AMLI Warner Center Apartments 21200 Kittridge St, Los Angeles, CA 91303
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Dallas-Fort Worth leads the country in apartment building sales with more than 30,000 units changing hands in the first half of 2023. Among Dallas’ most distinguished residential offerings is Amli Design District, an exclusive address that has recently undergone a remarkable renovation. Featuring expansive studio, one, and two-bedroom apartments, Amli Design District provides access to lavish private amenities and unparalleled services tailored to suit your individual lifestyle. Keep reading to learn more about this exclusive highrise located in the heart of Dallas. With its remarkable growth and boundless opportunities, Dallas stands tall as one of the fastest-growing cities in the U.S.
Design District Fine Arts Center
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. 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.
Galleri Urbane Dallas
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 apartment high-rise has ground-floor retail and a sixth-floor amenity deck with swimming pool, grass courtyard and fitness center.
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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. The 23-story Amli Design District apartment tower at 1400 Hi Line Drive was built in 2013 and includes 314 luxury rental units overlooking Stemmons Freeway. The high-rise near Victory Park has been owned by Chicago-based Amli Residential since 2016. JLL represented the seller, AMLI Residential, and procured an international real estate investor as buyer, HASTA Capital.
Design District tower sells to international investor - The Dallas Morning News
Design District tower sells to international investor.
Posted: Thu, 05 Oct 2023 07:00:00 GMT [source]
Laura Rathe Fine Art
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.
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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. The sale of the Amli tower follows the recent purchase of the 26-story Cirque apartment tower in Victory Park. The investor also owns the 218-unit Mondrian apartment high-rise in Dallas’ Cityplace community.
Forty-eight AMLI communities are LEED®-certified and 44 communities are ENERGY STAR®-certified. AMLI Design District (formerly 1400 Hi Line) is the first residential high-rise to go up in Dallas's popular design district. This is a rental building that features a lot of amenities you would typically fine in a high-end condominium tower. For instance, there is an infinity-edge saltwater pool, a Skyline resident lounge and a nearly 1 acre elevated private park with great views of downtown.
You’ll find yourself surrounded by upscale shopping, dining, and entertainment options, making it a paradise for foodies and fashion lovers alike. The Design District tower is one of two downtown Dallas-area apartment high-rises being marked by JLL. Steve covers commercial and residential real estate in Dallas-Fort Worth. The Design District property was purchased with a $58.4 million loan provided by JLL Real Estate Capital, county records show. With offices in Mexico and Florida, Hasta Capital develops, manages and invests in apartment properties in the U.S. and Latin America, including in Florida, Maryland, Virginia, Colombia and Mexico.
An international investor has purchased one of the largest towers in Dallas’ Design District. Amli Residential, led by CEO Gregory Mutz, bought the high-rise in 2016, roughly three years after it was built. JLL is marketing the property as a value-add opportunity “at a significant discount to replacement cost,” the outlet reported. Since 2016, the residential high-rise at 1400 Hi Line Drive has been owned by Chicago-based Amli Residential. The building is near Victory Park at the entrance to the Design District. Nature enthusiasts will appreciate Amli Design District’s proximity to the beautiful Klyde Warren Park, a 5.2-acre public park that serves as an oasis of tranquility amidst the bustling cityscape.
Rents in the building, which is about 90% leased, average more than $2,400 a month. The tower was purchased by a partnership organized by international real estate investor Hasta Capital. In a city full of fascinating neighborhoods, the Dallas Design District has carved out an identity all its own! Commercial property firm Jones Lang LaSalle is marketing the tower to investors.
Take a leisurely stroll and discover the captivating exhibits at Patrick Jones Gallery, housing an exclusive collection of art by prominent Modern and Contemporary artists from across the globe. Head to Ascension Coffee to satisfy your caffeine cravings and sample their Award-Winning Cold Brew and freshly made breakfast bagels. It’s tough to predict what Amli Design District might sell for, as few apartment buildings in DFW have traded in recent months. Rise48 just acquired the Cantebria Apartments in Bedford, and though terms of the deal weren’t disclosed, the building is valued for tax purposes at just under $30 million. For more news, videos and research resources on JLL, please visit our newsroom. “This unique offering allows a potential buyer to invest in a high-rise value-add opportunity at a significant discount to replacement cost,” according to JLL’s marketing pitch.
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