JLL Capital Markets arranges $115 million financing for the 405-unit The Ventana Luxury Apartments in California's Playa Vista master-planned community

 

Annie Rice

 

 LOS ANGELES, CA – JLL has arranged the $115 million financing for The Ventana Luxury Apartments, a 405-unit, low-rise multi-housing community located in the master-planned community of Playa Vista, California.

 

JLL worked on behalf of the borrower, Barings Real Estate, to secure the cash neutral, five-year, full-term interest-only loan.

Chris Drew

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Chris Drew, Managing Director Annie Rice, Managing Director Brandon Smith and Director Gyasi Edmondson.

 

"The closing of The Ventana is a testament to the JLL team's expertise and strong collaboration between Barings and PGIM Real Estate," said Taylor Johnson, Senior Director of U.S. Real Estate Capital Markets at Barings.

"We are proud to have a trusted advisory team at JLL dedicated to navigating this deal's intricacies and delivering exceptional results for our investors." 

Brandon Smith 

The Ventana was originally constructed in 2007 in two phases and offers a variety of studios, one-, two- and three-bedroom, with an average unit size of 1,049 square feet.

 

 Situated at 7225 and 6565 Crescent Park, The Ventana Luxury Apartments are located within the master-planned community of Playa Vista and minutes from the market-leading tech companies within the burgeoning Silicon Beach.

 

 

 

 Contact:

 
Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com