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**JLL Secures $296M Financing for 13-Property Multifamily Portfolio in New Jersey**
JLL Capital Markets has arranged a $296 million loan to finance a 13-property, 1,880-unit multifamily portfolio across New Jersey. The fixed-rate, 10-year loan with a partial interest-only term was originated through Freddie Mac. JLL’s team representing the borrower included Senior Managing Directors Michael Klein and Thomas E. Didio, Jr., Associate Michael Mataras, and Senior Analyst Joseph Gruber. The loan will be serviced by JLL Real Estate Capital.
The portfolio features garden-style apartment communities, most of which are legacy-owned assets. Spanning five counties—Middlesex, Somerset, Union, Monmouth, and Morris—the properties were built between 1959 and 1999. These locations are situated in some of the most desirable and densely populated areas of Northern and Central New Jersey, offering convenient access to key employment hubs throughout the New York metropolitan region.
Commenting on the financing, Didio Jr. highlighted the borrower’s operational strength: “The borrower’s exceptional management capabilities and dedication to maintaining a well-kept, high-performing portfolio ensure these vital communities continue to deliver quality, affordable homes for residents.”
This financing reinforces investor confidence in well-located, professionally managed multifamily properties in established suburban markets.
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