PHILADELPHIA, PA – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $42.5 million sale of Stone Rise, a 216-unit, Class A multi-housing community in the Philadelphia suburb of Glenmoore, Pennsylvania.

The HFF team marketed the asset on behalf of the seller, an indirect wholly owned subsidiary of Preferred Apartment Communities, Inc. (NYSE: APTS).  FPA Multifamily, LLC purchased the offering free and clear of existing financing.

Stone Rise is located 900 Selwyn Place in affluent Chester County.  Constructed in 2008, the eight-building property is set on 21 low-density acres near luxury retail, award-winning restaurants, sought-after schools and several heavily traveled thoroughfares, including the Pennsylvania Turnpike, Route 202, Route 30 and Route 422.  The unit mix comprises a diverse blend of one- and two-bedroom apartment homes with open floor plans averaging 1,078 square feet.  All units have breakfast bars, garden tubs, nine-foot ceilings, washers and dryers, and private patios or balconies.  Community amenities include a resort-style pool, 24-hour fitness center, large dog park and business center.

The HFF team representing the seller included senior managing directors Mark Thomson and Ed Coco, senior director Carl Fiebig and director Fran Coyne.

HOUSTON, TX – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Villa Lago, a 204-unit, Class A garden-style apartment community in Fort Worth, Texas.

The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.48 percent.  Loan proceeds were used to refinance existing debt.

Villa Lago is located at 8201 Boat Club Road less than six miles north of Interstate 820 in the northwest Fort Worth submarket of Tarrant County.  Completed in 2008, the property sits on an 11.5-acre site consisting of 10 two- and three-story residential buildings comprising units averaging 912 square feet.  Units feature walk-in closets, hardwood-style flooring, oversized garden tubs, in-unit washers and dryers, and patios or balconies. Community amenities include a swimming pool, outdoor grilling areas, fitness center, business center, two bark parks, covered parking/detached garages and views of nearby Eagle Mountain Lake.  

The HFF debt placement team representing Venterra included managing directors Cortney Cole and Steve Heldenfels.

CHICAGO, IL – October 2, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Springs at Jordan Creek, a 160-unit, Class A apartment community in West Des Moines, Iowa.

The HFF team marketed the property exclusively on behalf of the seller, Continental Properties, and procured the buyer, Milwaukee-based Mandel Group, Inc.

Springs at Jordan Creek is situated on 12.05 acres at 8655 Bridgewood Boulevard less than two miles south of Interstate 80 and approximately 13 miles southwest of downtown Des Moines.  Set on park-like grounds, the garden-style property offers a mix of studio through three-bedroom residential units.  The property’s two-story, townhome-style units feature hardwood-style floors, granite countertops, stainless-steel appliances, island breakfast bars, soaking tubs, nine-foot ceilings, walk-in closets, and in-unit washers and dryers.  Common area amenities include a swimming pool, 24-hour fitness center, clubhouse, business center, coffee bar and a leash-free pet playground.  Springs at Jordan Creek was 96 percent occupied at closing.

The HFF investment advisory team representing the seller included senior director David Gaines and senior managing director Sean Fogarty along with managing director Jules Sherwood, a licensed Iowa real estate broker.

Springs at Jordan Creek marks the third sale during the last 10 months in the greater Des Moines area that the HFF team transacted, including Springs at Waukee and Autumn Ridge Apartments (Phase I), both located in nearby Waukee, Iowa.

WASHINGTON, D.C. – October 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $30.128 million in acquisition financing for Greens at Hilton Run, a 328-unit, garden-style apartment community in Lexington Park, Maryland.

The HFF team worked on behalf of the borrower, Charger Ventures LLC, to secure the 10-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.

Originally completed in 1988 and 1992, Greens at Hilton Run comprises one-, two- and three-bedroom units averaging 927 square feet each.  The community is located at 46860 Hilton Drive in St. Mary’s County near the Chesapeake Bay waterfront and the mouth of the Patuxent River.  Charger Ventures plans to continue the previous owner’s interior unit renovation program as well as upgrades to the clubhouse and amenities.

The HFF debt placement team representing the borrower included Jamie Leachman and Nicole Brickhouse.

BOSTON, MA – October 1, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of Chelsea Place, a LEED Silver, transit-oriented apartment community located just outside of Boston in Chelsea, Massachusetts.

The HFF team represented the seller, Federal Realty Investment Trust, and procured the buyer, John M. Corcoran & Co.

Completed in 2013, Chelsea Place offers units averaging 909 square feet each and featuring top-of-the-line finishes such as stainless steel appliances, walk-in closets, central AC and en-suite laundry.  The 98-percent-leased property has unmatched community amenities epitomizing the very best of urban living, including a resident lounge and coffee bar, a unique urban outdoor lounge, fitness center and garage parking.  Chelsea Place is situated adjacent to Chelsea Commons, a premier community shopping center and close to the FBI New England headquarters and the The ENCORE Boston Harbor, a world-class entertainment destination scheduled to open in June 2019.  Additionally, the transit-oriented property offers easy access to downtown Boston in approximately 20 minutes via the MBTA at Beachmont and Chelsea Stations or vehicular access via Route 1.

The HFF investment advisory team representing the seller consisted of director Adam Dunn and managing director Chris Phaneuf.

HOUSTON, TX – September 26, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces financing for Valencia at Westchase, a 312-unit, garden-style apartment community in Tampa, Florida.

The HFF team worked exclusively on behalf of the borrower, Venterra Realty, to place the seven-year, fixed-rate loan with a life company lender at an interest rate of 4.28 percent. Terms of the loan include interest-only payments for the first three years. Loan proceeds were used to refinance existing debt.

Valencia at Westchase consists of 13 residential buildings oriented around a large central pond. Units are configured in a variety of one-, two- and three-bedroom floor plans totaling 305,832 rentable square feet with amenities, including hardwood-style flooring, in-unit washers and dryers, walk-in closets, smart home features, and patios or balconies.  Community amenities include a swimming pool, grilling area, fitness center, business center, playground and bark park.  Valencia at Westchase is located at 8802 Brennan Circle approximately 6.5 miles northwest of Tampa International Airport and 11 miles from the Tampa CBD.  The property is 95 percent occupied.

The HFF debt placement team representing Venterra included managing director Cortney Cole, director Preston Reid and analyst Sterling Curry.