DALLAS, Jan. 15, 2026 –  JLL Capital Markets announced today that it has secured the sale of Live on Hillsborough, a 203-unit, 376-bed student housing community serving North Carolina State University in Raleigh, North Carolina.

JLL represented the sellers, TPG Angelo Gordon and Horizon Realty Advisors.

Built between 2013 and 2019, Live on Hillsborough is a boutique student housing community comprising six buildings totaling 376 beds across two prime, pedestrian-to-campus locations on Hillsborough Street. The property features 102 beds immediately adjacent to campus on Hillsborough Street above North Campus, and 274 beds located less than half a mile east. At the time of sale, the community was 93% occupied.

The property is strategically positioned to serve North Carolina State University, a top-performing student housing market nationally.  With enrollment projected to grow by 4,000 students through 2030, the university’s strong fundamentals will continue to drive demand for well-located, high-quality housing.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Teddy Leatherman, Scott Clifton, Kevin Kazlow and Alex Nordlinger.

"North Carolina State University continues to demonstrate strong fundamentals that attract institutional capital to the student housing sector," said Leatherman. "The sustained enrollment growth projections and the university's academic reputation create a compelling investment thesis for quality assets like Live on Hillsborough."

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. 

Founded in 1988, Angelo, Gordon & Co., L.P. ("TPG Angelo Gordon") is a diversified credit and real estate investing platform within TPG that currently manages approximately $78 billion across a broad range of credit and real estate strategies. For more information, visit www.angelogordon.com.

Horizon is a fast-growing property management company based in Seattle that owns and operates over 50 apartment communities nationwide and is ranked as one of the top 15 student housing operators. The company prioritizes a vibrant culture, passion for people over process and innovative growth mentality while investing in teammates through continued training and education. For more information, visit www.horizonra.com.