WASHINGTON, D.C. – August 13, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the $70.25 million sale of Spring Parc, a 399-unit apartment community in Silver Spring, Maryland.

The HFF team marketed the property on behalf of the seller, Ares Management, L.P., and procured the buyer, an affiliate of Bridge Investment Group LLC.

Spring Parc comprises 120 one-bedroom, 232 two-bedroom and 47 three-bedroom units along with institutional-quality amenities, including an expansive swimming pool with separate children’s wading pool, grilling area, two playgrounds, dog park with agility course and a fitness center.  Located at 17 Featherwood Court, the property is situated in Montgomery County near key employment centers in Silver Spring, Rockville and Washington, D.C. as well as major regional thoroughfares such as Interstates 95 and 495, the Intercounty Connector (ICC)/Maryland 200 and Route 29.  In addition to its centralized location, the property is also convenient to numerous nearby retail amenities and two forthcoming developments.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella, Roland Merchant and Stephen Conley, a Maryland licensed real estate broker.

DENVER, CO – August 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $63 million in financing for HiLine at Littleton Commons, a 385-unit, Class A apartment community in the south Denver suburb of Littleton, Colorado.

Working exclusively on behalf of FMF Littleton LLC, the HFF team secured the five-year, 4.15 percent fixed-rate loan through a life company lender.  Loan proceeds were used to recapitalize the deal and refinance existing construction financing.  The loan featured full-term, interest-only, flexible prepayment and the ability to advance future loan proceeds at a future date.

Situated on 18.06 acres at 8300 Erickson, HiLine at Littleton Commons is in the Highlands Ranch/Lone Tree submarket south of Denver.  The property is just off C-470 and near the Mineral Light Rail Station, which offers access to the Rocky Mountains, downtown Littleton and the Denver Tech Center.  Completed in 2016, HiLine at Littleton Commons features a mix of one-, two- and three-bedroom units and a total of 620 parking spaces, including attached and detached garages.  Community amenities include an outdoor pool, hot tub, tanning deck with cabanas, outdoor kitchen and grilling area, 24-hour fitness center, clubhouse, billiards table, business center and dog park with dog wash station.

The HFF debt placement team representing the borrower consisted of managing director Josh Simon.

WASHINGTON, D.C. – August 9, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $8.435 million in joint venture equity for the acquisition of The Moderne and The Verano, two apartment communities totaling 116 units in downtown Stamford, Connecticut.

The HFF team worked on behalf of Navarino Capital Management LLC to arrange joint venture equity for the acquisition of the two properties through a national life insurance company.

The Moderne, a 58-unit property built in 2013 and located at 163 Franklin Street, and The Verano, a 58-unit property built in 2014 and located at 750 Summer Street, are in the heart of the Stamford CBD.  The properties feature high-end amenities, including full-sized balconies, stainless steel appliances and state-of-the-art fitness centers.  Residents have immediate access to more than 15 million square feet of office space, numerous restaurants and retail amenities as well as entertainment, healthcare and outdoor recreation.  Stamford allows commuters access into Manhattan via the Connecticut Turnpike (Interstate 95) and the Metro-North train station, which is the busiest train station outside of Grand Central Terminal.

The HFF equity placement team representing Navarino Capital Management included senior directors Chris Hew and Peter Rotchford.

NEWPORT BEACH, CA – August 9, 2018 – HFF announces the closing of a $121.7 million participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1,800 square feet of retail in Milpitas, California.

The HFF team worked on behalf of the developer, Anton DevCo, to arrange the participating loan through an institutional partner.  This is the second phase of Anton’s two-phase development.  The HFF team also arranged a participating mortgage for Phase I, which is already under construction, in a transaction that closed in May 2017.

Anton Milpitas 730 is due for completion in 2020 and has been designed to LEED Silver specifications.  The five-story, wrap-style building will offer a unit mix ranging from studios to two-bedroom units averaging 762 square feet.  Planned project amenities include co-working space; dining and community courtyards; outdoor social space; a resident lounge; rooftop fitness center and pool overlooking the city; pet spa; bike repair station; lounge and a 372-space, six-story parking garage.  Units will feature high-speed internet, various smart technology features and upgraded finishes, including quartz countertops and gas ranges.  The transit-oriented project is located on 3.34 acres at 730 E. Capitol Avenue directly across from the nearly completed Milpitas BART station with access to the BART station and VTA Montague light-rail platform through a common access point immediately adjacent to the project.  BART will provide residents with a less-than-one-hour commute to San Francisco’s Financial District, and the VTA light rail will provide access throughout Greater San Jose.

The HFF equity placement team included senior managing director Sean Deasy, senior director Mark Erland and director Matthew Benson.

PHILADELPHIA, PA – August 8, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for a two-property, transit-oriented apartment portfolio totaling 821 units in the historic Chestnut Hill submarket of Philadelphia, Pennsylvania.

The HFF team marketed the portfolio on behalf of the seller.  Goldman Sachs Asset Management Private Real Estate (GSAM PRE) purchased the offering free and clear of existing financing.  Additionally, HFF’s debt placement team worked on the new owner’s behalf to procure a 10-year, fixed-rate acquisition loan through TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA).

The properties included in the offering are Chestnut Hill Village and Blossom Row.  The properties, which were bifurcated in 2017, are situated on a total of 45 acres surrounding Market Square, an ACME Grocer-anchored shopping center, and adjacent to the Wyndmoor SEPTA regional rail station.  Chestnut Hill Village comprises 704 units within 23 two- and three-story buildings.  Blossom Row encompasses 117 private-entry, two-story townhomes, which include fenced-in backyards and finished basements.  Residents have access to best-in-class amenities, which are highlighted by a community pool and a recently constructed clubhouse with fitness center.  The portfolio is 96 percent occupied overall.

The HFF investment advisory team representing the seller included senior managing directors Mark Thomson and Jose Cruz, senior director Carl Fiebig and director Fran Coyne.

HFF’s debt placement team representing the new owner consisted of managing directors Ryan Ade and Campbell Roche and director Michael Pagniucci.

HOUSTON, TX – August 7, 2018 – HFF announces sale of and acquisition financing for Villas at Bunker Hill, a 398-unit, Class A, mid-rise apartment community in Houston, Texas.

The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential purchased the asset free and clear of existing debt.  In addition, HFF’s debt placement team worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through a national bank.

Villas at Bunker Hill is located just north of Interstate 10 at 9757 Pine Lake Drive in Houston’s Memorial City area.  The property is adjacent to a wide variety of retail amenities, including H-E-B, PetSmart, Sam Moon, Nordstrom Rack, Academy Sports + Outdoors, Best Buy, Lowe’s Home Improvement, Costco and several dining and lifestyle retailers.  In addition, Villas at Bunker Hill is less than two miles north of Memorial City Mall and Memorial Hermann Memorial City Medical Center.  The four-story, wrap-style property offers access to the five-level parking garage from each floor of the building and comprises one- and two-bedroom units averaging 963 square feet.  The property’s nearly 8,000 square feet of amenity space includes two outdoor swimming pools, grilling areas, a state-of-the-art fitness center, clubhouse, game room with billiards, business center with conference room and demonstration kitchen.

The HFF investment advisory team representing the seller included managing director Chris Curry, senior managing director Todd Marix and analyst Estee Ibáñez.  

HFF’s debt placement team representing the buyer consisted of managing director Cortney Cole and analyst Jett Lucia.