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| Kim Radker Bays |
DALLAS, TX, Jan. 13, 2021 – JLL Capital Markets announced today that it has arranged financing for Hidden Lakes and The Ranch at Fossil Creek, apartment communities totaling 586 units in the Fort Worth-area community of Haltom City, Texas.
JLL worked on behalf of the borrower, Exponential Property Group, to secure the five-year, fixed-rate loans with Global Atlantic Financial Group.
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| Jeremy Sain |
The JLL Capital Markets team representing the borrower was led by Jeremy Sain and Brooks Burgin.
Hidden Lakes features 312 units within 13 residential buildings spread over a 17.8-acre site. Floorplans are available in one-, two- and three-bedroom layouts with an average unit size of 928 square feet.
The 94%-occupied property offers community amenities, including a clubhouse, game room, fitness center, business center, swimming pool, sand volleyball, lighted basketball court, outdoor fireplace and kitchen, picnic area and a variety of covered parking/detached garage options.
Completed in 2002, The Ranch at Fossil Creek offers 274 units within 13 residential buildings on a 17.5-acre site.
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| The Ranch at Fossil Creek apartmenets, Haltom City, TX |
The 92% leased community offers one-, two- and three-bedroom unit options with an average unit size of 950 square feet.
Similar to Hidden Lakes, The Ranch at Fossil Creek features a variety of community amenities, including a clubhouse, business center, lounge area, billiard table, shuffleboard table, fitness center, swimming pool, lighted sports court, a play area and laundry center.
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| Hidden Lakes apartments, Haltom City, TX |
Located at 5333 and 5350 Fossil Creek Boulevard, both properties are positioned in northeastern Fort Worth.
This location is proximate to Interstates 820 and 35 West providing connectivity to Fort Worth’s central business district, DFW International Airport and numerous employment hubs, including NAS Joint Reserve Base, the Fort Worth Medical District and AllianceTexas, among others.
CONTACT:
Kristen Murphy
JLL Senior Manager
Public Relations
Phone: +1 617 848 1572
Email: Kristen.Murphy@am.jll.com
www.exponentialpropertygroup.com.
jll.com.
