JLL Secures $253.65M in Financing Across Five Multifamily Communities

On behalf of Origin Investments and various general partners, JLL Capital Markets has arranged $253.65 million in construction takeout financing across five newly constructed luxury multifamily communities in high-growth markets throughout the Southeast and Mountain West.

The portfolio includes Ensley (Colorado Springs), RISE Sereno (Tampa), Northerly (Nashville), Eastwood Townhomes (Atlanta) and another Nashville property.

Origin Investments is a national multifamily fund manager with properties across multiple specialized investment vehicles. Within this portfolio, RISE Sereno and Northerly are held in Origin’s IncomePlus Fund, while Ensley operates within the Qualified Opportunity Zone Fund I. Eastwood Townhomes is part of Origin’s Growth Fund IV portfolio.

Situated at 505 S Weber St. just south of Downtown Colorado Springs, Ensley is a 277-unit mid-rise community. The community arranged a $60.9 million loan through a national debt fund to refinance the property. The property is within 15 minutes of major employers including Hewlett Packard, Microchip and the U.S. Air Force Academy.

Located in Wimauma, Fla., 30 minutes south of downtown Tampa, RISE Sereno is a 320-unit community featuring both traditional apartments and townhomes. The property sits in the rapidly growing South Shore area with easy access to Tampa’s employment centers and attractions. The $58.5 million loan was facilitated through a national debt fund.

Situated in Madison, Tenn., 15 minutes north of downtown Nashville, Northerly is a 297-unit mid-rise community. Madison is a desirable suburb known for its family-friendly atmosphere and proximity to Nashville’s job market. JLL secured a $46 million loan through a national life company for this property.

Eastwood Townhomes is located at 277 Clifton St. SE. The $26.25 million financing was arranged through a national debt fund to refinance the property. The 103-unit rental community features one-, two-, and three-bedroom residences. The property sits in the eclectic East Atlanta area known for its blend of urban amenities and residential charm, with easy access to downtown Atlanta and Midtown, both 10 minutes away.

The final refinancing was for a 320-unit mid-rise community in the vibrant Sylvan Heights area, known for its proximity to downtown Nashville and the trendy Sylvan Park district. The refinancing was through a national life company.

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

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