Acquisition financing secured for manufactured housing community in Montana

DALLAS, Feb. 24, 2026 –  JLL Capital Markets announced today that it has arranged acquisition financing for Golden Meadows, a 520-pad manufactured housing community in Billings, Montana.

JLL represented the borrower, Axia Realty Partners, in securing a three-year, fixed-rate loan through a life company execution.

Golden Meadows, located at 3200 King Ave. West, sits on 133.39 acres and is a premier manufactured housing community. Built in 1980, the property is currently 93.5% occupied and features amenities including a community center, basketball court, RV parking and playground facilities.

Billings continues to serve as the economic hub for eastern Montana and northern Wyoming, with a population exceeding 121,000 and median household income reaching $72,000 - $75,000 per year.

The west side of Billings has emerged as the city's new high-end corridor thanks to large-scale master-planned communities, premium new home construction and dedicated infrastructure for upscale retail and amenities.

The JLL Capital Market’s Debt Advisory team was led by Senior Director Jarrod McCabe and Analysts Scott Cole and Brody Rule.

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.

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

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.

Axia Realty Partners, founded in 2023 with a strategic focus on the manufactured housing sector, has acquired 24 communities across the Mountain West and Sun Belt markets. The firm takes a direct approach to sourcing acquisitions in markets with significant barriers to entry and restrictive housing costs. As a vertically integrated company, Axia places a high focus on value through high-touch resident relationships.