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REAL ESTATE BRIEFS: MAY 17

REAL ESTATE BRIEFS: MAY 17

Jones Lang LaSalle Incorporated : $219 9M recapitalization arranged for suburban Miami multi-housing community

MIAMI, May 17, 2023 - JLL Capital Markets announced today that it has arranged the recapitalization of Landmark South, a 631-unit, mid-rise multi-housing community in Doral, Florida. . | May 19, 2023

Virtus Acquires Austin Property from Internacional Realty

JLL Capital Markets represented the seller in the deal. Virtus Real Estate Capital has acquired Caliza, a 270-unit, Class A garden-style community in the northwest Austin suburb of Cedar Park, Texas, from Internacional Realty.

JLL Capital Markets Group Secures $18 239 Million in Financing for 358-Unit Cambridge Estates Affordable Housing Community

DENVER, CO - JLL Capital Markets announced today that it has arranged the $18.239 million acquisition financing for Cambridge Estates, a 358-unit, garden-style affordable apartment community in Lafayette, Indiana. Approximately 41% of the units are covered by a long-term Project-Based Section 8 Housing Assistance Payments (HAP) contract. JLL represented the borrower, Brikwell, to secure the fixed-rate loan through Freddie Mac Multifamily. JLL and Freddie Mac were able to craft a structure that.

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