Wednesday, June 7, 2017

HFF arranges $99.891 million financing for mixed-use development in Los Angeles’ Arts District

Rendering of Planned Arts District AMP Lofts, Los Angeles, CA Arts District

LOS ANGELES, CA –- Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $99.891 million in financing for the development of Arts District AMP Lofts, a luxury mixed-use residential and retail property in Los Angeles’ Arts District.

Working on behalf of the developer, Greystar, HFF placed the 48-month construction loan with CIT’s Real Estate Finance business.

Arts District AMP Lofts will have 320 Class A multi-housing units situated above 20,000 square feet of ground-floor retail.  The property will occupy more than half of a large industrial block on E. 7th Street between Imperial Street and S. Santa Fe Avenue in the thriving Arts District, less than a mile from downtown Los Angeles.

Bob Faith
  Arts District AMP Lofts will be situated directly across from a 255,000-square-foot creative office development, which will be fully leased to Warner Music Group. 

The project is due for completion in 2019.

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development and property management of rental housing properties globally.  

Headquartered in Charleston, South Carolina, with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing over 400,000 units in over 160 markets globally.  

Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $14 billion in gross assets under management including $6.9 billion of developments underway.  

Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental housing real estate business.  

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Director, Public Relations
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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