SAN ANTONIO, TX–JLL Capital Markets has arranged $47.3 million in acquisition financing and secured the preferred equity for Lantower Alamo Heights, a 312-unit multi-housing community located in the Alamo Heights neighborhood of San Antonio, TX. JLL worked on behalf of Austin-based sponsor, Old Three Hundred Capital, to arrange its second transaction with Sound Mark Partners this year.
Additionally, JLL secured a non-recourse, floating-rate acquisition loan through Prime Finance on behalf of the partnership. JLL has now financed a total of approximately 1,800 units for Old Three Hundred Capital in the last 18 months.
Located at 327 W Sunset Rd., the apartments are situated in one of the top neighborhoods in San Antonio with its own independent, private school district and median home prices averaging $1 million, according to a prepared release. Close to the popular Pearl District and downtown San Antonio, the property offers residents plentiful access to greenspaces and excellent "A+ Rated" schools, upscale eateries and a high barrier to new construction, which make this an uncommon asset in San Antonio, the release notes.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
