FLORHAM PARK, NJ – November 7, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $43 million sale of The Fairview, a 12-story, Class A apartment property in Fairview, Bergen County, New Jersey.

The HFF team marketed the property exclusively on behalf of seller, Roizman Development Inc.  J.P. Management purchased the property free and clear of existing debt.

The Fairview is located at 371 Bergen Boulevard within the prestigious Bergen County Hudson Waterfront submarket, which provides commuters accessibility into Manhattan via a variety of transportation options.  The property consists of a diverse mix of 146 market-rate one-, two- and three-bedroom units averaging 991 square feet.  After a full renovation and repositioning in 2017, residences are equipped with in-unit washers and dryers, stainless steel appliances, quartzite countertops, hardwood flooring and balconies in select units.  The property also offers a swimming pool, fitness center, covered parking, controlled access and views of the New York City skyline. 

The HFF investment advisory team representing the seller included Jose Cruz, Stephen Simonelli, Kevin O’Hearn, Michael Oliver, Jordan Avanzato and Ryan Robertson.

“The property’s location in the heart of Fairview in Bergen County helped to drive investor interest while the recent renovation and upside in rents pushed pricing,” Cruz stated.

DENVER, CO – November 6, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $55.2 million in financing Advenir at French Quarter, a 436-unit multi-housing community in Denver, Colorado.

The HFF team worked on behalf of the borrower, Advenir, Inc., to secure the seven-year, fixed-rate loan through Freddie Mac’s CME Program.  The securitized loan was used to refinance existing floating-rate debt on the property, and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Advenir at French Quarter consists of 436 one- and two-bedroom floorplans within 26 three- and five-story residential buildings.  Located at 3227 South Parker Road, the 95.14-percent-leased property is five miles northeast of the Denver Tech Center, which contains 9.4 million square feet of office space.  Advenir at French Quarter is also within walking distance to the light rail and major transit corridors, including Interstate 25 and 225.  Community amenities include an outdoor pool, sports field, tennis courts, playground, bark park, fitness center and espresso café.

The HFF team representing the borrower included senior managing director Eric Tupler and managing director Josh Simon.

CHARLOTTE, NC – November 5, 2018 – HFF announces the sale and financing of Southpoint Glen, a 346-unit, suburban, garden-style apartment community in Durham, North Carolina. 

The HFF team marketed the property on behalf of the seller, TH Real Estate, an affiliate of Nuveen (the investment manager of TIAA).  StoneBridge Investments purchased the property free and clear of existing financing.  Additionally, HFF’s debt placement team worked on the new owner’s behalf to secure a seven-year, fixed-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Southpoint Glen is located at 5800 Tattersall Drive in a high-growth zip code accessible to employers within Research Triangle Park as well as lifestyle amenities, including 1.3 million square feet of retail at The Streets at Southpoint Mall, more than 20 miles of greenway at the American Tobacco Trail and downtown Durham’s urban center.  The property consists of a mix of one-, two- and three-bedroom layouts averaging 885 square feet with upgrades such as new cabinetry, granite-like countertops, stainless steel appliances and new lighting/hardware.  Community amenities include a swimming pool, grill and picnic area, fire pit, outdoor kitchen, sand volleyball court, 24-hour fitness center, clubhouse, business center, dog park and children’s playground.

The HFF investment advisory team representing TH Real Estate included managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

HFF’s debt placement team representing StoneBridge consisted of managing director Elliott Throne and senior director Roger Edwards.

CHARLOTTE, NC – November 5, 2018 – HFF announces the $73.92 million sale of and acquisition financing for Weston Corners, a newly built, 308-unit, mid-rise multi-housing community in Cary, North Carolina.

The HFF team marketed the property on behalf of the seller, Woodfield Development, and procured the buyer, Lantower Residential.  Additionally, HFF’s debt placement team worked exclusively on the new owner’s behalf to arrange an acquisition loan through New York Life Real Estate Investors.

Completed this year, Weston Corners features a mix of studio, one-, two- and three-bedroom units with high-end amenities, including 10-foot ceilings, stainless steel appliances, quartz countertops, designer kitchen cabinetry and lighting, walk-in custom closets, full-sized washers and dryers, hardwood-style flooring and balconies.  Common area amenities include a pool with sundeck and outdoor kitchen, sky terrace, fitness center with yoga room, massage room, dog spa, clubroom with kitchen and game room, conference room and Wi-Fi lounge, outdoor courtyards and direct access to the Indian Creek Greenway and Trailhead.  Situated just south of Crabtree Lake at 6000 Elevate Circle, the property is central to Research Triangle Park, Raleigh-Durham International Airport, North Carolina State University via nearby Interstate 40 as well as downtown Raleigh, Durham and Chapel Hill.

The HFF investment advisory team representing Woodfield Development included managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

HFF’s debt placement team representing Lantower Residential consisted of senior directors Jamie Leachman and Roger Edwards.

MIAMI, FL – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale and financing of a three-property apartment portfolio totaling 1,048 units in the high-growth submarkets of Broward and Pinellas Counties in Florida.

The HFF team marketed the offering on behalf of the seller, and procured the buyer, a joint venture between KKR, a leading global investment firm, and Carroll Organization.  Additionally, HFF’s debt placement team worked on the new owner’s behalf to secure three separate Freddie Mac-funded acquisition loans.  The Hamptons, which was funded by Freddie Mac’s CME Program, is a 688-unit property located at 1400 Avon Lane in North Lauderdale.  Vinings at Hampton Village, which is a 168-unit property located at 1200 Hampton Boulevard in North Lauderdale, and Sugar Mill Creek, a 212-unit community located at 8500 Belcher Road North in Pinellas Park, were funded by Freddie Mac’s Green Up Program.  The securitized loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Green Advantage Loans.  All three of the garden-style properties offer accessibility to neighboring employment centers, world-class retail and desirable recreational activities via nearby expressways.

The HFF investment advisory team representing the seller included senior managing director Roberto Casas, senior director Maurice Habif, managing director Jaret Turkell, senior managing director Matt Mitchell and director Zach Nolan.

HFF’s debt placement team representing the new owner consisted of managing director Elliott Throne, senior managing director Ed Coco and associate Ware Shipman.

PORTLAND, OR – November 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $84.3 million sale of and acquisition financing for Arbor Creek, a 440-unit, garden-style apartment community in Beaverton, Oregon.

The HFF team marketed the asset exclusively on behalf of the seller, Jackson Square Properties, and procured the buyer, Security Properties.  Additionally, HFF’s debt placement team worked on behalf of the new owner to secure a seven-year, floating-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.  HFF originally marketed the property to Jackson Square Properties upon its acquisition of the asset in 2014.

Arbor Creek is situated on 22 acres at 3280 SW 170th Avenue approximately 1.5 miles from Nike World Headquarters and within 10 minutes of the Intel Ronler Acres Campus and other major area employers.  Additionally, the property is adjacent to the 222-acre Tualatin Hills Nature Park and offers nearby access to some of the MSA’s top retail centers, major transportation arteries and public transit options.  Originally completed in 1984, Arbor Creek includes one- and two-bedroom units averaging 768 square feet each, 360 of which have been renovated since 2012.  Community amenities include a swimming pool, spa, fitness center, basketball/sport court, indoor racquetball court, playground, clubhouse and business center.

The HFF investment advisory team representing the seller included senior managing director Ira Virden and director Carrie Kahn.

HFF’s debt placement team representing the new owner consisted of senior managing director Charles Halladay, directors Scott Gilson and Charlie Watson.