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| Kevin MacKenzie |
IRVINE, CA – HFF announced it has arranged a $12.3 million
acquisition financing for a five-property, freestanding child care portfolio totaling 51,408 square
feet with properties in Colorado, Florida, Illinois and Maryland.
Working on behalf of the borrower, IRA Capital LLC, HFF
placed the floating-rate loan with a mortgage REIT.
The
assets consisted of five freestanding centers 100 percent leased to KinderCare
Learning Center and Knowledge Beginnings. The centers were completed between 2007 and 2009 with buildings
ranging between 9,600 and 11,400 square feet.
The HFF team representing the borrower was led by senior
managing director Kevin Mackenzie and director John Chun.
IRA Capital (IRA) is a privately-held real estate investment
and management company with a diverse portfolio of commercial property holdings
throughout the United States.
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| John Chun |
IRA acquires core,
core-plus and value-add real estate for its own account and on behalf of its
co-investment partners, which include high-net-worth individuals, family
offices, opportunity funds and institutions.
The company seeks to first and foremost preserve investor capital, and
to provide attractive risk-adjusted returns over a mid- to long-term hold
period.
Learn more at www.irarealtycapital.com
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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