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.