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| Jillian Mariutti |
NEW YORK, NY – JLL Capital Markets announced arranged the $30 million refinancing for the 407-unit Davis Creek Apartments in Portage, Michigan and the 152-unit Canterbury East in Mt. Pleasant, Michigan.
JLL worked on behalf of the borrower, The
Millennia Companies, to secure the loan through Citigroup Inc.
The
JLL Capital Markets Debt Advisory team was led by Senior Director Jillian
Mariutti and Director Alex Staikos.
Alex Staikos.
Davis Creek Apartments was built in 1969 and renovated in 2013. It consists of 33 studio apartments, 276 one-bedroom and 98 two-bedroom units, and community amenities include two enclosed dog parks, pavilions with picnic and grilling areas, a 24-hour emergency maintenance team and walking/jogging trails.
Situated at 5419 Meredith St., Davis Creek
Apartments is conveniently located 15 minutes away from Downtown Kalamazoo and
two miles away from I-94, providing access to Detroit in two hours.
Additionally, residents benefit from Portage’s
extensive network of parks and recreational opportunities, including the
Portage Creek Bicentennial Park and the Portage Bikeway.
Built in 1979, Canterbury East offers 82
one-bedroom units and 70 two-bedroom units and features a swimming pool,
community room, 24-hour fitness center and basketball courts.
Located at 1517 Canterbury Trail, the property
is a five-minute drive to Downtown Mt. Pleasant, a 1.5-hour drive from Grand
Rapids and a 2.5-hour drive from Detroit.
Residents benefit from the 1,000 acres of
parkland and 18 preserves within Mt. Pleasant, as well as access to nearby
employers, including Central Michigan University, McLaren Central Michigan
Hospital and the Soaring Eagle Casino and Resort.
Canterbury East is also a ten-minute drive
from East Broadway Street, a growing retail corridor with numerous restaurants,
bars and shops.
Contact:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
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