JLL Capital Markets announced that it has arranged joint venture equity and a $70 million construction and pre-development loan for Aurora Oaks Phases I, II and III. The master-planned community will feature 1,096 units across all phases once complete.
JLL represented Calibrex Developments in arranging the joint venture partnership with Southern Impression Homes, a Sumitomo Forestry-owned homebuilder, and the construction debt through a publicly traded mortgage REIT.
Located at 6280 SW 52nd St., Aurora Oaks is a 122-acre master-planned development that will deliver 1,096 units, with a mix of single-family homes, townhomes and apartments. Phase I consists of a 197-unit build-to-rent townhome community, and Phases II and III account for the remaining 899 residential units.
