JLL Secures $48M Refinancing for Luxury Apartment Community in Florida's Growing Space Coast

Reuters

05-29

JLL Secures $48M Refinancing for Luxury Apartment Community in Florida's Growing Space Coast

MIAMI, May 28, 2025 - JLL Capital Markets has successfully secured a $48 million refinancing for Westshore Palm Bay, a 248-unit luxury apartment community located in Palm Bay, Florida. Representing the borrower, Northshore Development, JLL facilitated the floating-rate loan through ACORE Capital LP. Positioned in Florida's burgeoning Space Coast region, Westshore Palm Bay provides easy access to major employers and boasts a high occupancy rate of 94%. The refinancing underscores the property's strategic location and attractiveness as an investment opportunity. This transaction marks the third collaboration between JLL and Northshore Development, highlighting JLL's pivotal role in achieving the project's long-term vision.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.

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Representing the borrower, Northshore Development, JLL facilitated the floating-rate loan through ACORE Capital LP. Positioned in Florida's burgeoning Space Coast region, Westshore Palm Bay provides easy access to major employers and boasts a high occupancy rate of 94%. The refinancing underscores the property's strategic location and attractiveness as an investment opportunity. This transaction marks the third collaboration between JLL and Northshore Development, highlighting JLL's pivotal role in achieving the project's long-term vision.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Jones Lang LaSalle Inc. published the original content used to generate this news brief on May 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JLL","symbol_name":"仲量联行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250529:nNDLc4HFCl:1","article_id":"2539237197","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2539237197","pubTimestamp":1748509167,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MIAMI, May 28, 2025 - JLL Capital Markets has successfully secured a $48 million refinancing for Westshore Palm Bay, a 248-unit luxury apartment community located in Palm Bay, Florida. 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