JLL Capital Markets secures the $10.68 milion refinancing of the 127-unit The Valencia Apartments in Phoenix, AZ

 

Elle Miraglia

 PHOENIX, AZ – JLL Capital Markets has arranged a $10.68 million loan for the refinance of The Valencia Apartments, a 127-unit, two-story, garden-style multi-housing community located in Phoenix, Arizona.

 

Brad Miner

JLL worked on behalf of the borrower, CALCAP Advisors, to secure the fixed-rate, five-year Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital, LLC, a Fannie Mae DUS lender. 

 

Originally built in 1983, The Valencia Apartments recently underwent value-add renovations, enhancing unit fixtures, hardware, exteriors and common areas.

Units feature breakfast bars, patios, full-size washer and dryer connections, walk-in closets and upgraded vinyl wood flooring, and community amenities include two pools, a sundeck and covered parking.

 

Situated at 3450 West Missouri Ave., the property is located two miles West of Interstate 17 and is within walking distance of Grand Canyon University (GCU).

 

Frank Choumas

Additionally, Bethany Square Shopping Center, Bethany Towne Center and Palm Glen Shopping Center are all within a five-minute drive.

The JLL Capital Markets Debt Advisory team was led by Senior Managing Director Brad Miner, Associate Elle Miraglia and Analyst Frank Choumas.

 

Agency/GSE lending and loan servicing are performed by JLL Real Estate Capital, LLC, a wholly owned indirect subsidiary of Jones Lang LaSalle Incorporated.

 

Contact:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

 

JLL Capital Markets arranges GP equity placement for FRP’s growing pipeline of student housing developments

 

Teddy Leatherman

 

 DALLAS, TX – JLL Capital Markets has arranged a commitment in programmatic co-GP equity for Fountain Residential Partners’ (“FRP”) growing pipeline of planned and future student housing developments.

 Jeremy Sain

JLL represented FRP and secured the equity commitment from FrontRange Co-GP Property Fund, an affiliate of FrontRange Capital. FrontRange Capital is a real estate private equity firm that focuses on strategic partnerships with leading middle-market real estate companies.

 

The JLL Capital Markets team that represented FRP was led by Senior Managing Director Jeremy Sain, Managing Director Teddy Leatherman, Associate Ryan Pollack and Analyst Danielle Rice.

Danielle Rice

Dallas-based Fountain Residential Partners specializes in the development of purpose-built student housing located across national markets, and since 2010, FRP has developed nearly 7,400 beds with a total valuation of over $1 billion.

 

FRP has a current development pipeline planned for seven projects, totaling more than 3,200 beds, near premier university campuses in strategic growth markets across the United States. The deliveries of these Class A student housing communities are projected to deliver in the 2026 timeframe.

Ryan Pollack

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 sales and 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.

 

For more news, videos and research resources on JLL, please visit our newsroom

Contact:

Jenna Sharp

JLL, Public Relations

Dallas, Texas

M +1 214 394 3356

Jenna.Sharp@jll.com 

 

Veteran real estate executive Anthony Marten re-joins JLL to lead healthcare sales

 

 Anthony Marten 

 CHICAGO, IL – JLL has hired Anthony Marten as a Principal and Healthcare Division Sales Lead for its Solutions Development team.

 

 In this new role, he is responsible for developing sales strategies, strengthening relationships with clients’ executive teams and leading solutions opportunities.

Alison Flynn Gaffney

Marten’s impressive career in project management, lease administration, integrated facilities management, transaction management and strategic planning spans 25 years and two continents.

 

He began his commercial real estate career with JLL in 1998 and served in various roles until 2007, gaining experience in sectors, including healthcare, life sciences, financial services and manufacturing.

Jessica Pernicone

Marten re-joins JLL from Cushman & Wakefield, where he was an executive vice president with their Enterprise Solutions team.

 

Through their expertise and deep understanding of the healthcare industry, JLL's Healthcare Solutions Development team, which is part of JLL’s Work Dynamics division, helps organizations transform their real estate and facilities management practices to support their strategic objectives. 

Marten will work in partnership with Alison Flynn Gaffney, FACHE, President, Healthcare Division, Work Dynamics, JLL, to grow JLL’s Healthcare division. Based in Chicago, he reports to Jessica Pernicone, Head of Americas Sales, Work Dynamics, JLL.

 

Contact:

Kimberly Steele

PR, Occupier

JLL

T +1 713 852 3420

M +1 832 244 9994