JLL secures acquisition financing for 389-unit Ardan in Dallas' West Village district

DALLAS, April 15, 2026 –  JLL Capital Markets announced today that it has secured an acquisition financing for Ardan West Village, a 389-unit Class A apartment community in Dallas' West Village district.

JLL worked on behalf of the borrower, Knightvest Capital, to arrange floating-rate acquisition financing through Blackstone Real Estate Debt Strategies (“BREDS”).

Ardan, located at 2975 Blackburn St. in the heart of Uptown Dallas, provides residents with direct access to the region's largest employment centers, including Downtown Dallas and the Knox District corridor. The 23-story property was built in 2018 and features 365,225 square feet of rentable space with an average unit size of 939 square feet. The community includes 284 one-bedroom units averaging 801 square feet and 105 two-bedroom apartments averaging 1,312 square feet.

The West Village location offers walkable access to retail, dining and entertainment destinations while maintaining proximity to major employment hubs. The property is situated near Katy Trail, the Dallas Arts District and Love Field Airport, with convenient access to the Cityplace/Uptown DART station adjacent to the building.

Dallas-Fort Worth continues to demonstrate strong multifamily fundamentals, with the metro area adding 67,800 new jobs in 2024 and leading the nation with 135,000 new residents. The Uptown submarket maintains an occupancy rate of 91.7%, significantly outperforming the broader Dallas-Fort Worth average.

Ardan features resort-style amenities including a pool deck, fitness center with Technogym equipment, co-working lounge, private conference room, controlled-access parking garage with electric vehicle charging stations, 24-hour concierge service and a pet spa. Units include stainless steel appliances, quartz countertops, wood-style flooring, floor-to-ceiling windows and front-loading washers and dryers.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Director Mark Brandenburg.

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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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Knightvest Capital Management, a Dallas-based investment firm founded in 2007, has invested in approximately $10 billion of assets and transformed over 175 multifamily properties. The firm currently owns and manages 35 assets totaling more than 11,800 units in the Dallas market, providing deep local market expertise. Knightvest plans to implement a comprehensive capital improvement program following acquisition.