JLL arranged the refinancing for Farm Haus, a single-family, gated built-to-rent community located in San Antonio, Texas.
News release
31 October 2023
Financing secured for Northwest San Antonio single-family build-to-rent
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HOUSTON, Oct. 31, 2023 – JLL announced today that it has arranged the refinancing for Farm Haus, a 142-unit, single-family, gated built-to-rent community located in San Antonio, Texas.
JLL worked on behalf of the borrower, AHV Communities, to secure the four-year, fixed-rate loan through a life insurance company.
Completed in 2022, the gated community features two-, three and four-bedroom homes with private yards, attached garages, smart home technology, stainless steel appliances, quartz countertops and nine-foot ceilings. Community amenities include a lounge and community conference room, a resort-inspired pool with sun deck and bocce/game court, a 24-hour fitness center, a dog park, BBQ picnic areas and more.
Situated at 8150 W. Hausman Rd., the community sits in the coveted Northwest San Antonio market. The property is minutes from Loop 1604 and San Antonio’s medical center, and residents are also just three miles from The University of Texas at San Antonio. Additionally, the location provides easy access to SeaWorld, Fiesta Texas, La Cantera Shopping Center and Historic Downtown San Antonio.
The JLL Capital Markets Debt Advisory team was led by Managing Director Matthew Putterman and Analyst John David Johnson.
AHV’s Founder and CEO, Mark Wolf, stated, “In a very difficult and challenged lending market as well as operating market, Matthew and John David were exceptionally diligent in bringing the market to us and ultimately a successful closing.”
“We are grateful for the opportunity to work with Mark and the AHV team on the financing of a premier, highly amenitized Built-For-Rent community,” said Putterman.
JLL’s Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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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 AHV Communities
The INNOVATOR of Built-for-Rent Communities: AHV Communities is a privately held and vertically-integrated developer, builder, and operator or luxury single-family, and attached-home rentals, featuring Class A amenities. Founded in 2013, AHV revolutionized rental living by building market-rate, master-planned single-family rental home communities owned, managed, maintained, and operated like a luxury multi-family property.