CHICAGO, IL – October 3, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of and arranged acquisition financing for River’s Cove Apartments, a 112-unit multi-housing community in the Milwaukee suburb of Germantown, Wisconsin.

The HFF team marketed the property exclusively on behalf of the seller, Mandel Group, Inc., and procured the buyer, Weidner Apartment Homes.  Additionally, HFF worked on behalf of the new owner to secure a 12-year, fixed-rate, Fannie Mae acquisition loan through M&T Realty Capital Corporation.

River’s Cove is nestled between Hupt Strausse Park and Blackstone Country Club at W172 N11392 Division Road in Germantown.  The nearly 11-acre property overlooks the Menomonee River and is approximately 20 miles northwest of the Milwaukee CBD.  In addition, River’s Cove is accessible to major employers at Germantown Industrial Park, one of the largest industrial parks in Wisconsin, as well as two Fortune 500 Companies, the 350-acre Germantown Business Park and several top healthcare providers.  Homes average 1,062 square feet and include washers and dryers, fireplaces, and balconies or patios.  Community amenities include a picnic area and pond, garage parking, golf course and waterfront views, and quick access to nearby walking/biking trails.  The property provides additional upside to the buyer through the completion of an interior renovation program and was 98 percent occupied at closing.

The HFF investment advisory team representing the seller included senior directors Wick Kirby and Kevin Girard, managing directors Sean Fogarty and Marty O’Connell, senior managing director Jaime Fink and executive managing director Matthew Lawton.

HFF’s debt placement team representing the new owner included senior managing director Tom Wilson and senior director Jason Bond.

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.