Hasta Capital Acquires Amli Design District Luxury Tower In Dallas
1400 Hi Line Drive
Building Size
—
Asset Type
MultiFamily
Closing
Oct 5, 2023
AI
International investor Hasta Capital has purchased the 23-story Amli Design District apartment tower in Dallas. The luxury tower, located at 1400 Hi Line Drive, consists of 314 units. The transaction, which took place on October 5, 2023, was facilitated with a $58.4 million loan from JLL Real Estate Capital.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $58.4 million
- Units: 314
- Address: 1400 Hi Line Drive, Dallas
- Market: Dallas
Hasta Capital, led by Mark Hafner, acquired the Amli Design District tower. The seller of the property was Amli Residential, represented by Greg Mutz. JLL served as the broker for this transaction, while also providing the loan through JLL Real Estate Capital.
Players
Dallas MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93