$296M financing secured from Freddie Mac for 13-property New Jersey multi-housing portfolio

MORRISTOWN, N.J., Feb. 12, 2026 –  JLL Capital Markets announced today that it has secured a $296 million  financing for a 13-property, 1,880-unit multi-housing portfolio across New Jersey.

JLL represented the borrower to originate the fixed rate, 10-year partial interest only term, loan through Freddie Mac. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo Lender.

The garden style portfolio, which is comprised of predominately legacy owned assets, consists of 1,880 market rate units across 13 garden-style properties spanning five New Jersey counties: Middlesex, Somerset, Union, Monmouth and Morris. The properties vary in vintage from 1959 to 1999.

The properties are strategically located within northern and central New Jersey’s most coveted and densely populated regions, provides residents access to some of the best public-school systems with close proximity to core employment centers throughout the broader New York metropolitan area. The garden-style format offers residents a suburban living experience with convenient access to major transportation corridors and urban amenities.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Michael Klein and Thomas E. Didio, Jr., Associate Michael Mataras and Senior Analyst Joseph Gruber

"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," said Didio, Jr.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. JLL Capital Markets has more than 3,000 specialists worldwide with offices in nearly 50 countries.

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For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $23.4 billion and operations in over 80 countries around the world, our more than 113,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.