Class A apartment community Forty649 North Hills sold in El Paso

DALLAS, March 4, 2026 –  JLL Capital Markets announced today that it has arranged the sale of Forty649 North Hills, a 342-unit Class A apartment community in El Paso, Texas.

JLL represented the seller, Hamilton Point Investments.

Forty649 North Hills, located at 4649 Loma Del Sur Dr. in northeast El Paso, is situated adjacent to the Franklin Mountains and provides residents convenient access to Fort Bliss, El Paso International Airport, Interstate 10 and the University of Texas at El Paso. The property sits along Loma Del Sur Drive and US-54, offering proximity to North Hills Crossing Shopping Center and other major amenities.

Built in 2009, the property spans 17.74 acres and features 306,822 square feet of rentable space across 42 two-story buildings. The community offers a mix of one-, two- and three-bedroom units with an average unit size of 897 square feet. Property amenities include a resort-style swimming pool, 24-hour fitness center, clubhouse, dog park, detached garages and covered parking.

El Paso, Texas is a diverse and growing city with a population of over 690,000 as of 2023, making it the 6th largest metropolitan area in Texas and the 23rd largest city in the U.S. The area boasts strong economic drivers, including the University of Texas at El Paso, Fort Bliss Army Base and robust international trade activity. Known for its strategic location on the U.S.-Mexico border, El Paso is a major hub for foreign trade, processing over $122 billion in annual trade volume and more than 30 million border crossings.

The northeast El Paso submarket, where Forty649 North Hills is located, consists of 8,260 units with a five-year average occupancy of 95.3% and annual rent growth of 4.8%. The supply-constrained submarket has seen minimal new construction, with only four other properties built since 2005 within a three-mile radius.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Managing Director Steven Hahn Jr., Senior Director Art Barnes and Vice President William Jennings.

The property was 93.3% occupied at the time of sale and offers significant upside potential through interior renovations and amenity upgrades.

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.

Hamilton Point Investments LLC is a private real estate investment company that owns and manages multifamily apartment properties, manufactured housing communities and hotels. Since inception, the company has acquired more than 150 properties valued at over $3.8 billion and employs more than 320 people. The firm's principals average 25 years of institutional real estate experience each and maintain a positive full-cycle track record with no missed distributions to investors.