By Razvan Cimpean
Working on behalf of BSR Trust, JLL Capital Markets secured a $45 million Fannie Mae acquisition loan for Windhaven Park Apartments. According to Yardi Matrix data, BSR purchased the 474-unit community in Plano, Texas, from Invesco Real Estate.
The 32-building multifamily property, located at 6201 Windhaven Parkway, consists of one-, two- and three-bedroom apartments ranging from 674 to 1,173 square feet. Completed in 1991, the community features a fitness center, business center, playground, two swimming pools and 950 parking spaces. The property is situated a few miles from multiple shopping centers and schools, including Midway Hills Shopping Center, The Shops at Legacy and Brinker Elementary School.
JLL Managing Director Tim Leonhard and Senior Vice President Chris Crump negotiated the financing on behalf of the borrower. Earlier this year, JLL also secured the acquisition loan for Sunridge Apartments, a 332-unit Grand Prairie affordable community.
Image courtesy of Yardi Matrix