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| Preserve at Colony Lakes Apartments, 1000 Farrah Lane, Stafford, TX |
HOUSTON, TX, July 27, 2015
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged
fixed-rate financing for Preserve at
Colony Lakes, a 420-unit, Class A multi-housing community in Stafford,
Texas.
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| Cortney Cole |
HFF worked on behalf of
the borrower, Venterra Realty (Venterra), to secure the seven-year, 3.22
percent, fixed-rate loan with a life company correspondent lender. Loan proceeds were used to acquire the asset.
Preserve at Colony Lakes
was completed in 2004 and is located at 1000 Farrah Lane near the convergence
of U.S. Highway 59 and State Highway 90 in Houston’s Stafford/Sugar Land
submarket.
The property is
approximately 20 miles southwest of downtown Houston and offers one-, two- and
three-bedroom floor plans.
The 93-percent-leased community features two
swimming pools with hot tubs and sundecks, a state-of-the-art fitness center,
barbecue/picnic area, clubhouse, recreation room with billiards, business center
and garage/covered parking.
The HFF debt placement
team representing the borrower was led by director Cortney Cole.
For a complete copy of the company’s news release,
please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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