Article originally published on January 4, 2023 on yieldpro.com
JLL Capital Markets arranged joint venture equity for the development of Four Corners, a 404-bed / 136-unit student housing project
JLL Capital Markets announced that it has secured joint venture equity for the development of Four Corners, a 404-bed / 136-unit student housing development adjacent to the University of Cincinnati.
JLL represented premier national developer, Dallas-based Fountain Residential Partners, in procuring joint venture equity from global investment manager L&B Realty Advisors on behalf of its client.
Upon completion in 2024, the three-building, four-story project will provide an upscale living experience with excellent proximity to the flagship University. Each unit will feature queen-sized pillow-top mattresses, walk-in closets, 60-inch HD flat screen TVs and high-speed internet.
Four Corners will sit on Central Parkway, a major North/South thoroughfare that will provide excellent visibility and frontage to the community as well as direct access to the entire city of Cincinnati. The project is adjacent to the southwest border of the University, home of the school of pharmacy, biology and research departments. Additionally, residents will be within minutes of all of the Universities offerings, including the College of Arts and Sciences, the Carl H. Lindner College of Business and Nippert Stadium.
The JLL Capital Markets Advisory team featured Senior Managing Director Jeremy Sain, Managing Director Teddy Leatherman and Analysts Ryan Pollack and Danielle Rice.
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 and sales 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.