JLL Secures $14M Acquisition Loan for Gainesville Apartments
JLL has arranged a $14 million acquisition loan for Hampton Forest, a value-add, multi-housing property located in Gainesville, FL.
Built in 1977, Hampton Forest consists of 152 one- and two-bedroom units and includes a community swimming pool. Located at 7301 W University Ave., the Hampton Forest apartments are less than one mile away from an I-75 on-ramp, providing access to both Orlando and Tampa, which are each roughly 100 miles away.
Elliott Throne and Jesse Wright of the JLL Capital Markets team represented the borrower, American Commercial Realty, in the transaction. The lender was Ready Capital. The Ready Capital team was represented by David Cohen and Harris Teiger.
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.