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| Melissa Quinn |
DALLAS, TX – JLL Capital Markets has closed the sale and arranged the acquisition financing for AMLI Design District, a 314-unit, Class A, mixed-use, high-rise multi-housing asset located in Dallas, Texas. Terms of the deal were not disclosed.
JLL represented the seller, AMLI Residential,
and procured an international real estate investor as buyer, HASTA Capital.
Lauren Dow
JLL worked on behalf of the new owner to secure acquisition financing through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC., a Freddie Mac Optigo℠ lender.
The JLL Capital Markets Investment Sales and
Advisory team was led by Senior Managing Director Roberto Casas. The JLL
Capital Markets Debt Advisory team was led by Senior Managing Directors Melissa
Quinn and Lee Weaver, Vice President Rob Rothaug and Analyst Cristian
Sieman, with an assist from the local Dallas Debt Advisory team, including
Director Lauren Dow and Associate Chris Grievous.
“We are thrilled to have closed this
transaction for HASTA that exemplifies the perfect blend of a great asset, a
fast execution and incredible teamwork,” said Quinn.
Lee Weaver
“Thanks to the collaborative efforts of our respective teams, the
deal was swiftly executed, ensuring that our client's objectives were met with
the Freddie Mac loan.”
Originally built in 2013, AMLI Design District
consists of 312,806 square feet of residential space, 26,830 square feet of
ground-floor retail and an expansive covered parking garage with 664 spaces.
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| Rob Rothaug |
Community amenities include an infinity-edge pool, a pool deck with private cabanas, premium outdoor grilling stations, a coffee bar and skyline lounge, complimentary bike rentals and personal bike storage, a pet spa, indoor and outdoor pet parks, a state-of-the-art fitness center, an executive conference room and more.
Situated at 1400 Hi Line Dr., the property sits within
the Dallas’s popular Design District, which is a part of the greater Intown
submarket and is best known for high-end retail shops, luxury showrooms and
eclectic dining experiences.
AMLI Design District is
conveniently located directly off of I-35E, allowing visibility to
approximately 250,000 vehicles per day and providing residents an eight-minute
drive to the employment hub of downtown Dallas.
Chris Grievous
Additional proximate demand drivers include Victory Park, Uptown, the Dallas Medical District and Downtown Dallas, Harwood district, the Northend redevelopment, Klyde Warren Park and Deep Ellum.
The property also is just a 20-minute drive to Dallas Fort Worth International Airport.
JLL delivers multi-housing investors a full
range of solutions through one diverse, integrated platform.
The division employs
approximately 400 professionals who provide comprehensive investment sales and
disposition services with access to thousands of domestic and foreign investors.
Roberto Casas.
JLL is also one of the nation’s
largest affordable and conventional multi-housing and seniors housing lenders
with comprehensive loan underwriting, asset management and loan servicing
capabilities.
Agency/GSE lending and loan
servicing are performed by JLL Real Estate Capital, LLC, a wholly owned
indirect subsidiary of Jones Lang LaSalle Incorporated. Loans made or arranged
in California are pursuant to a California Financing Law license.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
The firm's in-depth local market and global
investor knowledge delivers the best-in-class solutions for clients — whether
investment sales and advisory, debt advisory, equity advisory or a recapitalization. 
Cristian Sieman
The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For
more news, videos and research resources on JLL, please visit our newsroom.
CONTACT:
Jenna Sharp
JLL, Public Relations
Dallas, Texas
M +1 214 394 3356
