Calais Park, Downtown St. Petersburg, FL
HOUSTON, TX – HFF announced today that it has arranged
financing for Calais Park, a 261-unit, Class A multi-housing community
in St. Petersburg, Florida.
 |
| Cortney Cole |
Venterra Realty purchased the property in a joint-venture partnership
with Dome Equities LLC with the assistance of a seven-year, fixed-rate loan
with an interest rate of 3.70 percent and two years of interest only payments
that HFF secured through GE Capital Real Estate.
Calais Park is situated on more than 22 acres at 5800 Calais Lane less
than one half mile to the east of Interstate 275 and close to downtown St.
Petersburg, the Saint Petersburg-Clearwater International Airport and the Tampa
International Airport.
Completed in 2003, the property features one-, two- and
three-bedroom units averaging 1,215 square feet each. Community amenities include a 24/7fitness center, laundry center,
heated pool and Jacuzzi spa, attached and detached garages and a gated
entry. Calais Park is 96.7 percent
leased.
The HFF team representing Venterra was led by director Cortney
Cole.
Venterra specializes in the identification, finance,
acquisition and management of multi-family residential communities in the southern
United States.
Venterra currently
manages a portfolio of multi-family real estate assets totaling over $1 billion
in value that generates gross annual income in excess of $90 million.
The organization has completed in excess of
$2 billion of real estate transactions.
Venterra has offices in both Houston and Toronto and employs over 450
people.
For a complete copy of the company’s news release, please
contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
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