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Dallas-Fort Worth leads the country in apartment investment with more than $2 billion in sales, according to estimates from MSCI Inc. Nestled in the heart of the Design District, Amli offers a prime location with easy access to Uptown, Downtown, and Park Cities. Its address is one of the most sought-after in Dallas, providing residents with a seamless blend of convenience and luxury.
JLL Capital Markets Arranged the Sale and Acquisition Financing for the 314-Unit AMLI Design District - Yield PRO magazine
JLL Capital Markets Arranged the Sale and Acquisition Financing for the 314-Unit AMLI Design District.
Posted: Mon, 16 Oct 2023 07:00:00 GMT [source]
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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.
Class A multi-housing asset in Dallas trades - JLL
Class A multi-housing asset in Dallas trades.
Posted: Mon, 16 Oct 2023 07:00:00 GMT [source]
W Residences 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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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.
Shariff CPA Firm, P.C.
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.
Carneal Simmons Contemporary Art
But let us assure you, this soaring success is no coincidence – it’s a testament to the city’s rich history, unique culture, and invigorating energy. It’s no surprise that Dallas is one of the top relocation destinations for young professionals! From opulent highrise apartments and a cutting-edge restaurant scene to charming downtown lofts and an eclectic arts scene, Dallas offers a delightful blend of living experiences for everyone. Amli Residential has hired JLL brokers to sell the 23-story Amli Design District apartment tower at 1400 Hi Line Drive, near the Victory Park neighborhood, the Dallas Morning News reported. It is one of the largest residential high-rises listed for sale in North Texas.
Marketplace
It’s one of the largest residential high-rises listed for sale in North Texas. Near Amli Design District, the 28-story Cirque apartment tower was listed about six months ago and is still on the market. The 252-unit luxury high-rise was valued at $85 million at the time of the listing.
Plus 3 LLC
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. 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 28-story Cirque apartment tower in Victory Park is also on the market. Built in 2008, the 252-unit building has been owned by a New York-based real estate investor since 2016.
Dallas A Lifestyle
Amli Design District contains 314 luxury units, with floor plans ranging from studios to two-bedrooms. The site also includes ground-floor retail and a sixth-floor amenity deck with a swimming pool, grass courtyard and fitness center. 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.
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.
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.
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.
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.
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