Great Republic Lofts

Jones Lang LaSalle Americas, Inc., as exclusive advisor, is pleased to present for sale for the first time ever, Great Republic

Lofts (the “Property”, or the “Asset”), an irreplaceable art-deco style high-rise property located in the bustling employment

and entertainment hub of Downtown Los Angeles. An adaptive reuse, ownership converted an office building into

condominiums in 2008 but ultimately leased the building as market rate multi-housing. Great Republic Lofts presents

an opportunity to acquire a well-maintained historic asset proximate to top employers, that is not subject to rent control,

benefits from tax savings via the Mills Act, and is offered significantly below replacement costs.

Originally constructed as a high-end office in 1928, Great Republic Lofts was converted to 72 luxury condominiums in 2008

by a multi-generational family office and designed by David Gray Architects. The 13-story asset features an efficient mix of

one-bedroom floor plans, including 40 corner homes with unobstructed views. All residences feature trendy exposed brick

accents, designer stainless-steel appliances, expansive windows, and washer/dryer hookups. On average, homes are 14%

(±101-sf) larger than the Downtown average, presenting a durable competitive advantage. Uniquely, Great Republics Lofts

features a rooftop spa and Skydeck retreat, inclusive of a large open-air garden, jacuzzi tub, and outdoor fitness studio,

situated on the backdrop of the Downtown skyline. Positioned on the corner of Spring and Main Streets, residents may

easily navigate Downtown via the dedicated bikes lanes along main street, or nine bus stops located within a 1-block radius,

resulting in an astounding 100-TransitScore and 97-WalkScore. The Property’s ideal location is to the benefit of residents as

the asset benefits from 360 degree natural light.

Over the past decade, only four high-rise transactions have occurred in Downtown Los Angeles below the $50M mark, and

none in nearly three years, making Great Republic Lofts a unique opportunity.