The L.J. Melody real estate investment banking firm has arranged $44.8 million in financing for two apartment projects owned by CWS Apartment Homes: The Estancia Apartments in Austin, Texas and the Town Center Apartments in Broomfield, CO.

L.J. Melody provided financing for the loans that were subsequently sold to Freddie Mac. The Estancia Apartments, located in the Barton Creek area of Austin, were built in 1998 and are 98% occupied. The Town Center Apartments, located on E. First Ave. in Broomfield, a suburb of Denver, were built in 1999. The 283-unit project is 95% occupied. The L.J. Melody firm, an affiliate of CB Richard Ellis, is based in Houston.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.