AUSTIN, TEXAS — JLL Capital Markets has negotiated the sale of and secured acquisition financing for Vineyard Hills Apartments, a 202-unit community in Austin. JLL Capital Markets worked on behalf of the seller, Bob Reeves, in the deal. JLL also procured the acquisition loan for the buyer, S2 Capital, through Benefit Street Partners.
Vineyard Hills Apartments offers one-, two- and three-bedroom apartments. Units average 928 square feet in size and include walk-in closets, balconies and detached garages. Select units feature fireplaces, bay windows and tile floors. Community amenities include a pool, heated spa, picnic area with BBQ grills, an on-site laundry facility and a dog park.
Ryan McBride, Robert Arzola, Robert Wooten, Alex Fernandes and Nick Beardslee led the JLL Capital Markets Investment Sales and Advisory team. Mark Brandenburg led the JLL Capital Markets Debt Advisory team.