George Maravilla and Noah Schott have joined JLL’s National Build-to-Rent (BTR) team. Maravilla will be the Managing Director, and Schott will be the Director, enhancing JLL’s capabilities in BTR financing and investment advisory services.

Maravilla joins JLL from Tower Capital, where he served as Partner and established himself as a national leader in the BTR sector, closing over $2.0 billion in primarily construction financing and joint venture equity across 50 communities in multiple states since 2018. His 14-year tenure at DMB Associates as Director of Finance equipped him with extensive experience managing project-level financial risk and creating sophisticated financial structures for large-scale developments, having evaluated over $700 million in potential acquisitions and developments.

Schott also joins JLL from Tower Capital, where he was involved in over $600 million of debt and equity placement, primarily for BTR communities, over the past two years. Preceding Tower, Schott served as a Capital Markets Analyst with JLL’s Chicago-based Debt and Equity team, where he structured financing solutions for commercial real estate borrowers nationwide.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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