JLL's Capital Markets group arranged $333.3 million in bridge financing for Palomino Park, the three-community apartment portfolio in Highlands Ranch, according to a JLL announcement posted Oct. 26, 2026. The loan is $325 million funded at closing, plus $8.32 million held back for continued unit renovations.
The three communities
Palomino Park totals 1,184 units across three properties:
- Red Canyon: 304 units with direct-access garages
- Green River: 424 townhome-style units with 176 detached garages
- Blue Ridge: 456 apartments with 181 detached garages
Who's involved
Greystar provided the floating-rate loan and also serves as the portfolio's third-party property manager. The borrower is a real estate fund advised by Crow Holdings Capital. JLL's release doesn't name a purchase date, price, or prior lender.
What the loan is for
The financing retires Palomino Park's existing loans and funds continued value-add work across the three communities, including unit renovations, per JLL. The release doesn't break out a renovation budget beyond the $8.32 million held back, or a timeline for the work.
For other projects underway nearby, see our tracker of everything being built in Douglas County, and our Highlands Ranch directory for local businesses and services.
Source: JLL, "JLL Arranges $333.3M Financing for a 3-Property, 1,184-Unit Colorado Multifamily Portfolio," posted Oct. 26, 2026, fetched Oct. 28, 2026.