JLL Capital Markets announced that it has arranged a joint venture equity partnership for Allesandro Apartments, a to-be-built, 43-unit multi-housing project in the Echo Park neighborhood of Los Angeles, California.
JLL represented the Sponsor, A.J. Khair Construction, Inc., to arrange the joint venture equity partnership.
Situated at 1667 Allesandro Street, the property is strategically positioned on the border of the burgeoning Echo Park and Silver Lake neighborhoods, two of Los Angeles’ densest neighborhoods nestled between Downtown and Koreatown to the south and Los Feliz to the north. Allesandro Apartments are surrounded by an abundance of cultural amenities, including an array of trendy entertainment venues, restaurants and a flourishing arts scene, drawing in a diverse mix of long-time residents and a fresh influx of young professionals. Residents will also benefit from its location between three of Southern California’s major arterials, including I-5, US-101 and I-110.
The JLL Capital Markets Equity Advisory team was led by Senior Managing Director Jeff Sause, Director Chad Morgan and Analyst Jalynn Borders.
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 and sales 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.
Founded in 2004, A.J. Khair Construction, Inc. is a Southern California based real estate development and construction firm specializing in multifamily, lodging, and commercial mixed-use developments including hotel rooms, retail space, and residences. A.J. Khair’s experience not only as a developer but also as a contractor provides the distinct advantage of identifying, planning and constructing projects that are on-time and cost effective. The company takes pride in crafting real estate developments distinguished by their high-quality design and construction. To uphold their reputation, they collaborate closely with city officials, renowned architects, and handpicked subcontractors, ensuring the delivery of extraordinary products.
