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| Amalia Londono |
ATLANTA, GA, Oct. 27, 2022 – JLL Capital Markets announced today that it
has closed the $162.54 million acquisition of and the $104.90 million
dollar financing for Abberly Skye, as well as the $95.0 million acquisition
of and the $61.40 million financing for Abberly Onyx.
 |
fAbberly Skye, a five-story, 405 unit wrap-style
apartment community located at 2550 Blackmon Drive, within the Atlanta MSA in Decatur, GA |
Both Abberly Skye and Abberly Onyx are
five-story, wrap-style apartment communities located within the Atlanta MSA in
Decatur, Georgia.
JLL represented the buyer, HHHunt, in these transactions, and
secured the floating-rate, bridge loan financing on behalf of the new owner.
Northwood Ravin was the seller for both transactions.
 |
Five-story, 250 unit Abberly Onyx apartments,
located at 2532 N. Decatur Road, Decatur, GA |
The 405-unit Abberly Skye (formerly known as
Scott Crossing) was developed in 2020, and the 250-unit Abberly Onyx (formerly
known as Point on Scott) was developed in 2017.
 |
| Matthew Lawton |
Both properties offer studio, one-, two- and
three-bedroom options and feature state-of-the-art community amenities,
including, fitness centers, pools, golf simulators, saunas, dog parks, lounge
areas outdoor courtyards and more.
Abberly Skye is situated at 2550 Blackmon Dr.,
and Abberly Onxy is located at 2532 N. Decatur Rd. The properties are both set
seven miles from Midtown Atlanta, nine miles from Buckhead and eight miles from
downtown Atlanta.
The JLL Capital Markets Investment Sales team
that represented the buyer was led by Matthew Lawton, Vic Ciancetta, John
Weber, Bill Shippen, Amalia Londono and Nick Brown, and the Debt Advisory
team that arranged the financing was led by Travis Anderson.
 |
| Vic Ciancetta |
“It has been a pleasure working with the entire
HHHunt Team on these unique assignments to redeploy significant capital on a
strategic basis, building on the already solid foundation that HHHunt has built
over many decades,” said Lawton.
“The team truly offers a vertically integrated platform
that is best-in-class.”
JLL was exclusively retained by HHHunt this year
to represent them on an exclusive buy-side representation for a large capital
placement of a 1031 transaction, where they sold a significant asset in the
Southeast to strategically redeploy into strong, long-term growth markets in
the Sunbelt.
 |
| John Weber |
There will be a total of five, Class A
multi-housing assets acquired in Nashville, Atlanta and Charlotte. HHHunt
intends to continue to acquire assets on a strategic basis going forward. 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 and sales advisory, debt advisory, equity advisory or a
recapitalization.
 |
| Bill Shippen |
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources on
JLL, please visit our newsroom.
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.
 |
| Nick Brown |
JLL is a Fortune 500 company with annual revenue of
$19.4 billion, operations in over 80 countries and a global workforce of more than
102,000 as of June 30, 2022. JLL is the brand name, and a registered trademark,
of Jones Lang LaSalle Incorporated.
CONTACT:
Jenna
Sharp
JLL
M
+1 214 394 3356
JLL.com
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