JLL Capital Markets announced today that it has arranged a $130 million refinancing for the Vireo BTR Portfolio, a premier collection of three Class-A build-to-rent properties strategically located across the Dallas, Austin and Tampa metropolitan areas.

JLL represented the borrower in securing the refinancing through KeyBank National Association’s – Institutional Real Estate Group, after a competitive loan process.

The portfolio consists of residential units across 780,624 rentable square feet. The three properties include Vireo Medical District, a 210-unit property at 2300 S. McDonald St. in McKinney, Texas that delivered in 2024 and recently stabilized; Vireo Twelve Oaks, a 217-unit property at 201 Morningstar Blvd. in Georgetown, Texas that recently delivered in 2025 and is currently in lease-up; and Vireo Wesley Chapel, a 181-unit project at 1219 Violetear Dr. in Wesley Chapel, Florida that is currently finishing up construction.

The portfolio offered a rare financing opportunity that blends the privacy and space of single-family homes with the amenities and convenience of multi-community living, creating a scarce, high-quality product that meets the growing demand for luxury rental housing in their respective metropolitan areas.

Vireo BTR Portfolio offers residents premium amenities and modern living spaces while providing the lifestyle benefits of detached housing within professionally managed communities, epitomizing quality and desirability in the build-to-rent sector.

The JLL Capital Markets Debt Advisory team representing the borrower was led by Senior Managing Director Jim Curtin, Director Lauren Dow, Vice President Rex Cruz and Analyst Obi Eboh.