JLL closes refinancing for The Albright luxury apartments in Austin, TX

MIAMI, Sept. 24, 2025 – JLL Capital Markets announced today it has arranged the refinancing for The Albright, a brand-new 261-unit luxury apartment community in Austin, Texas.

JLL represented the borrower, ParkProperty Capital, to secure a floating-rate loan through ACRE.

The Albright represents one of Austin's newest and highest-quality apartment communities, having been delivered in 2024. The five-story mid-rise property features 261 meticulously designed units with an average size of 876 square feet, comprising studios, one-bedroom, two-bedroom and three-bedroom layouts. Units showcase premium finishes including granite countertops, designer ceramic tile backsplash, stainless steel appliances, wood-style plank flooring, nine-foot ceilings, smart locks and light switches and walk-in closets.

The community offers resort-style amenities, including a resort-style pool, 24-hour fitness center, co-working spaces, gaming area with pool table, rooftop sky deck with views overlooking Austin, outdoor entertainment area with grill and kitchen, enclosed pet park, pet wash station, bike room, package room and parking garage.

Located at 8528 Burnet Rd. in Austin's rapidly growing North Central submarket, the property provides residents with unparalleled connectivity to Austin's major economic and entertainment hubs. The property sits at the convergence of multiple major thoroughfares, with MoPac Expressway just three minutes away, US-290 seven minutes away, I-35 eight minutes away and US-183 three minutes away. This strategic positioning places residents within easy reach of downtown Austin, the University of Texas campus and the Texas State Capitol, all located six to seven miles south.

The property benefits from its proximity to The Domain, Austin's premier mixed-use development located just two miles away. Often referred to as Austin's second downtown, The Domain encompasses 1.8 million square feet of high-end retail space and serves as a major employment center housing corporate offices for technology giants, including Meta, Indeed, Amazon, Expedia, IBM and Charles Schwab.

The JLL Capital Markets team was led by Elliott Throne, Josh Odessky and Jayme Nelson.

"The Albright represents an exceptional opportunity in one of Austin's most desirable corridors," said Nelson. "This institutional-quality asset offers unparalleled access to The Domain and Austin's major employment centers, combined with resort-style amenities that set it apart in the market."

Odessky added, "We are pleased to have executed on behalf of Park Property Capital, whose proven track record enabled us to secure highly competitive financing terms with ACRE during this critical lease-up phase."

JLL Capital Markets 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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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 112,000 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.

ParkProperty Capital is a privately-owned investment management firm with an exclusive focus on institutional-grade multifamily real estate in the USA. With an expert, local presence on both sides of the Atlantic we provide a gateway to the USA for European Investors. We are based in Atlanta, Georgia and Hamburg, Germany.

ACRE is a vertically integrated real estate private equity and multifamily investment firm that specializes in the investment, development, and management of quality, income-producing multifamily housing projects and communities. ACRE manages capital for institutional investors through a series of active investments in both direct equity and debt markets and has acquired, operated, developed, and made loans on more than 25,000 apartments across 75 properties in 31 cities in the United States, United Kingdom, and Southeast Asia.