Fletcher Southlands: $61.75M acquisition financing secured for value-add opportunity in Denver

LOS ANGELES, Jan. 20, 2026 –  JLL Capital Markets announced today that it has secured a $61.75 million acquisition financing for Fletcher Southlands, a 320-unit multifamily property in Aurora, Colorado.

JLL worked on behalf of the borrower, Kennedy Wilson, to originate the five-year, fixed-rate agency loan with a 0.96% spread and 65% loan-to-value ratio. The loan features a 35-year amortization schedule with flexible prepayment open at 1% in the final year. JLL Real Estate Capital, LLC will service the loan.

Fletcher Southlands, located at 22959 E Smoky Hill Rd. in Aurora's Southlands submarket. The 2001-vintage property features expansive floorplans averaging 1,100 square feet across a 23-acre site.

The property's strategic location adjacent to E-470 provides convenient access to major employment hubs throughout the Denver metro area, including Denver International Airport and Buckley Space Force Base. Residents benefit from proximity to Southlands Town Center and Park Meadows Mall.

Fletcher Southlands is situated within the highly ranked Cherry Creek School District and serves affluent demographics with average household incomes exceeding $191,000 within a three-mile radius.

JLL Capital Market’s Debt Advisory team was led by Managing Directors Brandon Smith, Annie Rice and Mark Wintner, with local expertise from Tony Nargi out of JLL’s Denver office.

"Fletcher Southlands represents an exceptional value-add opportunity in one of Denver's most desirable submarkets," said Smith. "The property's location within the Cherry Creek School District, combined with its renovation potential and strong demographic fundamentals, make it an attractive investment in today's market."

"The aggressive loan terms we secured reflect our ability to create a competitive market by leveraging a high quality asset with the strength of Kennedy Wilson as a borrower," said Rice. "This financing positions the borrower to execute their value-add strategy while benefiting from a favorable agency execution."

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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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 $23.4 billion and operations in over 80 countries around the world, our more than 113,000 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 WAY^SM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com. 

Kennedy Wilson (NYSE:KW) is a leading global real estate investment company that owns, operates and invests in real estate through its balance sheet and investment management platform across the Western United States, United Kingdom and Ireland. The company primarily focuses on multifamily and office properties as well as industrial and debt investments in its investment management business.