High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + Finance  | 

JLL Arranges Acquisition Debt on Austin Multifamily

JLL Capital Markets arranged $27.1 million in acquisition financing to purchase Cannon Oaks Apartments in Austin. The firm worked on behalf of Old Three Hundred Capital to secure the loan through Prime Finance. ArrowMark Partners was also engaged as a capital partner.
The JLL team representing the borrower was led by Marko Kazanjian, Chris McColpin, Rob Hinckley, Jackson Finch and Andrew Cohen.

Old Three Hundred was represented in-house by William Gottfried, Paolo Boero and Nicholas Yarnall. Rob Brown and Nathan Rillstone lead the ArrowMark team.

Built in 2001, Cannon Oaks Apartments is a 12-building complex with 230 units.

“Cannon Oaks Apartments, with newly refreshed amenities, unbeatable greenbelt views and a highly convenient location made for an extremely attractive investment,” said Gottfried. “As the city and region continue to grow, the property is positioned to perform well, and provides a naturally affordable alternative to like-kind assets in the submarket.”

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With JLL’s KazanjianConnect With JLL’s McColpinConnect With Old Three Hundred’s Gottfried

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Financing
  • ◦Sale/Acquisition
New call-to-action
New call-to-action