$77.5M construction financing secured for Arbor House in Palm Beach Gardens, Florida

MIAMI, Nov. 7, 2025 - JLL Capital Markets announced today that it has arranged a $77.5 million construction financing for Arbor House, a 302-unit luxury multifamily development in Palm Beach Gardens, Florida.

JLL represented the borrower, in securing a four-year, floating-rate loan through a publicly traded real estate investment company.

Arbor House will feature a 13-story design with an attached eight-story parking garage offering 480 spaces. The development will offer a mix of studio to three-bedroom units averaging 956 square feet with 10% designated as workforce housing at 120% AMI. The building will provide premium amenities including a 7,000-square-foot amenity deck on the eight floor, featuring a wellness center, state-of-the-art fitness center, golf simulator, cold plunge, sauna, resort-style pool and ground-floor work-from-home lounge.

Strategically positioned at 11200 RCA Center Dr., Arbor House is located within a 15-minute commute to Downtown West Palm Beach, which has attracted prestigious financial institutions including Morgan Stanley, Wells Fargo, Merrill Lynch, Goldman Sachs, Elliott Management and Point72 since 2022.

Palm Beach Gardens benefits from strong population growth and economic fundamentals with Palm Beach County ranking as the fastest growing county in South Florida. The submarket has experienced limited Class A deliveries since 2019 while market rents have increased 41% since 2020 to an average of $2,671 per month. The elevated home prices in the region, which have increased 70.9% since 2020 according to Zillow, have strengthened demand for quality rental product.

JLL Capital Market's Debt Advisory team representing the borrower was led by Senior Managing Director Mona Carlton, Director Joshua Odessky and Analyst Michael Romero.

"Arbor House represents a compelling value creation opportunity in a supply-constrained, high-barrier-to-entry submarket," said Odessky. "With only two Class-A deliveries since 2019 and 41% rent growth driving a significant rent-to-own arbitrage, this transit-oriented asset will capture outsized demand from the financial services migration to West Palm Beach's CBD. The development's superior unit mix and amenity package positions it to achieve best-in-class rental premiums in an institutionally underserved market."

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.

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