Wednesday, November 4, 2015

HFF secures $30.6 million financing for 282-unit multi-housing community in San Antonio, TX

John Brownlee
DALLAS, TX  – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured $30.6 million in financing for Brackenridge at Midtown, a 282-unit, Class A garden-style multi-housing community in San Antonio, Texas.

HFF worked on behalf of the borrower, Pure Multi-Family REIT LP, to place the long-term, fixed-rate loan with TIAA-CREF.  Loan proceeds were used to acquire the property.

Brackenridge at Midtown has one-, two- and three-bedroom units ranging between 594 square feet to 1,458 square feet.  

Completed in 2014, property amenities include a resort-style swimming pool with tanning deck, grilling areas, fire pit, horseshoe pit, pet park, clubhouse, state-of-the-art fitness center, dedicated yoga/Pilates fitness room, entertainment kitchen, gaming lounge and private garages.  

Situated on 9.9 acres, the property is located at 223 Brackenridge Avenue about a block from Brackenridge Park and approximately two miles from downtown San Antonio’s River Walk in San Antonio’s Brackenridge/Midtown neighborhood.  The property is 91 percent leased.

The HFF debt placement team representing the borrower was led by senior managing director John Brownlee and associate director Michael Cosby.

 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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