 |
| 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.
 |
| 405 unit Abberly Skye, Decatur, GA |
Both Abberly Skye and Abberly Onyx are
five-story, wrap-style apartment communities located within the Atlanta MSA in
Decatur, Georgia.
 |
250 unit Abberly Onyx, Decatur, GA
|
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. |
| Matthew Lawton |
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.
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.
 |
| Vic Ciancetta |
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.
“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.
 |
John Weber
|
“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.
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.
 |
| Bill Shippen |
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.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
 |
| Nick Brown |
For more news, videos and research resources on
JLL, please visit our newsroom.
About
HHHunt
Since 1966, HHHunt has grown into a diversified
leader in real estate development throughout the Mid-Atlantic and Southeast.
ts
four business areas, HHHunt Apartment Living, HHHunt Communities, HHHunt Homes,
and HHHunt Properties Development are recognized leaders in their sectors with
communities in Virginia, Maryland, North Carolina, South Carolina and now
Georgia and Tennessee.
 |
Travis
Anderson |
HHHunt
improves the lives of thousands of people by being a trusted partner in every
phase and stage of their lives. Because at HHHunt, it’s how you live that
matters.
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.
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
www.hhhunt.com.
