JLL Capital Markets handles $65 million financing and preferred equity for Marisol apartments in Port Charlotte, FL

                   Marisol, a 292-unit, garden-style multi-housing

                               development in Port Charlotte, FL

 

MIAMI, FL --

Christopher Drew

 Capital Markets has arranged the $65 million construction financing and preferred equity for Marisol, a 292-unit, garden-style multi-housing development in Port Charlotte, Florida.

 JLL represented the borrower, Roers Companies, to secure the non-recourse construction loan through Knighthead Funding and the preferred equity through Amzak Capital Management.

 

Situated at 1200 Loveland Blvd., the property is positioned between two of the fastest growing cities in the United States, North Port and Fort Myers, and is conveniently located just three minutes from Interstate 75, providing future residents convenient accessibility to Fort Myers, North Port and Sarasota.

 

 Lee Weaver 

Residents will be just a two-minute drive from the Publix-anchored Peachland Promenade, and within 15 minutes of popular local attractions like Fisherman’s Village and the Port Charlotte Town Center.

The property is within a short walk to Harold Avenue Regional Park and nearby local demand drivers like Neil Armstrong Elementary School and Maple Leaf Golf and Country Club. Additionally, residents will benefit from the proximity to Charlotte Harbor, Florida’s second-largest open-water estuary.

Scott Loving

 The JLL Capital Markets Debt Advisory team was led by Senior Managing Directors Christopher Drew, Lee Weaver and Scott Loving, Managing Director Brian Gaswirth and Analyst Shane Ciacci.

Companies has shown a consistent ability to identify exceptional locations for their developments while expanding their footprint in the Southeast,” said Gaswirth.

 

“Their extensive experience and proven track record across the country has positioned them to take advantage of these difficult capital markets and break ground at a time when a lot of deals are getting shelved. Marisol serves as a testament to their capabilities and reputation.”

 

 Brian Gaswirth 

Roers Companies Partner Brian LeBlanc added, “We are excited to develop our second project in Florida, and Marisol will be the first in the state for our in-house general contracting team.

"Florida will be one of our most significant growth markets in the coming years, and we are big believers in the long-term fundamentals. 

"We really like to set down roots where we are seeking to grow, which is why we opened our regional office in Tampa in 2023 after growing our project pipeline on the West Coast of Florida. 

Shane Ciacci.

"Marisol in Port Charlotte will offer its future residents top-notch finishes and amenities plus exceptional access to local retail, amenities and major thoroughfares.”

 

 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.

 

Brian LeBlanc

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

 

CONTACT: 

 

Alli Stent (Semans)

PR, Hotels & Hospitality, 

Capital Markets

JLL
M +1 330 329 6750

 

 

JLL handles $24 million sale of a premier medical office building in New Jersey

 

Jeremy Neuer

MORRISTOWN, NJ –  JLL Capital Markets has arranged the $24 million sale of Jackson Health Village, a state-of-the-art medical office building totaling 150,000 square feet in Jackson, Ocean County, New Jersey.

 JLL worked on behalf of the seller and procured the buyer, Horizon Equities. Horizon Equities is a national real estate firm with deep roots in Ocean County.

 

Jose Cruz 

The JLL Capital Markets team was led by Senior Managing Directors Jeremy Neuer and Jose Cruz who worked in conjunction with Vice Chairman Dan Loughlin, Managing Director Tom Stanton and Associate Vice President Matt Loughlin.

“As a medical building with significant upside, combined with the strong existing tenant base and the location, Jackson Health Village was appealing specifically to the strong local investor base," said Neuer.  

 

"Horizon Equities delivered despite a difficult capital markets environment, and we look forward to our next deal with them.

 

 Dan Loughlin

Jackson Health Village is a premier healthcare facility situated on a spacious 11.26-acre property along S Cooks Bridge Rd.

 

This three-story building boasts 609 parking spaces, accommodating the needs of patients and staff alike. 

With a current occupancy rate of 64%, this state-of-the-art medical village was constructed in 2014 and has a diverse tenant base of medical practices.

Tom Stanton 

The building is currently 64% leased and the vacancies range from 2,600 to 33,000 square feet, the largest of which was formerly a full-service fitness center with a pool.

 Located just minutes from Lakewood, whose rapid expansion is transforming neighboring Jackson and Toms River, the property boasts an ideal location. With a combined population nearing 300,000, the area’s continuous growth is the fastest in New Jersey.

 

Matt Loughlin

 The average age in the five-mile radius surrounding the property is 30, indicating a trend of ongoing population expansion. The impressive population in the five-mile radius reaches nearly 150,000, translating to nearly 2,000 persons per square mile.

 It is situated five minutes south of I-195, 16 minutes west of the Garden State Parkway, and nine minutes west of Route 9.

 

According to Joe Kotler, Managing Partner of Horizon Equities, “this building is Jackson’s premier medical destination, with a great mix of primary and specialty physician practices, urgent care, lab, pharmacy, radiology and conference space, making it attractive to doctors who want to serve the region’s rapidly growing population.”

 Joe Kotler

Kotler added that “the acquisition complements Horizon’s medical office buildings in Ocean County, including its portfolio of medical buildings in Berkeley Township and Toms River.”

 

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.

 

For more news, videos and research resources, please visit JLL’s newsroom

 

CONTACT: 

 

Alli Stent (Semans)

PR, Hotels & Hospitality, 

Capital Markets

JLL
M +1 330 329 6750

 

 

JLL Capital Markets arranged the acquisition financing of three properties in Minneapolis-St. Paul totaling 321 units

 

 

The Waters of Edina, part of a portfolio comprising 
The Waters of Plymouth andThe Waters on 50^{th 
in the Minneapolis-St. Paul MSA}

Jay Wagner

 BOSTON, MA –  JLL Capital Markets has arranged the acquisition financing of three independent, assisted living and memory care communities in the greater Minneapolis-St. Paul MSA. Financing details were not disclosed.

JLL represented the borrower, an affiliate of The Inland Real Estate Group of Companies. The Waters Senior Living will continue to manage the communities for Inland and this transaction expands their relationship to four communities together.

Rick Swartz 

The portfolio comprises The Waters of Edina, The Waters of Plymouth and The Waters on 50^th. The three properties consist of 321 units total, with 223 dedicated to independent living/assisted living and 98 to memory care. The properties were constructed in the past 10 years and have demonstrated robust performance.

 

The seniors housing assets within the portfolio offer a wide range of amenities and services designed to cater to the evolving needs of the aging population.

Aaron Rosenzweig

Proximity to medical facilities, an array of social and recreational activities and high-quality care services have positioned these properties as a top choice for seniors seeking an enriched lifestyle in the twin cities.

 

The JLL Senior Housing Capital Markets team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig, Director Sam Dylag, Associate Jack Griffin, Managing Director Jeff Lepley, Associate Alex Sheaffer and Senior Managing Director Elliott Throne.

Sam Dylag

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.

Jack Griffin

For more news, videos and research resources, please visit JLL’s newsroom.

 CONTACT:

 

Alli Stent (Semans)

PR, Hotels & Hospitality, 

Capital Markets

JLL
M +1 330 329 6750