 |
| Mona Carlton |
DALLAS, TX – HFF announced today that it has arranged
acquisition financing for The Lancaster and White Buffalo, two Class A
multi-housing properties that operate and are managed as one in Fort Worth,
Texas.
HFF
worked exclusively on behalf of the borrower, Bell Partners, to secure the
seven-year, fixed-rate acquisition loan through New York Life Insurance
Company.
The Lancaster is located at 2901 Bledsoe, and White Buffalo
is located at 1020 Currie, two blocks from University Drive.
This places both properties in the Fort
Worth/University submarket close to the West 7th Corridor about three miles
from Texas Christian University and two miles from downtown Fort Worth.
Completed in 2013,
The Lancaster has 253 units averaging 810 square feet.
The four-story building is served by a
parking garage with 402 total spaces, 332 covered and 70 uncovered. The three-story White Buffalo was completed
in 2012 and consists of 63 units averaging 758 square feet.
 |
| The Lancaster and White Buffalo Apartments Fort Worth, TX |
The Lancaster and White Buffalo share 3.73 acres in addition
to community amenities, including a wired business center, spa-inspired
poolside fitness club and yoga studio, trellised outdoor dining and grilling
areas, resort-style pool with poolside cabanas and fireplace, recycling center,
gated accessed conference room and a private courtyard.
The HFF debt placement team representing Bell Partners was
led by senior managing director Mona Carlton and real estate analysts DJ
Meagher and Chad Russell.
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
No comments:
Post a Comment