$112M financing secured for major acquisition in Orange County, CA

ORANGE COUNTY, Calif., Jan. 29, 2026 –  JLL Capital Markets announced today that it has secured $107 million in acquisition financing with a $5 million operating reserve for a redevelopment project located in Brea, California.

JLL represented the Principal, Dwight Manley, in arranging financing from funds managed by affiliates of Fortress Investment Group (“Fortress”).

Brea boasts strong demographics, a large commitment to educational excellence through substantial bond-funded investments in school infrastructure improvements, a diverse economy and exceptional quality of life.

JLL Capital Markets’ Debt Advisory team representing the borrower was led by Senior Managing Director Matt Stewart, Directors Kellan Liem and Serge Sarkissian and Associates John Rankin and Kyle White.

"This transaction represented a rare opportunity to acquire one of the largest contiguous sites available in infill Southern California," said Stewart. "Dwight Manley has executed a masterclass in thoughtful urban infill development that will be studied for years to come. By bringing the City of Brea together with best-in-class operators, Mr. Manley will transform a vacating commercial building into a dynamic mixed-use community that will benefit the City of Brea and its residents tremendously."

Dwight Manley has been actively involved in downtown Brea development for nearly 25 years, playing a key role in the city's downtown revitalization and lifestyle transformation.

“I cannot say enough positive things about Matt, Kellan, John, and Kyle who navigated a highly complex transaction. They structured a thoughtful financing solution and identified a best-in-class lender to effectuate this landmark transaction,” said Manley. 

The Fortress team “was exceptional to work with,” echoed Stewart. “This business is fun, but it gets really fun when you work with A-players. Their team’s ability to be solution-orientated in an accelerated timeline and execute… is all that matters,” said Stewart.

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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Jones Lang LaSalle Americas, Inc. ("JLL") is a real estate broker licensed with the California Department of Real Estate, license #01223413.

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. 

Fortress Investment Group LLC is a leading, highly diversified global investment manager. Founded in 1998, Fortress manages $54 billion of assets under management as of September 30, 2025, on behalf of approximately 2,000 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. AUM refers to assets Fortress manages, including capital that Fortress has the right to call from investors, or investors are otherwise required to contribute, pursuant to their capital commitments to various funds or managed accounts.