Lakeside Villas: $15.5M acquisition financing secured for urban-infill build-to-rent community in South Florida

MIAMI, Feb. 4, 2026 –  JLL Capital Markets announced today that it has arranged $15.5 million in acquisition financing for Lakeside Villas, a 116-unit build-to-rent multifamily community in Sunrise, Florida, that had not traded in more than 30 years.

JLL represented MAP Communities, Highline Real Estate, and 340 Properties LLC in securing the five-year, fixed-rate, non-recourse loan through a major institutional investor with an insurance company separately managed account.

Lakeside Villas, located in the heart of Sunrise, offers easy access to major South Florida highways while being positioned near highly rated schools, employment centers and daily conveniences. The 1985-vintage property, which had not traded in over 30 years, sits on 14 acres and features unique single-family villas with private entrances and patios, appealing to renters seeking convenience and accessibility at an attainable price point.

South Florida continues to experience robust population growth with strong demand for affordable rental housing. The Sunrise submarket has seen limited new construction in the attainable housing category, with most recent development focused on luxury properties, creating scarcity for moderately priced units.

JLL Capital Market’s Debt Advisory team representing the borrower was led by Managing Director Max La Cava and Director Joshua Odessky.

“This is a truly special acquisition. The community sits on a 14-acre urban-infill site, offering the buyer durable in-place cash flow along with significant redevelopment optionality. In a submarket with limited Class A rental supply and strong population growth, opportunities like this are increasingly rare,” said La Cava. “Credit to Matthew Paul of MAP Communities and Matt Papunen of Highline Real Estate Capital for recognizing redevelopment upside that others missed and acquiring a superb asset significantly below replacement cost.”

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.