DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has secured financing commitments for The
Village Apartments, an iconic multi-housing development in Dallas, Texas
totaling approximately 7,000 units.
The financing included a
single-sponsor securitization and a floating-rate credit facility.
All financing commitments were provided by
Freddie Mac, and the loans will be serviced by HFF through its Freddie Mac
Program Plus® Seller/Servicer program.
HFF worked on behalf of a
joint venture between Lincoln Property Company, Invesco Real Estate, acting on
behalf of an institutional client, and Crow Holdings. Financing proceeds were used to retire an
existing Freddie Mac loan facility and to provide additional capital for future
development.
The Village is located at
the intersection of Caruth Haven and Greenville Avenue approximately eight
miles northeast of downtown Dallas.
Developed as a “city within a city,” the 309-acre property has an
abundant amount of open green space, two lakes, a network of streams and water
features, and 2.5 miles of jogging/biking trails.
Originally developed in
the late 1960s, ownership has continued to strategically add new multi-housing
communities and common area amenities with a long-term vision in mind.
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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