CHARLOTTE, NC – November 5, 2018 – HFF announces the $73.92 million sale of and acquisition financing for Weston Corners, a newly built, 308-unit, mid-rise multi-housing community in Cary, North Carolina.

The HFF team marketed the property on behalf of the seller, Woodfield Development, and procured the buyer, Lantower Residential.  Additionally, HFF’s debt placement team worked exclusively on the new owner’s behalf to arrange an acquisition loan through New York Life Real Estate Investors.

Completed this year, Weston Corners features a mix of studio, one-, two- and three-bedroom units with high-end amenities, including 10-foot ceilings, stainless steel appliances, quartz countertops, designer kitchen cabinetry and lighting, walk-in custom closets, full-sized washers and dryers, hardwood-style flooring and balconies.  Common area amenities include a pool with sundeck and outdoor kitchen, sky terrace, fitness center with yoga room, massage room, dog spa, clubroom with kitchen and game room, conference room and Wi-Fi lounge, outdoor courtyards and direct access to the Indian Creek Greenway and Trailhead.  Situated just south of Crabtree Lake at 6000 Elevate Circle, the property is central to Research Triangle Park, Raleigh-Durham International Airport, North Carolina State University via nearby Interstate 40 as well as downtown Raleigh, Durham and Chapel Hill.

The HFF investment advisory team representing Woodfield Development included managing directors Justin Good and Jeff Glenn, senior director Allan Lynch and director Caylor Mark.

HFF’s debt placement team representing Lantower Residential consisted of senior directors Jamie Leachman and Roger Edwards.

WASHINGTON, D.C. – September 19, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces $49.56 million in financing for BullHouse, a 305-unit, luxury apartment community in downtown Durham, North Carolina.

The HFF team worked exclusively on behalf of the borrower, Lantower Residential, to arrange an acquisition loan through New York Life Real Estate Investors.

Located at 504 East Pettigrew Street, BullHouse is adjacent to the Durham Freeway (Highway 147) and steps from the Durham Performing Arts Center, American Tobacco Campus and Durham Bulls Athletic Park.  The property’s central, amenity-rich location and direct freeway access provides convenient access to multiple employment centers around Durham, Raleigh and the Research Triangle.  BullHouse features modern studio, one-, two- and three-bedroom units with contemporary finishes, including designer kitchens with quartz countertops and stainless-steel appliances; hardwood-style flooring, energy efficient windows, full-sized washers and dryers, custom walk-in closets, balconies and skyline views of downtown Durham.  Community amenities include a saltwater pool, outdoor kitchen, yoga room, spa room, rooftop terrace, gather room with catering kitchen, dog spa, local art gallery with purchasing options, café with coffee station and huddle room with multimedia capabilities.

The HFF debt placement team representing the borrower consisted of senior directors Jamie Leachman and Roger Edwards.

“We are seeing more and more activity in the pre-stabilized multi-housing space both with acquisitions and refinancing,” Leachman said.  “New York Life Real Estate Investors was fantastic to work with by providing Lantower with extremely competitive terms to facilitate the expansion of its portfolio within the Southeast.”