Construction exit financing is secured by 2,412 Class A residential units in 7 high-growth markets across the United States.

Key Points

• The Capital Markets team of JLL arranged $463 million in bridge financing for an asset portfolio developed by Thompson Thrift consisting of 8 properties with a total of 2,412 Class A multi-unit residential units.
• Barings provided floating-rate construction exit loans for these recently delivered properties located in Florida, Georgia, and Arizona.
• This asset portfolio spans across 7 metropolitan statistical areas ( MSA ): Orlando, Pensacola, North Port-Sarasota-Bradenton, Verona Beach, Palm Bay-Melbourne-Titusville, Atlanta, and Phoenix, demonstrating a strong level of regional diversification.

Chicago, October 13, 2026 /PRNewswire/ — The Capital Markets team of JLL announced today that it has arranged $463 million in bridge financing for a portfolio of 8 multi-family residential properties owned by Thompson Thrift. The portfolio is located in Florida, Georgia, and Arizona and comprises a total of 2,412 Class A apartment units.

JLL indicates that, as the exclusive advisor to Thompson Thrift, they implemented this floating-rate construction exit loan through Barings, with Daniel Hedgepeth taking the lead in financing. The funds raised were used to repay the existing construction loans for these 8 properties; the properties will be delivered in phases in 2025 and 2026.

This asset portfolio consists of the following brand-new Class A communities, distributed across 7 metropolitan statistical areas:

• Orlando’s Standard441 (300 sets)
• Pensacola's The Quinn (324 sets)
• Atlanta's The Pullman (276 sets)
• Phoenix's Stella (308 sets)
• Beigang-Sarasota-Bradenton’s The Stadler (280 units)
• Verity at Verona Beach (276 units)
• Palm Bay - Melbourne - Titusville The Junction at Rockledge (380 units)
• Beigang-Sarasota-Bradenton’s The Hadley (268 units)

The scale of these properties ranges from 268 to 380 units, with an average unit area of 1,023 square feet.

According to JLL, each property is equipped with luxury amenities and high-end decorations that are in line with the Thompson Thrift brand, including a 24-hour fitness center, a resort-style swimming pool, a resident social space with a coffee bar, a pickball court, a dog park with a pet spa area, a business center, and carefully designed outdoor spaces. The interior of the residences includes gourmet kitchens equipped with stainless steel appliances, countertops made of quartz stone or granite, smart home technology, full-size washing machines and dryers, as well as private balconies or terraces. Thompson Thrift states that they create differentiated products based on the specific needs of each micro-location, with the projects being situated near retail corridors, major employers, military and aerospace facilities, as well as major transportation arteries.

The JLL Capital Market Debt Advisory Team, representing the borrower, is led by Senior Managing Director Danny Kaufman, Director Medina Spiodic, Chief Executive Officer and Executive Managing Director Mark Gibson, as well as Executive Managing Director Matthew Lawton.

JLL indicates that its Capital Markets team is a global service provider that offers comprehensive capital solutions for real estate investors and users. This team combines in-depth local market experience with global investor resources to provide clients with services such as investment sales and consulting, debt advisory, mergers and acquisitions and corporate financing, loan sales, equity and fund raising, net leasing, derivatives consulting, as well as energy and infrastructure consulting. JLL The Capital Markets team has over 3,000 professionals worldwide, with offices located in nearly 50 countries.

About JLL

JLL ( NYSE : JLL ) is a globally leading commercial real estate services and investment management company. The company reported that as of June 30, 2026, its annual revenue was 26.1 billion US dollars, with operations covering more than 80 countries and a total workforce of over 112,000 people worldwide. For over 200 years, as a Fortune 500 company, JLL has been providing customers with services in various property types such as offices, industrial spaces, hotels, multi-family residences, retail, and data centers, including acquisition, development, utilization, management, and investment. The company's mission is to "shape the future of real estate and make the world a better place." Leveraging global datasets and leading technological capabilities, JLL provides consistent end-to-end real estate services to clients from a wide range of industries worldwide. Through LaSalle Investment Management, JLL also represents clients in investing in private assets and publicly traded real estate securities on a global scale. For more information, please visit jll.com.

About Thompson Thrift

Thompson Thrift was established in 1986 and has grown from a local development and construction company into a nationwide real estate firm that provides comprehensive services. The company has offices in Indianapolis and Terre Haute, Indiana; Denver; Houston; and Phoenix, and is engaged in the development, construction, leasing, and management of high-quality multi-family residential communities. With over 675 employees, it has developed real estate projects totaling more than $7.9 billion across 25 states. The company has been recognized by the National Multi-Family Housing Council as one of the top apartment developers and builders in the United States and received the Top Workplaces USA award for the fourth consecutive time in 2026, in recognition of its commitment to excellence in the workplace and the communities it serves. For more information, please visit thompsonthrift.com.

About Barings

Barings is a global alternative asset management company that manages assets totaling $502 billion. It provides services to institutional, insurance, and wealth management clients, and supports leading enterprises through flexible financing solutions. The company is a subsidiary of MassMutual, with MS and AD holding minority stakes. Barings states that the company is committed to leveraging its global scale and capabilities in credit, physical assets, capital solutions, and emerging markets to achieve excess returns.

*As of June 30, 2026

Contact persons: Kristen Murphy, JLL (Public Relations Director)