$73 million financing secured from Bank OZK for Traer Creek Apartments in Avon, CO

Traer Creek Apartments, a 242-unit, class A,

 podium multi-housing development in Avon, CO

 

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.

 

Leon McBroom

JLL represented the borrower, Prime West and Columnar Investments in the transaction.

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.

Will Haass

“The overwhelming demand for housing and limited supply in the Vail Valley only reinforces our belief in the success of this project. 

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. 

Contact: Gréta Kieras​​​​ Senior Associate, Public Relations JLL Capital Markets 1980 Festival Plaza Drive Suite 250 Las Vegas,  NV  89135 T  +1 949 930 8498 Greta.Kieras@jll.com CA  RE license # 02111877 us.jll.com/capitalmarkets Jones Lang LaSalle Americas, Inc. a licensed real estate brokerage company. ​CA RE license #01223413

Decorated Commercial Real Estate Broker Michael Hinton Joins Lee & Associates South Florida

 

Michael Hinton

MIAMI, FL, Oct. 7, 2024 – Lee & Associates South Florida continues to attract top commercial real estate talent to join its growing roster. Another accomplished industry professional, Michael Hinton, CCIM, is the firm’s newest Principal.

 

Based in Miami, Hinton has more than 25 years of experience specializing in investment sales. He is the 2025 President-Elect of the Florida chapter of influential industry organization CCIM. Hinton’s transaction output exceeds $200 million in total value.

Matthew Rotolante 

“Michael Hinton is someone I have known and admired for many years through our shared industry involvement,” Lee & Associates South Florida President Matthew Rotolante said. “He is a perfect fit for our expanding team, as Michael is a top-tier commercial real estate broker and active in industry and community organizations.”

 

Prior to joining Lee & Associates South Florida, Hinton was a Senior Associate at Apex Capital Realty and worked closely with CBRE, managing a national bank portfolio spanning three states and 150 locations.

 

Hinton earned his bachelor's degree in Business Administration from Purdue University Global.

 

CONTACT;

 

Eric Kalis

Senior Vice President

ekalis@boardroompr.com

C 305-794-5123

O 954-370-8999

 

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