Sale of student housing community near University of Illinois closes

JLL Capital Markets arranged the sale and acquisition financing for 207-unit, 725-bed Illini Tower in Champaign, Illinois

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Illini Tower
JLL closed the sale of and arranged acquisition financing for Illini Tower, a student housing community located near University of Illinois Urbana-Champaign.

JLL Capital Markets announced that it has closed the sale of and arranged acquisition financing for Illini Tower, a student housing community located near University of Illinois Urbana-Champaign.

The JLL Capital Markets Investment Sales team representing the seller was led by Senior Directors Scott Clifton and Stewart Hayes. Representing the borrower, the JLL Capital Markets Debt Advisory team was led by Senior Managing Director Doug Opalka and Directors Jackson Finch and Jayme Nelson.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients—whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.