JLL acted as the representative for AMLI Residential, a renowned developer of eco-friendly luxury apartment communities based in Chicago, in the sale of their high-rise multi-housing property known as AMLI Design District. This Class A mixed-use asset comprises 314 units and is situated in Dallas, Texas.
HASTA Capital, an international real estate investor, was successfully procured by JLL as the buyer for this property. Additionally, JLL assisted the new owner with securing acquisition financing through Freddie Mac Multifamily and will continue to service this loan through its subsidiary company JLL Real Estate Capital LLC., which is also a lender under Freddie Mac Optigo℠.
The team at JLL that worked on this deal consisted of Senior Managing Directors Roberto Casas (active voice), Melissa Quinn (active voice) and Lee Weaver (active voice), along with Vice President Rob Rothaug (active voice) and Analyst Cristian Sieman (proper grammar). The local Dallas Debt Advisory team comprising Director Lauren Dow and Associate Chris Grievous also played a crucial role in finalizing this transaction.
Constructed originally in 2013 , AMIL Design District boasts 312806 square feet of residential space along with ground-floor retail spanning over an area measuring 26830 square feet . It also features a spacious covered parking garage.
This news article highlights how Chicago-based developer AMLI Residential has sold one of its sustainable luxury apartment communities located within Texas’ bustling city – Dallas. The sale was facilitated by global real estate firm JLL who represented both parties involved- seller being AMIL Residential while HASTA Capital emerged as successful buyers after rigorous negotiations carried out by experts from both sides.
