Wednesday, March 15, 2017

HFF arranges $36.75 million financing for Two University of Florida student housing communities

Elliott Throne
MIAMI, FL, March 15, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $36.75 million in acquisition and bridge financing for Campus Club and Gateway at Glades, a 1,356-bed student housing portfolio serving the University of Florida in Gainesville, Florida.

HFF worked on behalf of Park Partners Residential (Park Partners) to secure the loan, which was provided by Resource Real Estate (Resource).  Park Partners Residential will renovate and reposition the properties to compete against newer assets in the market.

Campus Club and Gateway at Glades are strategically and centrally located near the University of Florida proximate to Gainesville’s main retail node, Archer Boulevard, which includes a strong roster of retailers catering to university students such as Walmart, Lowe’s, Publix, Best Buy, Trader Joe’s, Regal Cinemas, Best Buy and Ross Dress for Less. 

The University of Florida, a Tier One school, is one of the largest universities in the southeast boasting an enrollment of more than 50,000 students for the past 10 years.

The HFF debt placement team was led by managing director Elliott Throne and associate director Brian Gaswirth.

“Resource provided an advantageous financing structure that will allow Park Partners to use their expertise in the development and repositioning of student housing projects to, once again, make these properties popular destinations for students attending the surrounding Gainesville schools,” Throne said.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Specialist
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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