JLL Capital Markets Arranges $32.7 Million for Build-to-Rent Project in Wildwood, Florida

WILDWOOD, FLA. — JLL Capital Markets has arranged $32.7 million in LP equity and non-recourse construction financing for the development of Townhomes at Powell, a 132-unit build-to-rent community in the Wildwood suburb of The Villages, Florida. JLL’s Samy Cohen, Alberto Dichi and Alan Benenson worked on behalf of the borrower, Agador Spartacus Development, to secure the financing. Max La Cava, Shane Ciacci and Justin Sosa led the JLL Capital Markets Capital Advisory team. The property will include 92 two-story flats and 36 townhomes. Units come in one-, two- and three-bedroom layouts with an average size of 1,167 square feet.