$34.115M refinancing arranged for Sacramento medical building

LOS ANGELES, Jun. 4, 2025 – JLL Capital Markets announced today that it has arranged a $34.115 million construction-to-perm loan for SixSixty, a Class A medical building totaling 124,076 square feet in downtown Sacramento, California.

JLL worked on behalf of the borrower, the joint venture of Revitate’s opportunity zone platform, RevOZ Capital, and Argosy Real Estate Partners, to secure the seven-year loan through Siemens Financial Services.

SixSixty is located at 660 J St. in the heart of Sacramento’s Downtown Commons entertainment and lifestyle district, which offers an exceptional collection of restaurants and experiential retailers. The area has benefitted from a substantial transformation over the past decade through the development of the award-winning Golden1 Center and Downtown Commons retail and entertainment district, among other attractions and luxury hospitality destinations.

Originally built in 1984, SixSixty was fully renovated following the borrower’s 2020 acquisition. Updates included a new glass and steel façade, renovated common areas and updated building systems. 97% of the property’s rentable square footage was recently leased to one of the largest health systems in the nation, who will invest substantial capital into the asset and has announced it will use the space as an “Advanced Orthopedics & Sports Medicine Care Complex”.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Directors Jeff Sause and John Chun.

JLL’s Capital Markets group 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 — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom.

Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

RevOZ Capital facilitates the revitalization of Opportunity Zones by providing co-investment capital for institutional quality projects. RevOZ’s proven approach is a product of the founders’ deep experience in urban redevelopment, capital markets and decades of cycle-tested commercial real estate (CRE) experience. RevOZ has been recognized as a pioneer in the Opportunity Zone arena and was named “Opportunity Zone Investor of the Year” by Globe St. in 2019. RevOZ has developed unrivaled expertise in navigating the regulatory complexities as well as a rigorous deal selection process for qualifying Opportunity Zone projects. For more information on RevOZ Capital, please visit revozcapital.com.

Revitate is a diversified investment platform based in Newport Beach, California supporting high-potential alternative investment strategies in the sports ecosystem and real estate. Through its RevOZ Capital opportunity zone platform, it has invested into over $1.5B commercial real estate development projects in sixteen communities across the country. Revitate is committed to integrating positive social and economic impacts into each development project we complete. For more information, please visit revitate.com/

Argosy Real Estate Partners (AREP) is a real estate private equity firm that specializes in opportunistic, value-add, core plus, and Opportunity Zone real estate investments in the lower middle market. AREP currently has approximately $3.8 billion of real estate assets under management.