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Phoenix & Southwest  + Southwest  + Apartments  | 

Multi-Housing Project Moving in Near Aurora’s ‘Fitzsimmons Medical Center’

JLL Capital Markets has arranged $95 million in debt/equity for a new, multi-housing project in Aurora, Colo., to be known as Fitzsimmons Apartments. The Fitzsimmons will be a Class A, 355-unit development.

The Fitzsimmons will be eight, three-story residential buildings, with studio spaces, as well as those of one- two- and three-bedroom sizes, according to a news release. Loads of cool amenities will include no-touch faucets, in-unit washers and dryers, blackout curtains and more.

Situated at the southwest corner of 13th Avenue and Peoria Street, the property is located one block from the recently redeveloped Fitzsimons Medical Campus, a 578-acre project with an anticipated annual economic output of over $11.5 billion and approximately 50,000 employees and students. 

JLL represented the borrower, MGL Partners, to arrange the equity and construction financing for the multi-housing development. An institutional insurance company was selected as the equity limited partner, sharing MGL’s vision for the site. 

JLL also secured construction financing with a regional bank that was able to close quickly on the financing. 

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