DALLAS, TX – February 26, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged the capital stack of a six-property student housing portfolio totaling 911 units with 2,059 beds in Alabama, Florida, Michigan, New York, Pennsylvania and Texas.

HFF structured the Sharia-compliant joint venture between Vie Management and a Middle Eastern asset manager.  In addition, HFF worked on behalf of the new partnership to secure a $75.385 million, 10-year, 65 percent LTV, interest-only loan.

The properties in the portfolio are University Downs Apartments and Condos, a 222-unit property serving the University of Alabama in Tuscaloosa, Alabama; University View, a 55-unit property serving Florida Atlantic University in Boca Raton, Florida; Hillcrest Oakwood Apartments, a 224-unit property serving Ferris State University in Big Rapids, Michigan; Colonie Apartments, a 184-unit property serving the University at Buffalo in Amherst, New York; Southgate Apartments, a 151-unit property serving Penn State University in State College, Pennsylvania; and Ella Lofts, a 75-unit property serving Texas State University in San Marcos, Texas.

The HFF equity and debt placement team was led by London-based managing director Claudio Sgobba along with licensed local HFF teams in the respective markets, including managing director Matthew Schoenfeldt, a Michigan licensed real estate broker; director Scott Clifton; and senior global capital and equity placement analyst Hank Huang.

“Vie is the first and only lifestyle brand within student housing,” said Vie CEO Ari Rosenblum.  “Our objective is to continue to produce technology-rich environments where students can stream and dream, socialize and exercise, all within our best-in-class amenity driven spaces.  These acquisitions are new canvases to us; places to create experiential living environments where students can watch live music, study at a coffee shop, or work out at the best gym in town all within the confines of the community in which they live.”

“We are extremely excited about our new partnership given it will allow us to create value within a defensible niche,” Rosenblum continued.  “With these new acquisitions, we have taken a big first step towards our collective goal of becoming the premier student housing company in the world.”

“It was a privilege to bring together two world-class investment firms as co-owners of this diverse, multi-state, 90-percent-occupied student housing portfolio,” Sgobba said.  “We look forward to assisting this new partnership in future transactions as they grow their holdings in the student housing sector.”

SAN DIEGO, CA – February 22, 2019 – HFF announces that it has arranged the sale and acquisition financing for Regents La Jolla, a 333-unit, mid-rise multi-housing building in La Jolla, California.

HFF marketed the property on behalf of the seller, LaSalle Investment Management, Inc.  Raintree Partners purchased the asset free and clear of existing financing.  Additionally, the HFF team worked on behalf of the new owner to secure 10-year, fixed-rate financing with Pacific Life Insurance Company.

Regents La Jolla consists of nine four-story buildings and one single-story cabana building housing a mix of one- and two-bedroom units averaging 966 square feet.  Completed in 2000, the property is part of a 574-home development that includes 241 condominium units not included in the sale.  The 96-percent-occupied community is situated on approximately 8.48 acres at 9253 Regents Road.  Located within the University Town Center (UTC) neighborhood, Regents La Jolla is surrounded by La Jolla’s demand drivers, including being half a mile from the University of California, San Diego, which is the No. 1 employer in San Diego; several of the area’s premier medical/research facilities; Westfield UTC Mall; and 14 million square feet of commercial space.  Community amenities include two swimming pools, a fitness center, sports lounge, movie theatre and professional entertaining kitchen.

“The rare opportunity to acquire a Class A trophy asset in the UTC submarket, coupled with the $1 billion redevelopment at the Westfield UTC Mall as well as the $2 billion Mid-Coast Trolley project, created a high level of interest,” Combs said.  “The recent additions of Amazon and Apple to the submarket, along with the continued growth of UCSD, will keep demand for quality assets such as this robust.”

The HFF investment advisory team representing the seller included senior director Hunter Combs and senior managing director Sean Deasy.

HFF’s debt placement team representing the borrower consisted of senior managing director Charles Halladay and director Chris Collins.

“We view the acquisition of Regents La Jolla as a strategic long-term investment and a great addition to the 302-unit community we currently own within walking distance of Regents,” said Ian Couwenberg, director of Acquisitions for Raintree Partners.  “The evolution of UTC into a major CBD within the San Diego metro area and clear commitment of neighboring owners as well as the city to re-invest in apartment communities, medical campuses, office, retail and infrastructure made the acquisition of Regents La Jolla an exciting opportunity.”

HOUSTON, TX – February 19, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged a $27.55 million refinancing for 100 Park at Century Square, a 249-unit luxury apartment community in College Station, Texas.

HFF worked on behalf of the borrower, a joint venture between Midway and Harrison Street, to secure the loan from an affiliate of Granite Point Mortgage Trust Inc. (NYSE: GPMT).

100 Park at Century Square is located west of University Drive on Century Square Drive across from Texas A&M University within College Station’s 60-acre Century Square mixed-use development that features premier retail and dining, entertainment venues, 60,000 square feet of Class A office space, luxury apartment homes and two full-service hotels, The George and Cavalry Court.  Completed in 2016, 100 Park offers a mix of studio, one- and two-bedroom units with upscale finishes, including stainless steel appliances, granite countertops, wood floors, washers and dryers, large closets and patios or balconies.  In addition to the property’s centralized location, 100 Park incorporates community amenities, including a swimming pool, outdoor lounge and green space, grilling area, state-of-the-art fitness center and covered parking.

The HFF debt placement team representing the borrower was led by senior managing director Colby Mueck along with managing directors Timothy Joyce and Stephen Skok and analyst Stuart Hepler.

AUSTIN, TX – February 12, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged acquisition financing for Legacy Heights, a 306-unit, garden-style multi-housing community in San Antonio, Texas.

HFF worked on behalf of the borrower, Regional Investment & Management, to place the loan through Annaly Commercial Real Estate Group, Inc.  Loan proceeds were used to acquire the property and fund future renovations.

Legacy Heights is situated on a 13.6-acre site at 1320 Austin Highway less than two miles west of Fort Sam Houston, a major area employment center.  Completed in 2009, the property has one-, two- and three-bedroom units ranging from 610 to 1,400 square feet.  Community amenities include a clubhouse with game room, billiards and fitness center as well as a resort-style swimming pool and barbecue area.  The property was 95 percent occupied at closing.

The HFF debt placement team representing the borrower was led by managing director Robert Wooten.

CHICAGO, IL – February 12, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged joint venture and preferred equity totaling $28.9 million to capitalize the development of Radius Apartments, a 13-story, 389-unit, Class A apartment project in Orlando, Florida.

The HFF team worked on behalf of an affiliate of Banner Real Estate Group to arrange $14.89 million in joint venture equity from Westminster Capital LLC and $14 million in preferred equity through a blue chip life company.

Radius Apartments will be situated at the corner of N. Rosalind Avenue and E. Livingston Street with sweeping views of Lake Eola to the southeast.  The centrally located development will also be adjacent to the Orlando CBD and within walking distance to the new LYNX SunRail Central station, nightlife amenities along Orange Avenue and the under-construction UCF Medical Downtown Campus.  Due for completion in 2020, the building will feature 12 stories of residential space situated above street-facing retail on the first floor, an adjacent six-story parking garage and a public courtyard.  The roof of the parking garage will be utilized as an amenity deck that will include a pool, cabanas, outdoor kitchen, dining and grilling area, bar and sun shelf.  A secondary amenity deck will provide quieter green space for outdoor yoga, bocce ball and lounge seating.  Additional amenities will include a dog run, bike parking and tenant storage.

The HFF equity placement team was led by managing director Matthew Schoenfeldt along with senior managing director Michael Weinberg, senior director Brett Moss, senior managing director Matt Mitchell and analyst Tyler Swidler.

HFF has arranged financing for other notable multi-housing developments in Downtown Orlando during the past 18 months, including $60 million for Lake House in Ivanhoe Village and more than $100 million for the mixed-use, student housing community at UCF’s urban campus at Creative Village.

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.