JLL Capital Markets announced that it has arranged $125.5 million in refinancing for the MAG Multifamily Portfolio, a three-property collection featuring Class A garden-style apartment communities in Austin, Texas, and the Atlanta metropolitan area. The portfolio includes Citadel at Tech Ridge, Highlands at Sweetwater Creek and Symphony at Suwanee Creek.
JLL worked on behalf of the joint venture between Myers Apartment Group and Torchlight Investors to secure the floating-rate loan through Greystar.
Citadel at Tech Ridge, the portfolio’s largest asset at 308 units with an average unit size of 869 square feet, is located at 1127 Pearl Retreat Lane in Austin’s thriving Tech Ridge area. Highlands at Sweetwater Creek encompasses 290 units averaging 926 square feet at 2789 Satellite Boulevard in Duluth, Georgia. Symphony at Suwanee Creek provides 200 units averaging 974 square feet at 1630 Peachtree Industrial Boulevard in Suwanee, Georgia within a gated community featuring controlled access buildings.
These garden-style apartments offer desirable unit mixes and state-of-the-art amenities, including electric vehicle charging stations, resort-style pools, high-end fitness centers and pet-friendly facilities. The units feature modern finishes such as granite countertops, stainless-steel appliances, spacious walk-in closets and energy-efficient designs. With their prime locations, extensive amenities and contemporary designs, these properties are well-positioned to attract and retain high-quality tenants, offering strong returns in these thriving multifamily markets.
The JLL Capital Markets team was led by Executive Managing Director Gerard Sansosti, Senior Managing Director Peter Rotchford, Senior Director Nicco Lupo and Director Clayton Ross.
“JLL delivered exceptional service in facilitating a smooth and efficient transaction for the refinancing of this portfolio. Their team effectively secured Greystar as the ideal lending partner, and we greatly appreciate the collaboration and dedication from all parties involved in bringing this deal to a successful close,” stated Jeremy Myers, Principal of Myers Apartment Group.
“This financing underscores Greystar’s commitment to supporting strong sponsors in markets where demand for quality rental housing remains high,” said Patrick Reilly, Managing Director at Greystar. “The MAG Multifamily Portfolio reflects well-located, thoughtfully designed communities that will continue to attract residents and create long-term value.”
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.
