” said Robert Cole, president & CEO, HVMG.

  “Due to this outpouring of aid, we continue to have funds being distributed in the form of gift cards for Walmart and similar retailers.”  

            The fund is voluntarily supported by anyone wishing to donate to these in-need hotel industry workers. 

 “Whether the associate needs the funds for essential items, groceries, medical bills or to care for a loved one, we are thankful for the generosity and encouraged to know that this money will make a difference for our associates in need,”  said Susan Sanders, executive vice-president & chief human resources officer.

“We work with each property general manager to ensure the funds are  distributed quickly in a fair and consistent manner. 

"As the states are delayed by the sheer number of requests for financial aid, this assistance can help bridge the gap between filing and receiving state unemployment compensation.”

For additional information on the fund and for those interested in donating themselves, please visit:

  https://www.gofundme.com/f/hvmg-associate-relief-fund?utm_source=customer&utm_medium=copy_link&utm_campaign=p_cf+share-flow-1

 CONTACT:

 CHRIS DALY

PRESIDENT

DALY GRAY PUBLIC RELATIONS, INC.

620 Herndon Parkway, Suite 115 | Herndon, VA 20170

Main: 703-435-6293

Mobile: 703-864-5553

 chris@dalygray.com | www.dalygray.com

www.hvmg.com 

Columbus, OH Office of Lee & Associates Hires Key Office Broker JL Johnson

 JL Johnson

COLUMBUS, OH, April 29, 2020 – Lee & Associates, the largest broker-owned commercial real estate firm in North America, announced today the addition of JL Johnson as Senior Vice President of Office Services of the Columbus, Ohio office. 

“The growth of our mid-west presence is a high priority for our enterprise," said Lee & Associates CEO, Jeff Rinkov. 

  "The Lee & Associates - Columbus office has outstanding leadership, abundant resources, and growing multi-discipline market penetration.  We are extremely pleased to add JL to this team given the strength and depth of his resume along with his market leadership.”

Jeff Rinkov

Mr. Johnson is a well-established Corporate Services executive with significant experience and focuses on global transaction management and strategic planning for corporate clients. 

 Residing in Columbus, JL represents multiple national and international office clients.

“JL brings a very important experience base and skillset to our Columbus office. His experience in finance, banking, corporate real estate, management, and business development complements our existing service lines and leverages the Lee national and international network. 

 "He is a proven deal maker in the Columbus office marketplace, and we are excited for him to help expand our office platform,” said Todd Spencer, Principal at Lee & Associates.

Prior to joining Lee & Associates, JL most recently was Senior Vice President of Office Brokerage at Equity in Columbus.  

Todd Spencer

 Mr. Johnson began his career as a REIT Analyst for Morgan Stanley in New York City. 

 He has also spent time in commercial real estate asset management with Huntington Bank and PNC Bank, where he provided major credit facility solutions as well as treasury management applications before transitioning to negotiating lease terms for both retail and corporate back-office locations. 

“Lee & Associates presents me with the opportunity to become a part of a growing entrepreneurial, broker-owned international platform with exceptional resources that position me to expand my business while delivering superior outcomes for my clients," said Johnson.                                             
"I’m extremely excited for this next step in my career.” 

For the latest news from Lee & Associates, please visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link and  our company blog.

CONTACT:

Bailey Ludt
Lee & Associates – Columbus
(614) 923-3300
bailey.ludt@lee-associates.com