Thursday, August 30, 2012

HFF marketing for sale 464-unit multi-housing community in suburban Chicago

 CHICAGO, IL – HFF announced today that it has been selected to market the sale of AMLI at Oakhurst North (top left photo), a 464-unit, Class A multi-housing community in Aurora, Illinois.

HFF is marketing the property exclusively on behalf of the seller, AMLI Residential Properties Trust.  The property is listed without a sales price, free and clear of existing debt.

Located at 2800 AMLI Drive, AMLI at Oakhurst North is close to the Westfield Fox Valley Mall and Interstate 88 in the Naperville/Aurora submarket in Chicago’s western suburbs. 

 The property has 29 two and three-story residential buildings with one- and two-bedroom units averaging 1,012 square feet each.  Residents have access to an indoor lap pool as well as an outdoor pool, a 24-hour fitness center, business center, picnic area and tot lot.  AMLI at Oakhurst North is 95 percent leased.

The HFF investment sales team representing the seller is led by executive managing director Matthew Lawton (middle right photo) along with managing directors Sean Fogarty (lower left photo) and Marty O’Connell (lower right photo).

“While the apartment homes at AMLI at Oakhurst North are fully amenitized, a new owner has the opportunity to increase rents with particular unit upgrades such as updating kitchen countertops and flooring as well as bathroom and lighting improvements,” said Lawton. 

 “These are spacious homes with unique floor plans located in a very strong apartment submarket, which should be appealing to numerous multi-housing operators.”  

 AMLI is one of the preeminent multifamily companies in the nation. The company is focused on the development, acquisition and management of luxury apartment communities.
 MATTHEW D. LAWTON                      
HFF Executive Managing Director           
(312) 528-3650                                                                    
HFF Associate Director, Marketing
(713) 852-3500

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