JLL Capital Markets arranges acquisition financing and equity joint venture equity for 256-unit Creekside Apartments in Bradenton, FL

Medina Spiodic

 

 TAMPA, FL, Dec 21, 2021 – JLL Capital Markets has arranged acquisition financing and joint venture equity for Creekside Apartments, a 256-unit, garden-style, luxury multi-housing community in the greater Tampa Bay community of Bradenton.

Matthew Schoenfeldt

The JLL Capital Markets Advisory team representing the sponsor was led by Managing Director Matthew Schoenfeldt, Senior Managing Director Elliot Throne, Director Drew Jennewein and Analyst Medina Spiodic.

Elliot Throne

“We are very excited to watch as the Marquette team revitalizes this exceptional asset,” said Schoenfeldt. “These large units, complimented by resort-caliber amenities, live like single-family homes, and the targeted enhancements planned for Creekside will serve both ownership and discerning tenants well.”

JLL worked on behalf of the borrower, Marquette Companies, to secure the five-year, floating-rate loan with MetLife Investment Management on behalf of a client, as lender.

 Additionally, JLL worked on behalf of the borrower to secure the joint venture equity through a large private pension fund.

Drew Jennewein

 Completed in 2015, Creekside Apartments offers one-, two- and three-bedroom units averaging 1,126 square feet.

 Apartments include vinyl hardwood floors, walk-in closets, mahogany cabinets and full-size washers and dryers.

Creekside Apartments, 11209 Ranch Creek Terrace
 Bradenton, FL

Community amenities consist of a pool, fitness center, spa, sundeck with cabanas, indoor basketball court, theater room, billiards room, car washing station, dog park and pet washing station.

 Situated at 11209 Ranch Creek Terrace in Bradenton, Florida, Creekside Apartments is located 40 miles south of Tampa in the master-planned community of Lakewood Ranch.

The 7,000-acre community features walking paths, trails, lakes, nature preserves and parks. In addition, Lakewood Ranch offers immediate access to employment for 17,400 employees across 1,870 businesses from a wide array of industries including technology, insurance and education.

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