Holliday Fenoglio Fowler, L.P. (HFF) announces $22.896 million in financing for River Vista, a 196-unit, garden-style apartment community in the North Atlanta community of Sandy Springs, Georgia.

HFF worked on behalf of Stonebridge Investments to secure a seven-year, fixed-rate loan with five years of interest-only payments through Freddie Mac’s Green Advantage program.  The loan will be serviced by HFF, a Freddie Mac Optigo℠ lender for Conventional Loans. 

River Vista is located at 9200 Roberts Drive just a few miles north of the I-285/GA-400 interchange, which provides access to the Central Perimeter office market and downtown Atlanta.  Originally constructed in 1996, the property features a mix of one-, two- and three-bedroom floor plans that were more than 96% occupied at closing.  Community amenities include a swimming pool with sundeck, outdoor kitchen with grills, outdoor social area with TV, playground, clubhouse lounge with demonstration kitchen and 24-hour fitness center.

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

“River Vista marks Stonebridge’s third acquisition within the Sandy Springs submarket allowing them to further capture the demand from the new headquarters of State Farm and Mercedes Benz,” Shipman said.  “We were pleased to work with Freddie Mac in providing Stonebridge with a loan structure that will allow them to capitalize on the continued growth of Central Perimeter and the GA-400 corridor.”

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.