JLL Capital Markets arranged a joint venture equity partnership for Allesandro Apartments, a to-be-built, 43-unit multifamily project in the Echo Park neighborhood of Los Angeles. The firm represented sponsor A.J. Khair Construction, Inc. to arrange the JV equity partnership.
Terms of the transaction were not disclosed. The JLL Capital Markets equity advisory team was led by senior managing director Jeff Sause, director Chad Morgan and analyst Jalynn Borders
With an anticipated completion of 2026, the project will consist of large one- and two-bedroom units, averaging 928 square feet. Situated at 1667 Allesandro St., the property is positioned on the border of the Echo Park and Silver Lake neighborhoods, two of Los Angeles’ densest neighborhoods between Downtown and Koreatown to the south and Los Feliz to the north. The property is surrounded by an abundance of cultural amenities, and residents will also benefit from its location between three of Southern California’s major arterials, including I-5, US-101 and I-110.
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