Tempo at Riverpark: $55.75M acquisition financing secured for Class A multifamily community in Oxnard

LOS ANGELES, April 13, 2026 –  JLL Capital Markets announced today that it has secured a $55.75 million acquisition financing for Tempo at Riverpark, a 235-unit Class A multifamily community located in Oxnard, California on behalf of Hines.

JLL represented the borrower, Hines U.S. Property Partners (HUSPP or the “Fund”), the firm’s flagship commingled U.S. core plus fund. JLL worked on behalf of the borrower, Hines, in arranging the five-year loan through a bank.

Tempo at Riverpark, located at 450 Forest Park Blvd. in Oxnard's Riverpark master-planned community, represents a high-quality suburban living option within Ventura County. Built in 2016, the property is currently 95.7% occupied as of December 2025.

The property's prime location provides immediate walkable access to The Collection at Riverpark, a 650,000-square-foot open-air shopping destination anchored by Whole Foods and Target. The retail center attracts more than 10.2 million annual visitors and ranks No. 1 in visitation within a 15-mile radius and No. 5 overall in California.

Ventura County continues to demonstrate strong multifamily performance, driven by healthy demand fundamentals and limited new supply. The county has achieved average annual rent growth of approximately 4.5% over the past decade, with historical occupancy averaging 96%.

Tempo at Riverpark features spacious units averaging 955 square feet with premium finishes including in-unit laundry, stainless-steel appliances and private patios or balconies. Community amenities include a 24-hour fitness center, luxury pool and spa, resort-style cabana seating, resident lounge with gas fireplace and private garages for select units.

The JLL Capital Markets Debt Advisory team was led by President Kevin Mackenize, Manging Directors Annie Rice and Brandon Smith, Director Gyasi Edmondson and Analyst Alyssa Malley.

"The successful arrangement of acquisition financing for Tempo at Riverpark highlights the immense amount of liquidity in the debt space for high-quality multifamily assets and top tier sponsors," said Rice. "Through a competitive marketing process, JLL sourced aggressive financing terms that allow Hines to execute their business plan with flexibility while maximizing returns to their fund."

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.

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

Hines is a leading global real estate investment manager. We own and operate $91.7 billion¹ of assets across property types and on behalf of a diverse group of institutional and private wealth clients. Every day, our 4,600 employees in 30 countries draw on our 69-year history to build the world forward by investing in, developing, and managing some of the world’s best real estate. To learn more, visit www.hines.com and follow @Hines on social media. 

¹Includes both the global Hines organization and RIA AUM as of December 31, 2025.

HUSPP is a diversified, open-end fund investing in next-generation assets in prime submarkets across the United States, leveraging Hines’ platform to drive value and optimize performance through active management. The Fund’s gross asset value has grown to more than $3.5 billion as of December 2025. It is now more than 80% allocated to living, industrial and alternative sectors, which has demonstrated durable demand and strong growth fundamentals.

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.