Jones Lang LaSalle Incorporated: $ 113.5 million financing organized for the Newark office portfolio

MAJ Capital is a nationally recognized development company focused on creating fair and equitable neighborhoods. As a Certified B Corporation®, SHIFT delivers community solutions and programs that maintain and diversify a neighborhood’s character while maximizing long-term affordability and minimizing travel. SHIFT owns and manages over one million square feet of real estate, including commercial, residential, mixed-use and land to date, SHIFT has invested over $ 220 million in the neighborhoods we serve to create ecosystems that strengthen entrepreneurship, creativity and value for tenants and communities. Launched later this year, Shift’s NextGen Impact platform will focus on partnering and supporting the next generation of impact developers in communities across the country. For more information, please visit shiftcapital.us.

Hanini Group is an award-winning real estate company with over 10 years of experience developing high-caliber residential, commercial, commercial and corporate properties. With more than $ 300 million in development projects to its credit, the company is particularly known for its successful track record in taking historic properties in Newark, New Jersey and rehabilitating them from the ground up. Many of these buildings, beautifully restored to their former glory, quickly became popular landmarks and focal points in the city. The company has grown beyond Newark and undertaken large, reputable projects in the greater New York metropolitan area, such as northern New Jersey and Brooklyn. For more information, please visit hanini.com.

About co-investment partners

Co-investment partners is an investment company deploying a thematic approach aimed at improving the resilience of [sub]communities, both physical and virtual. As part of the company’s mission, CoIP’s real estate portfolio focuses on high value-added strategies, primarily in underserved communities. The company acts as an owner-operator implementing a “origin-to-exit” model. CoIP has interests in approximately $ 600 million of real estate assets, including $ 150 million in core active developments, spanning the Northeast Amtrak Corridor. CoIP achieves its investment mission by focusing on three sectors: financial inclusion, individual sovereignty and mental health. ColP believes that these sectors could have the greatest impact in improving the resilience of [sub]communities. For more information, please visit coinvestmentpartners.com.

ACORE Capital, LP is a leading commercial real estate finance company and debt fund manager with approximately $ 17 billion in assets under management. ACORE is focused on the creation, acquisition and management of senior mortgages, B notes, mezzanine debt and preferred shares across the United States. ACORE, which stands for Alpha Commercial Real Estate, specializes in providing borrowers with personalized financing solutions at competitive rates and flexible terms. For more information, please visit acorecapital.com.

Progress Capital is a commercial mortgage advisory firm with over $ 40 billion in closed loans and $ 150 million in directly funded bridging loans. With over 30 years of experience, Progress Capital continually proves its value to its clients by ensuring the best capital options available in the market. For more information, please visit progresscapital.com.

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