NEW YORK, NY – February 7, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured $165 million in financing for the development of One Boerum Place, a 21-story, luxury mixed-use condominium development in Downtown Brooklyn.

HFF worked on behalf of One Boerum Development Partners LLC, a joint venture between Allegra Holdings, Avery Hall Investments and Aria Development Group, to arrange the floating-rate construction loan with a foreign pension fund.

One Boerum Place will be situated in Downtown Brooklyn’s Borough Hall district at the convergence of some of the area’s most coveted neighborhoods, including Boerum Hill, Cobble Hill, Brooklyn Heights and Fort Greene.  Due for completion in the first quarter of 2021, the 122-unit project will be steps from the A, C, F, 2, 3, 4, 5 and R subway lines, providing excellent connectivity around New York City.  The building’s design includes spacious layouts in a variety of one- through four-bedroom floorplans, which will provide sweeping views of the Manhattan and Brooklyn skylines, the East River and New York Harbor.  Units will feature high-end finishes, including gourmet kitchens with Miele appliances, custom cabinetry and stone countertops.  Bathrooms will have freestanding bathtubs, stone floors and walls and chrome finishes.  One Boerum Place is also planned to include a full suite of amenities, such as a pool with sauna and changing room area, two-story fitness center, entertainment lounge, children’s playroom, landscaped rooftop with outdoor kitchen, fully attended lobby with 24/7 doorman and concierge service, residential storage and a fully automated parking garage.  In addition, the project will feature nearly 22,000 square feet of ground-floor retail space.

The HFF debt placement team included managing directors Christopher Peck and Graham Stephens, senior director Peter Rotchford and associate Alex Staikos.

“HFF delivered unparalleled service for our partnership and have a firm command of the market options available to top-quality sponsorship,” said Avi Fisher, Avery Hall’s founding principal.  “We look forward to continuing to work together in the future.”

“It’s always exciting to introduce new capital to a market and watch our client build something special,” Peck said.

HOUSTON, TX – February 7, 2019 – HFF announces it has closed the sale of Vanderbilt Court, a 164-unit, garden-style multi-housing community in Southwest Houston.

HFF marketed the property exclusively on behalf of the seller, 37th Parallel, and procured the buyer, Indus Management Group.

Vanderbilt Court is situated on more than five acres at 12630 Ashford Point Drive approximately one half of a mile from the intersection of S. Dairy Ashford Road and Westpark Tollway.  Originally constructed in 1983, the value-add, vintage property features of a mix of efficiency units and one- and two-bedroom townhome units averaging 835 square feet.  Community amenities include a clubhouse, business center, fitness center, two resort-style swimming pools, hot tub and sundeck with outdoor dining space.  More than $1.2 million of renovations to the property have been completed since 2011, including new roofing, all new HVAC systems, exterior painting, new signage and amenity improvements.

The HFF investment advisory team representing the seller included directors Joey Rippel and Chris Young.

DENVER, CO – February 4, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of EVIVA on Cherokee, a Class AA, high-rise apartment building in the Golden Triangle neighborhood of Denver, Colorado.

The HFF team marketed the asset exclusively on behalf of the project’s developer and seller, a partnership between The Integral Group LLC, a national real estate development and investment firm headquartered in Atlanta, and Wanxiang America Real Estate Group, a Chicago-based real estate investment firm.

EVIVA on Cherokee is a Class AA 18-story, concrete constructed building completed in 2017.  Located at 1250 Cherokee Street, the property is ideally located in Denver’s Golden Triangle neighborhood within one block of the Daniel Libeskind-designed Denver Art Museum, the Clyfford Still Museum and the Kirkland Museum, among several other museums and art galleries.  EVIVA on Cherokee is also ideally located between Denver’s CBD and Cherry Creek and is within walking distance to popular dining and entertainment options.

Homes at EVIVA on Cherokee average approximately 820 square feet and feature industrial-inspired finishes such as exposed concrete, high-gloss custom cabinetry, quartz countertops, stainless steel appliances, sliding barn doors and floor-to-ceiling windows offering stunning city and mountain views.  Community amenities include a resort-style saltwater pool with private cabanas, outdoor grilling area, bocce ball court, fire pits, state-of-the-art fitness center, movie room with billiards, demonstration kitchen, private indoor/outdoor conference room, rotating art gallery throughout the common areas, dog wash and 24-hour concierge services.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and directors Anna Stevens, Mack Nelson and Chris White.

“EVIVA on Cherokee is a best-in-class, trophy asset located in the highly desirable Golden Triangle neighborhood, one of Denver’s most exciting creative districts,” Robbins said.  “The limited availability of concrete, high-rise apartment communities in Denver created significant interest in the asset.”

ORLANDO, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $60 million construction loan for Lake House, a luxury, waterfront, high-rise apartment community to be developed in the heart of Orlando’s Ivanhoe Village.

HFF worked exclusively on behalf of the developer, a partnership between Sumitomo Corporation of Americas, FINFROCK and OneEleven Residential, to arrange the floating-rate construction loan.

Slated for completion in 2020, Lake House will feature 252 luxury apartment and townhome units in a variety of studio, one-, two- and three-bedroom floor plans averaging 972 square feet along with more than 36,000 square feet of ground-level commercial space and structured parking.  The nine-story project will be located at 301 NE Ivanhoe Boulevard along the shores of Lake Ivanhoe, which will offer residents unmatched waterfront and city views and will allow for immediate accessibility to some of the region’s largest employment centers, including Downtown Orlando, Florida Hospital’s Health Village Campus and the Orlando Regional Medical Center.

The HFF debt placement team representing the borrower included senior director Brett Moss, senior managing director Michael Weinberg and analysts Tyler Swidler and Alec Fox.

“The marketing process was extremely competitive given the infill, waterfront location in the heart of the highly desirable Ivanhoe Village neighborhood,” Moss said.  “Furthermore, investors and lenders alike have taken note of the continued strong multi-housing fundamentals being fueled by Orlando’s nation-leading job growth and population growth figures.”

“The architectural design of the community was greatly enhanced by thoughtful input provided by various neighborhood associations,” noted OneEleven Residential’s John Zeledon.  “I’ve been an active multifamily developer for about 25 years and working with members of the neighborhood associations was one of the most rewarding and beneficial experiences of my career.”

HFF has arranged financing for several multi-housing deals in Downtown Orlando during the past 18 months, including Radius Apartments, Paramount on Lake Eola and the mixed-use, student housing community at UCF’s urban campus at Creative Village.

MIAMI, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32.8 million in financing for the acquisition of Heights at Old Peachtree, a 258-unit, Class A, garden-style apartment community in the Northeast Atlanta community of Suwanee, Georgia.

The HFF team worked exclusively on behalf of the borrower, Momentum Real Estate Partners, LLC, to secure the seven-year, fixed-rate loan with a correspondent life insurance company.  The loan includes five years of interest-only payments.

Heights at Old Peachtree is prominently situated immediately northwest of the Old Peachtree Road and Interstate 85 interchange in Gwinnett County, which positions it near numerous retail, entertainment and recreational amenities.  In addition, the area has also recently experienced several large corporate relocations and expansions adding to the existing employment base.  Heights at Old Peachtree offers seven unique one-, two- and three-bedroom floor plans averaging 941 square feet.  In addition to in-home amenities, including stainless steel appliances, granite countertops and large soaking tubs, the community features a resort-style pool, an outdoor entertainment area with grilling station and fire place, fitness center, clubhouse, professional chef’s kitchen, private conference room, car care center and a scenic lakefront nature trail.  The property is 95 percent occupied.

The HFF debt placement team representing the borrower included managing director Elliott Throne, director Ware Shipman and associate Jesse Wright.

“Heights at Old Peachtree represents Momentum’s first acquisition in the Atlanta MSA and it fits perfectly into their investment thesis to acquire high-quality assets in high-growth submarkets,” Shipman said.  “Momentum, along with their loan from a best-in-class life insurance company, will capitalize on Northeast Atlanta’s progress.  Gwinnett County’s population continues to swell as residents follow the major employers that have relocated to or expanded in the I-85 corridor.”

MIAMI, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32.8 million in financing for the acquisition of Heights at Old Peachtree, a 258-unit, Class A, garden-style apartment community in the Northeast Atlanta community of Suwanee, Georgia.

The HFF team worked exclusively on behalf of the borrower, Momentum Real Estate Partners, LLC, to secure the seven-year, fixed-rate loan with a correspondent life insurance company.  The loan includes five years of interest-only payments.

Heights at Old Peachtree is prominently situated immediately northwest of the Old Peachtree Road and Interstate 85 interchange in Gwinnett County, which positions it near numerous retail, entertainment and recreational amenities.  In addition, the area has also recently experienced several large corporate relocations and expansions adding to the existing employment base.  Heights at Old Peachtree offers seven unique one-, two- and three-bedroom floor plans averaging 941 square feet.  In addition to in-home amenities, including stainless steel appliances, granite countertops and large soaking tubs, the community features a resort-style pool, an outdoor entertainment area with grilling station and fire place, fitness center, clubhouse, professional chef’s kitchen, private conference room, car care center and a scenic lakefront nature trail.  The property is 95 percent occupied.

The HFF debt placement team representing the borrower included managing director Elliott Throne, director Ware Shipman and associate Jesse Wright.

“Heights at Old Peachtree represents Momentum’s first acquisition in the Atlanta MSA and it fits perfectly into their investment thesis to acquire high-quality assets in high-growth submarkets,” Shipman said.  “Momentum, along with their loan from a best-in-class life insurance company, will capitalize on Northeast Atlanta’s progress.  Gwinnett County’s population continues to swell as residents follow the major employers that have relocated to or expanded in the I-85 corridor.”