Tuesday, January 26, 2016

HFF arranges financing for 454-unit multi-housing community in Dallas, TX area

Thousand Oaks Apartments within Austin Ranch community, The Colony, TX

Trey Morsbach
DALLAS, TX – Jan. 26, 2015 - Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged financing for Phase III of Thousand Oaks Apartments, a 454-unit, Class A neighborhood-style multi-housing community in The Colony, Texas.

HFF worked on behalf of Billingsley Company (Billingsley) to secure the 10-year, fixed-rate loan through Prudential Mortgage Capital Company.  Loan proceeds were used to refinance existing debt on the property.

Thousand Oaks Apartments is located within Billingsley’s 1,900-acre Austin Ranch master planned, mixed-use community, which includes office, multi-housing and retail. 

In addition to the nearby amenities at Austin Ranch, the property is situated less than two miles west of the Dallas North Tollway and three miles south of the Sam Rayburn Tollway (SH 121) and is accessible to the Shops at Legacy, Legacy Business Park, Hall Office Park, Granite Park and several major corporate headquarters.

 The property has one-, two- and three-bedroom units ranging from 609 to 1,520 square feet.  Property amenities include five swimming pools, two volleyball courts, outdoor dining areas, two fitness centers, two playgrounds, two community lodges, five on-site restaurants, on-site retail, business center and access to miles of hiking/biking trails.

The HFF debt placement team representing the borrower was led by senior managing director Trey Morsbach and director Jim Curtin.

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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