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JLL Team Secures JV Equity for LI Active Adult Project
JLL Capital Markets secured $18 million in joint venture equity for Ornstein Leyton Company (OLC) for the development of The Vineyards at Mount Sinai. The for-sale, age-restricted town home community will feature 91 homes in the Long Island community of Mount Sinai, a Suffolk County hamlet on the island’s North Shore.
A JLL team of Evan Pariser, Rob Hinckley, Nicco Lupo and Sophie Cohen handled the assignment. Sculptor Capital Management Inc., formerly known as Och-Ziff Capital Management Group, provided the equity investment.
“The Vineyards at Mount Sinai represents OLC’s fifth active-adult community branded under ‘The Vineyards’ label,” said Pariser.
He and Hinckley were part of the same team from HFF, prior to its acquisition by JLL, that worked with OLC in 2018 to raise equity for its successful development of The Vineyards of Brookfield, located in Center Moriches, NY, also on Long Island.
Pictured: Vineyards of Brookfield, courtesy of Ornstein Leyton.
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- ◦Financing
- ◦Development
