JLL Capital Markets arranged the construction financing for the 338-unit Lirica East Austin, located at 5211 E. 7th St. in Austin, Texas
News release
18 December 2023
Financing secured for Class A multi-housing development in Central East Austin
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About CSW Development
Based in Austin, Texas, CSW Development is a privately-owned, entrepreneurial, commercial real estate investment and development firm with a focused, opportunistic strategy dedicated to generating asymmetric returns for its investors through identification of niche opportunities in the multi-family, commercial, office, and land sectors. Founded by commercial real estate industry leaders, CSW Development has a proven track record for generating outsized returns for our investors while delivering assets with exceptional lasting value.
The CSW Development team has been in existence for over 18 years. Since their inception in 2004, they have successfully completed more than 100 real estate development projects with a combined market value of over $1.2 billion. Through our breadth of experience representing a wide array of successful companies, CSW Development has developed an efficient system supported by an experienced team to perpetuate the growth of our clients.
About Blueprint Local
Blueprint Local is a real estate private equity firm that specializes in Opportunity Zone investing. Blueprint invests in institutional quality commercial real estate projects across growing markets in the Southeast & Texas and partners with local developers. Blueprint Local was named by Novogradac in 2023 to be in the top 5% of Opportunity Zone investors by equity invested, and Forbes in 2020 as one of the top ten impact-oriented managers of Opportunity Funds in the U.S.