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| Sunset Point Apartments, Arlington, TX |
DALLAS, TX – HFF announced today that it has secured $15.97
million in financing for Sunset Point and Springmist Apartment Homes,
multi-housing communities totaling 408 units in Arlington, Texas.
Working on behalf of Pure Multi-Family REIT LP (“Pure Multi”), HFF
placed the 10-year, fixed-rate loan with Freddie Mac (Federal Home Loan
Mortgage Corporation). Loan proceeds
were used to acquire the properties. HFF
will also service the securitized loan through its Freddie Mac Program Plus®
Seller/Servicer program.
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| John Brownlee |
Sunset Point and Springmist Apartment Homes are located at 2015 and 2004
Randy Snow Road close to Interstate 30 and the Dallas Fort Worth International
Airport in Arlington. The properties
are 97 percent leased.
The
HFF team representing Pure Multi-Family REIT LP was led by senior managing
director John Brownlee.
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 |
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