At a glance
- JLL worked exclusively for a fund advised by Crow Holdings Capital.
- For debt allocators, the deal sets a per-unit marker: $333.3 million across 1,184 units is about $281,500 of debt per door, and 2.5% of the commitment is future funding tied to renovation.
- The portfolio splits into Red Canyon, Green River and Blue Ridge.
JLL Capital Markets arranged $333.3 million of floating-rate bridge debt for Palomino Park, a 1,184-unit multifamily portfolio in the Highlands Ranch master-planned community in metro Denver, according to IREI.
JLL worked exclusively for a fund advised by Crow Holdings Capital. The loan, made through Greystar, funds $325 million at closing and holds $8.32 million for future unit renovations. It retires the portfolio's existing loans and lets the borrower continue a value-add program it began after buying the three communities in 2021.
For debt allocators, the deal sets a per-unit marker: $333.3 million across 1,184 units is about $281,500 of debt per door, and 2.5% of the commitment is future funding tied to renovation.
The portfolio splits into Red Canyon, Green River and Blue Ridge. Red Canyon has 304 luxury units with direct-access garages; Green River has 424 townhome-style units averaging 1,129 square feet plus 176 detached garages; and Blue Ridge, the largest, has 456 units averaging 1,050 square feet with 181 detached garages. An approximately 26,000-square-foot amenity facility, the Colorado Club, anchors the property.
Crow Holdings Capital reported $14.4 billion in regulatory assets across 19 accounts in a Form ADV filed with the SEC on May 1, 2026.
JLL also arranged the debt on Lightstone's $88 million Manhattan apartment purchase, as Private Wealth Daily previously reported.
Reported by the Real estate debt desk from IREI and Form ADV (SEC IAPD). Published . Corrections
