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Traer Creek Apartments, a 242-unit, class A, podium multi-housing development in Avon, CO
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DENVER, CO, Oct. 7, 2024 – JLL Capital Markets announced today that it has secured $73 million in construction financing from Bank OZK for Traer Creek Apartments, a 242-unit, class A, podium multi-housing development in Avon, Colorado.
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| Leon McBroom |
With construction scheduled to finish in 2026, Traer Creek Apartments will feature a distinctive four-over-one design that combines Type-V wood-frame construction with a Type-I concrete podium slab.
This innovative approach allows for structured parking while offering unparalleled quality relative to other multifamily communities in Vail Valley.
Ideally situated at 5471 East Beaver Creek Blvd., Traer Creek Apartments enjoys a prime location just minutes away from the renowned Beaver Creek Resort and Vail Resort, which collectively attract over 1.3 million visitors each year.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Leon McBroom and Director Will Haass.
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| Will Haass |
The lending community also agreed with this thesis and we were able to create a deep and competitive market as a result,” said McBroom.
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, please visit JLL’s newsroom.
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