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| Part of an 877-unit, seven-property multi-housing portfolio located in Spartanburg and Mauldin, SC |
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| Jamie Leachman |
Spartanburg, SC and Mauldin, SC
JLL represented the borrowers,
Machine Investment Group and Prospect Lane in securing the three-year,
floating-rate loan.
JLL Capital Market’s Debt Advisory team representing the borrower was
spearheaded by Senior Managing Director Jamie Leachman and Directors Jonah
Aelyon and Carter Wroblewski.
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| Jonah Aelyon |
The attractive demographics of the
region, with a population growth of over 500,000 in the past decade and a net
migration of 94,000+ residents in 2022 alone make it a compelling destination
for businesses.
Greenville's economic growth has been strongly influenced by key drivers such as BMW's expansive Plant Spartanburg, Michelin’s North American Headquarters and Inland Port Greer.
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Carter Wroblewski
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The restorations will include updates to in-unit features like new cabinet faces, stainless steel appliances, quartz countertops, light fixtures and non-carpet flooring. Additionally, the exterior of the complexes will get updated roofs, parking lots, sidewalks, exterior painting, HVAC systems and security camera installations.
Contact:
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Jones Lang LaSalle Americas, Inc.
a licensed real estate brokerage company.
CA RE license #01223413
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