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Sunday, April 11, 2021

JLL helps secure financing for Fort Worth apartment acquisition

JLL’s Capital Markets experts on Jan. 12 announced the company secured acquisition financing for Oakland Hills Apartments, a 332-unit multifamily community located at 807 Heights Drive in Fort Worth. Benefit Street Partners provided the loan for S2 Capital.

JLL Capital Markets Managing Director Mark Brandenburg led the team on the effort.

“Multifamily assets in North Texas are extremely attractive to investors right now given the level of job growth and strong economic fundamentals of the region,” said Brandenburg. “As more companies make their way to Dallas-Fort Worth, demand for these types of product will continue to increase. We are thrilled to provide a financing solution for S2 Capital, and look forward to continuing our successful partnership.”

S2 Capital, based in Addison, owns several multifamily residences in Texas and Florida including Xander in Fort Worth.

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