Jones Lang LaSalle Inc. $(JLL)$ has successfully arranged the sale and $44.235 million financing of the Citra Apartments, a 147-unit value-add multifamily community situated in Sunnyvale, California. Representing the seller, JLL facilitated the transaction with the buyer, Prime Residential. The financing was secured through Freddie Mac and will be serviced by JLL Real Estate Capital, LLC. Located at 745 S Bernardo Ave., Citra offers residents easy access to major tech employers and the Sunnyvale School District, making it a prime location in the heart of Silicon Valley. The property attracted significant interest, with JLL conducting 19 tours and fielding 10 initial offers.
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