Class A multi-housing asset in Dallas trades

DALLAS, Oct. 16, 2023 – JLL Capital Markets announced today that it 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.

JLL represented the seller, AMLI Residential, and procured an international real estate investor as buyer, HASTA Capital. 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. “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. The property features studio, one- and two-bedroom units with gourmet kitchens, stainless-steel appliances, spa-style bathrooms, walk-in closets, full-size washers and dryers, quartz countertops, floor-to-ceiling windows and hardwood-style vinyl floors. 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. 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. 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. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Recently named a 2023 USGBC LEED Homes Awards Outstanding Developer and Power Builder, AMLI Residential focuses on the development, acquisition and management of environmentally responsible apartment communities throughout the U.S. Founded in 1980, AMLI is owned by PRIME Property Fund, a core commingled institutional fund. AMLI owns and manages 76 apartment communities, including approximately 25,700 apartment homes, and has over 2,500 additional apartment homes under development at six new communities. AMLI is a leader in multifamily sustainability. Forty-eight AMLI communities are LEED®-certified and 44 communities are ENERGY STAR®-certified. For more information, visit www.amli.com.