Daily Market Updates: JLL helps arrange $617M financing for Grubb Properties apartment REITs

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JLL helps arrange $617M financing for Grubb Properties apartment REITs

The financing was structured through a multi-tranche, three-phase advisory effort for Link Apartments REITs and a Manhattan Financial District development.

Reported · Written up by our desk · Industry

JLL’s M&A and Corporate Advisory, Corporate Banking Advisory, and Debt and Equity Advisory teams secured $617 million in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT, both managed by Grubb Properties, ConnectCRE reported.

JLL also worked on financing connected to Link Apartments 8 Carlisle, a 64-story, Class A multifamily development in Manhattan’s Financial District, according to ConnectCRE.

The firm said it represented the developer and REIT sponsor, Grubb Properties, and arranged the multi-tranche capitalization through a coordinated, three-phase advisory effort, ConnectCRE added.

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Sources

ConnectCREJLL Secures $617M Financing for Grubb Properties Apartment Tower in Lower Manhattan

Real Estate

JLL helps arrange $617M financing for Grubb Properties apartment REITs

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