Wednesday, January 20, 2016

HFF secures acquisition financing for newly-built apartment community in suburban Houston, TX

Haven at Westgreen Apartments, 510 Westgreen Boulevard, Katy, TX

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for Haven at Westgreen, a newly-built, 225-unit, Class A apartment community in Katy, Texas.

HFF worked exclusively on behalf of the borrower, a joint venture between co-general partners CAF Capital Partners, The Rainier Companies and an unnamed party, to place the three-year, floating-rate bridge loan with PCCP, LLC.

Cortney Cole
Haven at Westgreen is situated at 510 Westgreen Boulevard immediately south of Interstate 10 within the epicenter of the Katy area’s growth.

 The property’s location offers convenient access to Houston’s Energy Corridor.  Completed earlier this year and currently in lease-up, the gated community has one- and two-bedroom units ranging from 634 square feet to 1,274 square feet. 

Community amenities include a resort-style swimming pool, poolside grill stations, fire pit, 24-hour fitness facility, resident lounge, conference room and detached garages.

 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 |

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