JLL Capital Markets arranged the construction financing for the 95-unit Caretta in Juno Beach, Florida, which will be JDL Corp.’s first project in Florida
News release
11 March 2024
$160M in financing secured for Caretta oceanside condominium development in Juno Beach, Florida
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 JDL Development
Founded in 1993 by Jim Letchinger, JDL has become Chicago’s premier residential developer. For over three decades, JDL has earned a reputation for developing dynamic residential developments that exceed expectations in the discerning luxury market, resulting in some of the most significant real estate sales in Chicago. By focusing on residential, mixed-use development, JDL creates living environments of the highest quality that complement the existing urban landscape. The company’s legacy properties stand tall among the crowded skyline.
About WAREG
Wanxiang America Real Estate Group, LLC (“WAREG”), a Chicago-based commercial real estate investment firm, has been successfully sourcing, underwriting, and executing commercial real estate investments since its first deal in 2010. WAREG provides a highly-efficient and straightforward investment process for all stakeholders by fully utilizing its flat organizational structure and extensive pool of discretionary capital. This uniquely efficient process, combined with the team’s real estate expertise and longstanding industry connections, has allowed WAREG to carve out a niche in the market. WAREG’s ability to study and analyze asset-level dynamics and intrinsic value has paved the way to countless successful investments that encompass all commercial real estate product-types throughout the US. Since its inception, WAREG has successfully invested over $1.0 billion of equity into over 100 investment deals.