TALLAHASSEE, FL-The Collier Cos. andMadison International have formed a joint ventureon a two-property student housing portfolio valued at about $125million. Freddie Mac provided the $86.7 million in debt for theportfolio, while Madison International Realty acquired an 80%interest in the existing ownership entity.

The senior mortgage loan on Seminole Grand in Tallahassee is a$44.85 million fixed rate loan at 5.17%, with a seven-year term andone year of interest-only amortization. The senior mortgageloan on the Enclave in Gainesville is a $41.86 million fixed rateloan at 5.16 percent, also with a seven-year term and one year ofinterest-only amortization.

Jones Lang LaSalle’s Capital Markets arrangedthe joint venture partnership. JLL executive vice presidentJames Tramuto and managing directorsJubeen Vaghefi and Denny St.Romain led the JLL team on the deal.

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