JLL Capital Markets has successfully secured a joint venture equity partnership for the development of Allesandro Apartments, a 43-unit multifamily project located in the vibrant Echo Park neighborhood of Los Angeles. The sponsor, A.J. Khair Construction Inc., was represented by JLL in this transaction.
The terms of the deal have not been disclosed. Led by Senior Managing Director Jeff Sause, Director Chad Morgan and Analyst Jalynn Borders, JLL’s equity advisory team facilitated this partnership.
Expected to be completed by 2026, Allesandro Apartments will offer spacious one- and two-bedroom units with an average size of 928 square feet. The property is situated at 1667 Allesandro St., on the border between Echo Park and Silver Lake – two highly populated neighborhoods that lie between Downtown LA and Koreatown to the south and Los Feliz to the north. Residents will enjoy easy access to numerous cultural attractions as well as convenient proximity to three major highways: I-5, US-101,and I-110.
