Wednesday, November 4, 2015

Acquisition financing for Sheldon Palms in Tampa, FL arranged by HFF

Sheldon Palms Apartments, 8802 Brennan Circle, Tampa, FL

Cortney Cole
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for Sheldon Palms, a 312-unit, garden-style multi-housing community in Tampa, Florida.

Working on behalf of the borrower, Venterra Realty, HFF placed the three-year, partial interest only floating-rate acquisition loan with a national bank.

Approximately 12 miles northwest of downtown and three miles from the waterfront, Sheldon Palms is located at 8802 Brennan Circle just off Sheldon Road between Waters and Hillsborough Avenues in Tampa’s West Bay neighborhood. 

The 93-percent-leased property has 13 residential buildings featuring one-, two- and three-bedroom floor plans.  Community amenities include a swimming pool, spa, outdoor grilling areas, lighted tennis courts, fitness center and clubhouse.  Upon acquisition, Venterra will enhance community amenities as well as implement upgrades to unit interiors.

The HFF debt placement team representing the borrower was led by director Cortney Cole and associate director Preston Reid.

 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 |

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