JLL’s Capital Markets group announced that its M&A and corporate advisory, corporate banking advisory and debt & equity advisory teams collectively secured $617 million in financing for Link Apartments REIT and Link Apartments Opportunity Zone REIT. Both are Grubb Properties–managed REITs, along with Link Apartments 8 Carlisle, a 64-story, class A multifamily development in Manhattan’s Financial District.
JLL represented the developer and REIT sponsor, Grubb Properties, in arranging the multi-tranche capitalization through a coordinated, three-phase advisory effort that ultimately enabled the roll-up and merger of Grubb’s interest in several investment vehicles and the full capitalization of Link Apartments 8 Carlisle.
First, JLL’s M&A and Corporate Advisory group served as advisers on the merger of multiple legacy Grubb Properties’ high-net-worth funds and subsequent rebranding to create Link Apartments REIT, an approximately $1.9 billion Grubb
