Saturday, May 21, 2016

HFF arranges $129.78 million financing for Two Class A apartment communities in Thousand Oaks, CA

Mike Tepedino
NEWPORT BEACH, CA –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $129.78 million in financing for two Class A apartment communities, The Knolls and Westlake Canyon, totaling 672 units in Thousand Oaks, California.

Working exclusively on behalf of the borrower, a joint venture between institutional investors advised by J.P. Morgan Asset Management and SARES-REGIS Group, HFF placed the five-year, floating-rate loan with a national bank.  Loan proceeds were used to pay off maturing debt and fund future planned capital improvements.

The Knolls and Westlake Canyon are adjacent communities located at 2544 Vista Wood Circle and 2338 Fountain Crest Lane, respectively. 

The properties are situated northeast of the intersection of State Road 23 (Moorpark Freeway) and State Highway 101 (Ventura Freeway) and are accessible to amenities, including multiple retail destinations, nature trails at the Santa Monica National Recreation Area, wine tasting at Westlake Village Inn Resort and lakeside dining at Westlake Lake.

 The Knolls offers residents two swimming pools, four spas, a fireside lounge, clubhouse with library, fitness center, two racquetball courts and lighted tennis court.  Westlake Canyon has an amenity package featuring a heated swimming pool, spa and fitness center.

The HFF debt placement team representing the borrower was led by executive managing director Mike Tepedino, senior managing director Kevin MacKenzie, managing director Charles Halladay and director Brian Torp.

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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