JLL Capital Markets has arranged the $1.625 billion sale of an 11-property, 3,620-unit multifamily portfolio spanning Southern California’s most supply-constrained submarkets and financed a significant portion of the acquisition. The deal marks one of the largest multifamily transactions ever completed in Southern California.
JLL represented the seller, Camden Property Trust, and arranged financing for the buyer, a BlackRock-managed vehicle.
“Southern California has long been one of the most durable multifamily markets in the country. Camden has built and operated these communities to an exceptionally high standard, and we are grateful to them for a thoughtful and collaborative sale process. Across our platform, we continue to find opportunities where our scale, local expertise and execution allow us to invest in high-quality assets on compelling terms,” said Derek Helgeson, co-head of U.S. real estate at BlackRock.
The portfolio represents 16.5 percent of
