Monday, March 13, 2017

HFF secures acquisition financing for 425-unit apartment community in Orlando, FL

The District Apartments, 9702 Universal Boulevard, Orlando, FL

HOUSTON, TX – March 13, 2017 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing for The District, a 425-unit, four-story, wrap-style apartment community in Orlando, Florida.

Cortney Cole
HFF worked exclusively on behalf of the borrower, Venterra Realty (Venterra) to place the seven-year, 4.06 percent fixed-rate loan with a correspondent life company lender.  The loan has four years of interest only payments.

 The District is situated on 10.1 acres at 9702 Universal Boulevard.  The property is near the area’s top tourist destinations and approximately two miles east of SouthPark Center, a 2.9 million-square-foot office park that is home to globally recognizable companies and nearly 10,000 employees.

Brett Moss
 In addition, Orlando’s central business district is less than 12 miles northeast of the property.  The District offers studio, one-, two- and three-bedroom units averaging 942 square feet and 25,910 square feet of ground-floor retail situated around a central courtyard with a resort-style pool. 

Additional amenities include outdoor fire pits and cooking stations, a two-level health and fitness center, multimedia lounge, business and conference center, cyber café, game room and four-level parking garage.

The HFF debt placement team representing Venterra was led by managing director Cortney Cole and associate director Brett Moss.

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 |

No comments: