JLL Capital Markets announced that it has arranged the sale of Retreat at Mesa Hills, a 752-unit multifamily community in El Paso, Texas.
JLL worked on behalf of the seller, JRK Property Holdings. JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Managing Director Steven Hahn Jr., Senior Director Art Barnes, Senior Managing Director Roberto Casas and Vice President William Jennings.
El Paso, Texas is a diverse and growing city with a population of over 690,000 as of 2023, making it the 6th largest metropolitan area in Texas and the 23rd largest city in the U.S. The area boasts strong economic drivers, including the University of Texas at El Paso, Fort Bliss Army Base and robust international trade activity. Known for its strategic location on the U.S.-Mexico border, El Paso is a major hub for foreign trade, processing over $122 billion in annual trade volume and more than 30 million border crossings.
Retreat at Mesa Hills, completed in multiple phases since 1995, is a well-maintained Class-A asset featuring 752 units in a low-density, aesthetically pleasing two-story design. The community offers a mix of one-, two- and three-bedroom units ranging from 538 to 2,127 square feet. Residents enjoy resort-style amenities including three swimming pools with a relaxing tanning deck and private cabanas, a well-equipped fitness center, two illuminated tennis courts, two sand volleyball courts, a Starbucks Wi-Fi café, a lavish clubroom, a game room and a state-of-the-art media theater, contributing to its strong occupancy.
“Retreat at Mesa Hills represents an exceptional opportunity in the El Paso market given the property’s prime location, extensive amenities and value-add potential,” said Hahn. “This transaction underscores the significant investor interest and confidence in the burgeoning El Paso market.”
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.
