HOUSTON, TX – February 7, 2019 – HFF announces it has closed the sale of Vanderbilt Court, a 164-unit, garden-style multi-housing community in Southwest Houston.

HFF marketed the property exclusively on behalf of the seller, 37th Parallel, and procured the buyer, Indus Management Group.

Vanderbilt Court is situated on more than five acres at 12630 Ashford Point Drive approximately one half of a mile from the intersection of S. Dairy Ashford Road and Westpark Tollway.  Originally constructed in 1983, the value-add, vintage property features of a mix of efficiency units and one- and two-bedroom townhome units averaging 835 square feet.  Community amenities include a clubhouse, business center, fitness center, two resort-style swimming pools, hot tub and sundeck with outdoor dining space.  More than $1.2 million of renovations to the property have been completed since 2011, including new roofing, all new HVAC systems, exterior painting, new signage and amenity improvements.

The HFF investment advisory team representing the seller included directors Joey Rippel and Chris Young.

DENVER, CO – February 4, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of EVIVA on Cherokee, a Class AA, high-rise apartment building in the Golden Triangle neighborhood of Denver, Colorado.

The HFF team marketed the asset exclusively on behalf of the project’s developer and seller, a partnership between The Integral Group LLC, a national real estate development and investment firm headquartered in Atlanta, and Wanxiang America Real Estate Group, a Chicago-based real estate investment firm.

EVIVA on Cherokee is a Class AA 18-story, concrete constructed building completed in 2017.  Located at 1250 Cherokee Street, the property is ideally located in Denver’s Golden Triangle neighborhood within one block of the Daniel Libeskind-designed Denver Art Museum, the Clyfford Still Museum and the Kirkland Museum, among several other museums and art galleries.  EVIVA on Cherokee is also ideally located between Denver’s CBD and Cherry Creek and is within walking distance to popular dining and entertainment options.

Homes at EVIVA on Cherokee average approximately 820 square feet and feature industrial-inspired finishes such as exposed concrete, high-gloss custom cabinetry, quartz countertops, stainless steel appliances, sliding barn doors and floor-to-ceiling windows offering stunning city and mountain views.  Community amenities include a resort-style saltwater pool with private cabanas, outdoor grilling area, bocce ball court, fire pits, state-of-the-art fitness center, movie room with billiards, demonstration kitchen, private indoor/outdoor conference room, rotating art gallery throughout the common areas, dog wash and 24-hour concierge services.

The HFF investment advisory team representing the seller included managing director Jordan Robbins and directors Anna Stevens, Mack Nelson and Chris White.

“EVIVA on Cherokee is a best-in-class, trophy asset located in the highly desirable Golden Triangle neighborhood, one of Denver’s most exciting creative districts,” Robbins said.  “The limited availability of concrete, high-rise apartment communities in Denver created significant interest in the asset.”

ORLANDO, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged a $60 million construction loan for Lake House, a luxury, waterfront, high-rise apartment community to be developed in the heart of Orlando’s Ivanhoe Village.

HFF worked exclusively on behalf of the developer, a partnership between Sumitomo Corporation of Americas, FINFROCK and OneEleven Residential, to arrange the floating-rate construction loan.

Slated for completion in 2020, Lake House will feature 252 luxury apartment and townhome units in a variety of studio, one-, two- and three-bedroom floor plans averaging 972 square feet along with more than 36,000 square feet of ground-level commercial space and structured parking.  The nine-story project will be located at 301 NE Ivanhoe Boulevard along the shores of Lake Ivanhoe, which will offer residents unmatched waterfront and city views and will allow for immediate accessibility to some of the region’s largest employment centers, including Downtown Orlando, Florida Hospital’s Health Village Campus and the Orlando Regional Medical Center.

The HFF debt placement team representing the borrower included senior director Brett Moss, senior managing director Michael Weinberg and analysts Tyler Swidler and Alec Fox.

“The marketing process was extremely competitive given the infill, waterfront location in the heart of the highly desirable Ivanhoe Village neighborhood,” Moss said.  “Furthermore, investors and lenders alike have taken note of the continued strong multi-housing fundamentals being fueled by Orlando’s nation-leading job growth and population growth figures.”

“The architectural design of the community was greatly enhanced by thoughtful input provided by various neighborhood associations,” noted OneEleven Residential’s John Zeledon.  “I’ve been an active multifamily developer for about 25 years and working with members of the neighborhood associations was one of the most rewarding and beneficial experiences of my career.”

HFF has arranged financing for several multi-housing deals in Downtown Orlando during the past 18 months, including Radius Apartments, Paramount on Lake Eola and the mixed-use, student housing community at UCF’s urban campus at Creative Village.

MIAMI, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32.8 million in financing for the acquisition of Heights at Old Peachtree, a 258-unit, Class A, garden-style apartment community in the Northeast Atlanta community of Suwanee, Georgia.

The HFF team worked exclusively on behalf of the borrower, Momentum Real Estate Partners, LLC, to secure the seven-year, fixed-rate loan with a correspondent life insurance company.  The loan includes five years of interest-only payments.

Heights at Old Peachtree is prominently situated immediately northwest of the Old Peachtree Road and Interstate 85 interchange in Gwinnett County, which positions it near numerous retail, entertainment and recreational amenities.  In addition, the area has also recently experienced several large corporate relocations and expansions adding to the existing employment base.  Heights at Old Peachtree offers seven unique one-, two- and three-bedroom floor plans averaging 941 square feet.  In addition to in-home amenities, including stainless steel appliances, granite countertops and large soaking tubs, the community features a resort-style pool, an outdoor entertainment area with grilling station and fire place, fitness center, clubhouse, professional chef’s kitchen, private conference room, car care center and a scenic lakefront nature trail.  The property is 95 percent occupied.

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

“Heights at Old Peachtree represents Momentum’s first acquisition in the Atlanta MSA and it fits perfectly into their investment thesis to acquire high-quality assets in high-growth submarkets,” Shipman said.  “Momentum, along with their loan from a best-in-class life insurance company, will capitalize on Northeast Atlanta’s progress.  Gwinnett County’s population continues to swell as residents follow the major employers that have relocated to or expanded in the I-85 corridor.”

MIAMI, FL – January 29, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $32.8 million in financing for the acquisition of Heights at Old Peachtree, a 258-unit, Class A, garden-style apartment community in the Northeast Atlanta community of Suwanee, Georgia.

The HFF team worked exclusively on behalf of the borrower, Momentum Real Estate Partners, LLC, to secure the seven-year, fixed-rate loan with a correspondent life insurance company.  The loan includes five years of interest-only payments.

Heights at Old Peachtree is prominently situated immediately northwest of the Old Peachtree Road and Interstate 85 interchange in Gwinnett County, which positions it near numerous retail, entertainment and recreational amenities.  In addition, the area has also recently experienced several large corporate relocations and expansions adding to the existing employment base.  Heights at Old Peachtree offers seven unique one-, two- and three-bedroom floor plans averaging 941 square feet.  In addition to in-home amenities, including stainless steel appliances, granite countertops and large soaking tubs, the community features a resort-style pool, an outdoor entertainment area with grilling station and fire place, fitness center, clubhouse, professional chef’s kitchen, private conference room, car care center and a scenic lakefront nature trail.  The property is 95 percent occupied.

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

“Heights at Old Peachtree represents Momentum’s first acquisition in the Atlanta MSA and it fits perfectly into their investment thesis to acquire high-quality assets in high-growth submarkets,” Shipman said.  “Momentum, along with their loan from a best-in-class life insurance company, will capitalize on Northeast Atlanta’s progress.  Gwinnett County’s population continues to swell as residents follow the major employers that have relocated to or expanded in the I-85 corridor.”

DENVER, CO – January 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces $15.1 million in financing for Advenir at Del Arte Townhomes, a 94-unit multi-housing community in Aurora, Colorado.

The HFF team worked on behalf of the borrower, Advenir, Inc., to secure the seven-year, fixed-rate loan through Freddie Mac’s Green Up Program.  The securitized loan was used to refinance existing floating-rate debt on the property, and will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.  The refinance was a continuation of the borrower’s strategy to mitigate interest-rate risk amid the current rising rate environment.  The borrower was able replace their existing 5.15 percent, floating rate at closing with a 4.25 percent, seven-year fixed rate.  The fixed-rate conversion took the ongoing LIBOR adjustment risk off the table and ultimately provided the borrower with a reduction in the all-in rate with additional interest-only amortization.

Advenir at Del Arte Townhomes is located at 11135 E. Alameda Avenue, which offers nearby access to Interstates 25, 225 and 70.  The property’s 94 townhome-style units are 93 percent occupied and comprise a mix of one- and two-bedroom layouts and features, including attached garages, washers and dryers, and spacious entertainment kitchens.  The property shares common area amenities with neighboring Advenir at Del Arte, a 351-unit community with a variety of loft- and flat-style units.

The HFF team representing the borrower included senior managing director Eric Tupler and managing director Josh Simon.