Property Acquisitions and Dispositions

MORRISTOWN – JLL Capital Markets announced today that it closed on the sale of Addison at Princeton Meadows, a 440-unit, garden-style multi-housing community located in Plainsboro, New Jersey.

MINNEAPOLIS – JLL Capital Markets announced today that it has arranged the $34.62 million refinancing of Savor Apartments, a 200-unit, mid-rise, market-rate multi-housing community located in West St. Paul, Minnesota.

Berkadia announces it has arranged financing for Atlantic Pacific Companies and LEM Capital to acquire Verona View Apartments, a 293-unit apartment community in Plantation, Florida.

MIAMI – JLL Capital Markets announced today that it arranged $38 million in construction financing for GroveParc Townhomes, a 190-unit, Class A build-to-rent development located in Wesley Chapel, Florida (Tampa MSA).

SAN FRANCISCO – JLL Capital Markets announced today that it closed on the sales of three value-add, garden-style multi-housing assets in Silicon Valley, including the 72-unit Appletree in Campbell, California, the 68-unit Vista Pointe and 50-unit Cedartree in Santa Clara, California, for a total of approximately $70 million.

MINNEAPOLIS – JLL Capital Markets announced today that it has closed the $3.65 million sale of Irving School Apartments, a historic, 44-unit, 1895-built multi-housing community located in Duluth, Minnesota.

DENVER – JLL Capital Markets announced today that it has arranged $55.18 million cashout refinancing for The Iris, a 276-unit, garden-style apartment complex in the Denver suburb of Arvada, Colorado.

MORRISTOWN – JLL Capital Markets announced today that it arranged a $49.7 million construction loan for Highgate at Livingston ("Highgate"), a 169-unit, mid-rise, Class A, luxury apartment development located in Livingston, New Jersey.

MORRISTOWN – JLL Capital Markets announced today that it arranged a $49.7 million construction loan for Highgate at Livingston ("Highgate"), a 169-unit, mid-rise, Class A, luxury apartment development located in Livingston, New Jersey.

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