Jones Lang LaSalle Inc.
09/19/2025 | Press release | Distributed by Public on 09/19/2025 09:31
$38.7M financing secured for Clear Lake Reserve Townhomes near Savannah, GA
MIAMI, Sept. 19, 2025 - JLL Capital Markets announced today it has arranged $38.7 million in financing for Clear Lake Reserve Townhomes, a 199-unit for-rent townhome community in Pooler, Georgia.
JLL represented the borrower, 360 Communities, an affiliate of Freehold Capital Management, and Rockpoint, a Boston-based real estate private equity firm, to secure a floating-rate, three-year loan through Western Alliance Bank.
Located just outside Savannah, Clear Lake Reserve Townhomes spans approximately 50 acres and will feature 199 three- and four-bedroom units ranging from 1,385 to 2,010 square feet. The community includes 86 three-bedroom and 113 four-bedroom townhomes, each with an attached two-car garage, private driveway and covered outdoor porch, featuring contemporary Class A finishes throughout.
Clear Lake Reserve Townhomes will feature an extensive amenity package, including a resort-style pool, fitness center, basketball and pickleball courts, clubroom, brick fire pit, dock platform overlooking a community pond, dog park, putting green, playground and grilling stations. The community provides 853 total parking spaces, which equate to more than four spaces per unit, and also features dedicated guest and amenity parking areas.
The property is located at Clear Lake Way and Serene Way, providing residents with convenient five-minute access to Interstate 95 and Interstate 16. The property is also an 18-minute drive to historic downtown Savannah, nine minutes to Savannah Hilton Head International Airport, 25 minutes to the Port of Savannah and 40 minutes to the beaches of Tybee Island.
Additionally, the property's location positions residents within five minutes of Pooler's primary retail corridor along Pooler Parkway, encompassing more than 2.7 million square feet of office and retail space, including Tanger Outlets and major retailers such as Walmart, The Home Depot and Sam's Club.
360 Communities and Rockpoint have structured the development with a publicly traded top-five national homebuilder performing vertical construction.
JLL Capital Markets' Debt Advisory team was led by Senior Managing Director Chris Drew, Managing Director Matthew Putterman and Director Kenny Cutler.
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.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
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 112,000 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 WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Freehold Capital Management / 360 Communities
Freehold Capital Management (FCM) is an opportunity-focused investor and developer of real estate throughout the United States. Since its founding in 2013, and headquartered in Boston, MA, FCM has focused on a broad range of housing, including residential mixed-use, master-planned developments, land development and infrastructure, as well as concentrated rental communities. These ventures extend through FCM's four brands: Freehold Communities®, 360 Communities®, Development Advisory Services, and Programmatic Land Capital brands. Freehold Communities is one of the nation's largest developers of award-winning, large-scale, mixed-use, and master-planned communities. 360 Communities is a fast-growing provider of high-quality new homes for lease. The Development Advisory Services subsidiary tailors' strategies for maximum ROI for investors, sellers and lenders. And the Programmatic Land Capital (PLC) program offers off-balance sheet capital and land development solutions to builders. FCM has assets, investments, and offices all over the county, with over 16,000 acres of land, almost 2 million square feet of retail and office development space, and over 32,000 for sale or rental units under development, or recently completed. To learn more, visit FreeholdCM.com.
About Rockpoint
Rockpoint is a Boston-based real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, and targets investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm's co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 512 transactions with a total peak capitalization of approximately $82 billion. Rockhill, Rockpoint's property services affiliate, serves commercial and residential properties in select markets throughout the United States. To learn more, visit https://www.rockpoint.com.
About Western Alliance Bank
With more than $85 billion in assets, Western Alliance Bancorporation is one of the country's top-performing banking companies. Its primary subsidiary, Western Alliance Bank, Member FDIC, offers a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by banking and mortgage experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2024 by American Banker and Bank Director and receiving #1 rankings on Extel's (formerly Institutional Investor's) All-America Executive Team Midcap Banks 2024 for Best CEO, Best CFO and Best Company Board of Directors. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bank.
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