AURORA, IL—HFF has arranged financing for New York City-based Abacus Capital Group LLC for its recent acquisition of AMLI at Oakhurst North, a 464-unit apartment community here along Interstate 88.
Abacus purchased the property two months ago from AMLI Residential Properties Trust for a reported $60 million. HFF placed financing for the purchase through Freddie Mac’s CME Program. The amount of the financing was not disclosed.
The property consists of two- and three-story residential buildings with one- and two-bedroom units averaging 1,012 square feet each.Community amenities include an indoor lap pool as well as an outdoor pool, 24-hour fitness center, business center, picnic area and tot lot.
The HFF investment sales team representing the seller was led by Matthew Lawton, executive managing director, along with managing directors Sean Fogarty and Marty O’Connell.Mona Carlton, senior managing director, led HFF’s debt placement team.