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California  + Los Angeles  + Finance  | 
JLL arranged $328.8 million in acquisition financing for Laguna Point Properties on a 1,037-unit Los Angeles apartment portfolio

Laguna Point Re-Enters L.A. Market with $329M Apartment Portfolio 

JLL’s Capital Markets arranged $328.8 million in acquisition financing for a five-property, 1,037-unit multifamily portfolio in Downtown Los Angeles. The firm’s Charles Halladay, Jamie Kline and Charlie Vorsheck represented Laguna Point Properties, and secured the three-year, floating-rate acquisition loan with two 12-month extension options through MF1 Capital, LLC. 

The portfolio includes four historic pre-war buildings and a 1959-vintage building converted from office. They include the 184-unit Lofts, 214-unit Main, 198-unit Manhattan, 178-unit Spring and 263-unit Tower, all converted between 2007 and 2010. 

“This transaction provides Laguna Point with an opportunistic scenario through which the company can re-enter the Los Angeles market,” said Garrett LaBar, Laguna Point’s director of acquisitions and dispositions.   

Halladay added that DTLA has seen “a significant rebound in rent fundamentals. MF1 Capital, LLC and Laguna Point found an incredible opportunity to partner together and take advantage of this positive momentum in the urban core.” 

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Inside The Story

JLL's HalladayLaguna Point's LaBar

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
  • ◦Financing
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