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| 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.
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| 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 | www.hfflp.com
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