JV equity & $70M construction loan secured for Aurora Oaks, a 1,096-unit master-planned community in Ocala, Florida

MIAMI, Aug. 3, 2026 –  JLL Capital Markets announced today that it has arranged joint venture equity and a $70 million construction and pre-development loan for Aurora Oaks Phase I, II and III. The master-planned community will feature 1,096 units across all phases once complete.

JLL represented Calibrex Developments in arranging the joint venture partnership with Southern Impression Homes, a Sumitomo Forestry-owned homebuilder, and the construction debt through a publicly traded mortgage REIT.

Located at 6280 Southwest 52nd St., Aurora Oaks is a 122-acre master-planned development that will deliver 1,096 units across three phases, with a mix of single-family homes, townhomes and apartments. Phase I consists of a 197-unit build-to-rent townhome community, and Phases II and III account for the remaining 899 residential units.

JLL Capital Market’s Debt Advisory team representing the sponsor was led by Managing Director Max La Cava and Senior Managing Director Christopher Drew.

"This transaction brings together two global firms: Calibrex Developments, one of Canada's premier luxury residential developers, and Southern Impression Homes, a major build-to-rent developer backed by Sumitomo Forestry, one of Japan's oldest companies, founded in 1691," said La Cava. "The capital structure here was complex, and it worked because both executive teams brought real creativity and a true partnership mentality to the table. Special thanks to our friend Steve Bruno, CEO of Calibrex Developments, for entrusting JLL to help execute his vision for Aurora Oaks, and to Chris Funk, President of Southern Impression Homes, for bringing that same creative energy to the deal. It's an honor to work alongside the brightest minds in the business to produce winning outcomes for all stakeholders."

Calibrex Developments, in partnership with Southern Impression Homes, began construction in July 2026 with Phase I completion expected in 2028.

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 112,000 as of June 30, 2026. 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.

Calibrex Developments is a vertically integrated development company with 20 years of experience creating high-quality residential communities across Ontario and the United States. The company's executive team is dedicated to delivering excellence through innovative design, skillful execution and a commitment to meeting the needs of homebuyers and investors. Calibrex principals have been instrumental in developing hundreds of homes over the past two decades.

Southern Impression Homes is a vertically-integrated real estate development firm specializing in the construction and delivery of Build-to-Rent (BTR) communities. They offer general contracting services for BTR developers along with structured debt and equity solutions. Southern Impression Homes is proud to be part of the Sumitomo Forestry conglomeration of home builders, which ranks as the 5th largest homebuilding group in the U.S., bringing global scale and stability to its operations. Learn more at www.SouthernImpressionHomes.com, Facebook, Instagram and LinkedIn, or visit YouTube for project updates.