$68.25M financing arranged for luxury Connecticut apartment community

MORRISTOWN, N.J., March 11, 2026 –  JLL Capital Markets announced today that it has secured $68.25 million in financing to facilitate the acquisition of Millyard at Meadow Commons, a newly constructed 269-unit luxury apartment community in Newington, Connecticut.

JLL worked on behalf of the borrower, Beachwold Residential LLC, in arranging the five-year, fixed-rate loan through Truist Bank.

Millyard at Meadow Commons, located at 98 Pane Rd. in Hartford County, sits within the 24-acre Meadow Commons mixed-use development along the Berlin Turnpike. The property offers residents walkable access to premier retail tenants including Market 32, Shake Shack, Sally's Apizza, CAVA, PJ's Coffee, Club Pilates and Wonder.

The luxury apartment community features three four-story buildings comprising studios, one-, two- and three-bedroom units with an average size of 953 square feet. Each residence includes quartz countertops, stainless steel appliances, smart keyless entry systems, in-unit washers and dryers and designer finishes with select private yards and balconies.

Community amenities include a clubroom lounge with community kitchen, fitness center with yoga room, private co-working spaces, an in-ground heated pool, outdoor lounge areas with grills, a community pet spa with fenced dog park, garage parking and EV charging stations.

Newington's strategic location provides residents access to major employment centers and transportation corridors, sitting just 15 minutes from downtown Hartford and eight minutes from Interstate 91. The area benefits from strong demographic fundamentals, with a median household income of $103,910 and nearly 40% of residents holding bachelor's degrees or higher.

“This is a high-quality asset in a market supported by strong fundamentals, and Beachwold’s experienced ownership and property management platform positions the community for long-term success,” said Rebecca Cox, Senior Vice President and Market Manager at Truist. “We appreciate the leadership of Truist Northeast Market Leader Katie Kennedy in helping execute quickly on this acquisition.”

JLL Capital Markets’ Debt Advisory team was led by Senior Managing Directors Mona Carlton, Thomas Didio and Thomas E. Didio Jr., Associate Michael Mataras and Analyst Tyler Caricato.

"Millyard at Meadow Commons represents the epitome of luxury living in one of Connecticut's most coveted and dynamic markets," said Carlton. "The property's superior design and seamless integration with the vibrant Meadow Commons retail center should position it to be a leader in the central Connecticut market for years to come. I am excited to see Beachwold Residential bring its deep market knowledge to this best-in-class asset. The property’s lease-up momentum, amenity package and walkable retail integration helped drive strong lender interest, and Truist proved to be an excellent financing partner for the transaction.”

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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JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 113,000 as of December 31, 2025. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. 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. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.

Beachwold Residential, with a 40-year history in real estate development and management, controls 72 properties and over 16,000 multifamily units across New Jersey, Connecticut, Virginia, Georgia, Florida, Texas and Tennessee. Led by principals Gideon Friedman and Amir Hazan. the company is Connecticut's largest multifamily owner with 28 properties and over 6,500 units statewide.