Friday, August 10, 2018

HFF announces sale of and financing for 398-unit apartment community in Houston, TX

Villas at Bunker Hill, Houston, TX

HOUSTON, TX –– HFF announces sale of and acquisition financing for Villas at Bunker Hill, a 398-unit, Class A, mid-rise apartment community in Houston, Texas.

The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential purchased the asset free and clear of existing debt. 

Cortney Cole

In addition, HFF’s debt placement team worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through a national bank.

Villas at Bunker Hill is located just north of Interstate 10 at 9757 Pine Lake Drive in Houston’s Memorial City area.  The property is adjacent to a wide variety of retail amenities, including H-E-B, PetSmart, Sam Moon, Nordstrom Rack, Academy Sports + Outdoors, Best Buy, Lowe’s Home Improvement, Costco and several dining and lifestyle retailers.

Chris Curry

  In addition, Villas at Bunker Hill is less than two miles north of Memorial City Mall and Memorial Hermann Memorial City Medical Center.  The four-story, wrap-style property offers access to the five-level parking garage from each floor of the building and comprises one- and two-bedroom units averaging 963 square feet. 

The property’s nearly 8,000 square feet of amenity space includes two outdoor swimming pools, grilling areas, a state-of-the-art fitness center, clubhouse, game room with billiards, business center with conference room and demonstration kitchen.

Todd Marix

The HFF investment advisory team representing the seller included managing director Chris Curry, senior managing director Todd Marix and analyst Estee Ibáñez. 

Estee Ibanez

HFF’s debt placement team representing the buyer consisted of managing director Cortney Cole and analyst Jett Lucia.

Holliday GP Corp. (“HFF”) is a Texas licensed real estate broker.

Jett Lucia

For over 35 years, SouthStar has been acquiring, investing in and managing residential communities across the U.S.  Formed by some of the most seasoned names in development, finance, sales and marketing, SouthStar's senior management team brings an impressive career of experience and an endless passion for the industry. 

 Headquartered in Boca Raton, Florida, SouthStar Communities thoughtfully designs and delivers communities that maximize their surroundings, their market and the quality of life for future generations. For more information please visit our website at

Headquartered in Houston, Hilltop Residential provides investors with tax-deferred income and capital appreciation by acquiring and renovating multi-family properties located in the southern United States. 

Hilltop invests in cities and neighborhoods with strong demographics and positive employment growth.  For more information, visit

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

HFF announces $66 million sale and financing for urban value-add community in Portland’s Lloyd District

Axcess 15 Apartments, Lloyd District, Portland, OR
Charles Halladay
PORTLAND, OR –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $66 million sale of and financing for Axcess 15, a 202-unit, transit-oriented apartment property in the Lloyd District of Portland, Oregon.

The HFF team represented the seller, Waterton, and procured the buyer, MG Properties Group.  

Additionally, the HFF team worked on behalf of the new owner to secure a loan through Freddie Mac’s CME Program.  

The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Located at 1500 NE 15th Avenue, Axcess 15 is within a short distance to several grocery stores and other retail and entertainment amenities, including Lloyd Center Mall, Moda Center and Oregon Convention Center. 

Carrie Kahn

Scott Gilson
The four- and five-story property features a mix of one- and two-bedroom units averaging 851 square feet as well as more than 18,000 square feet of 100-percent-leased ground-floor retail. 

Community amenities include a 24-hour fitness center, business center, resident lounge, landscaped courtyards and controlled access parking.  Unit amenities include open layouts with breakfast bars, in-unit washers and dryers, and balconies or patios.

The HFF investment advisory team representing the seller included senior managing director Ira Virden and director Carrie Kahn.

Rick Salinas
HFF’s debt placement team representing the borrower consisted of senior managing director Charles Halladay and directors Scott Gilson and Rick Salinas.

Waterton is a real estate investor and operator with a focus on U.S. multifamily and hospitality properties.

 Founded in 1995, Waterton executes value-add strategies and manages a national portfolio of multifamily and hospitality properties on behalf of institutional investors, family offices and financial institutions. 

MG Properties Group ( is a privately owned West Coast real estate owner and operator specializing in multi-housing assets. 

 Since 1992, the company has acquired and managed over 140 properties totaling over 20,000 units.  Today, MG Properties Group manages over 17,000 apartment homes in over 55 communities in high-growth cities in California, Arizona, Nevada, Washington and Oregon.  The company’s apartment portfolio has a total market value of over $2 billion.

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

HFF announces financing for 76-unit apartment property in North Charleston, SC

Nicole Brickhouse

 WASHINGTON, D.C.– Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for Northlake Townhomes, a 76-unit, garden-style apartment property in North Charleston, South Carolina.

Jamie Leachman
HFF worked on behalf of the borrower, Brick Lane, to secure the $5.25 million, 10-year, fixed-rate acquisition loan through Freddie Mac’s CME Program. 

The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.  Freddie Mac has provided financing for 786 units with Brick Lane during the last two years.

Northlake Townhomes consists of 17 buildings encompassing spacious two- 

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

Arbor Funds $25 million Fannie Mae DUS® Loan in Trenton, NJ

The Village at Lambert Green, Trenton, NJ

 UNIONDALE, NY (Aug. 10, 2018) – Arbor Realty Trust, Inc. (NYSE:ABR), a real estate investment trust and national direct lender specializing in loan origination and servicing for multifamily, seniors housing, healthcare, and other diverse commercial real estate assets, recently funded a Fannie Mae DUS® Loan in Trenton, NJ.

Ronen Abergel
The Village at Lambert Green, a 169-unit multifamily property, received $25M in refinance funding under the Fannie Mae DUS program. 

The deal provides a 5-year I/O, with a 12-year fixed rate term. Ronen Abergel of Arbor’s Uniondale office originated the loan.

Built in 2017, The Village at Lambert Green is located in Trenton, New Jersey, and is close to great shopping, fine restaurants, and popular night spots. 

The property offers modern amenities including chef-quality style kitchens, 24-hour emergency maintenance, a clubhouse, and fitness center.

For more information, please contact:

Arbor Realty Trust, Inc.
333 Earle Ovington Blvd, Suite 900
Uniondale, NY 11553

Bina Handa
Tel: 516.506.4229
Bina Handa

Bridge Investment Group’s subsidiary (Bridge Office Fund Manager LLC) Acquires 22-acre, Five-Building, 1.04 Million-Square-Foot Campus in Lenox Park, GA

Jeff Shaw
ATLANTA, GA – Bridge Investment Group’s office division announces its acquisition of the five buildings that comprise Buckhead’s pristine 32-acre Lenox Park office campus, totaling 1.04 million square feet of Class-A office space.

 Bridge plans to renovate the recently vacated 1277 Lenox Park Blvd., a seven-story, 153,093-square-foot building with Buckhead views and thoughtful amenities. 

Lenox Park offers a nature-infused mixed-use environment that today’s companies increasingly want to attract top-tier talent. 

“With limited large blocks available in the Buckhead office market, the 1277 Lenox Park Blvd. site is a rare opportunity for midsize and large users to office in an existing corporate campus with optimal accessibility to major corridors and transit,” said Jeff Shaw, CEO of Bridge CRE.

David Tennery
“The campus already has lifestyle amenities, such as an open access yoga room in state of the art exercise facilities and a dog park, and we are investing in the running trails, adding tenant experience centers as well as other new exciting amenities.

"Lenox Park will afford all tenants even more instances to gather, connect with nature and re-energize.”

Seller was represented in the transaction by JLL, led by David Tennery, Managing Director – Capital Markets.

Leasing at Lenox Park will be led by Kevin Lott, Jim Caswell, and Stewart Thrash of Bridge Commercial Real Estate, the office operating subsidiary of Bridge Investment Group.

 Lenox Park marks the latest deal for Bridge’s office group, which is based in Atlanta and growing quickly.  This acquisition brings Bridge’s year-to-date total to nearly 4 million square feet of office space closed. 

Kevin Lott
Since June 2014, Bridge has acquired more than 10.2 million square feet of space throughout the country and expects to continue increasing its footprint with value-add opportunities.

“Unemployment is at only 4.0 percent, and the war on talent continues to be the topic most discussed at companies across the country,” continued Shaw.

 “It’s more important than ever for employers to offer a great workplace experience, and that includes having an office space that is not only customizable and filled with hospitality-like amenities, but also has surprise-and-delight features. Bridge is focused on continuing to build its portfolio with acquisitions and repositioning efforts such as this.”

Jim Caswell
At Lenox Park, the first priority will be renovating and leasing the newly available space at 1277 Lenox Park Boulevard. 

The Lenox Park campus also includes more than 1,800 apartments, 150 hotel rooms and four single-family home developments, as well as more than 27 dining options within a 2-mile radius.

Nestled in lush green space, the campus offers running trails, a walk-around lake, community green space and expansive outdoor patio space, as well as a honey bee nest, from which a beekeeper provides local honey for sale to tenants. 

For more information, please contact:

Sarah Weston
The Wilbert Group

Pollack Shores Acquires Discovery at River Bend in North Atlanta

ATLANTA, GA – Multifamily developer and investment firm Pollack Shores Real Estate Group announced the acquisition of Discovery at River Bend in Duluth, Georgia.

The 256-unit community is located at 3350 Peachtree Industrial Boulevard just minutes from Downtown Duluth, the area’s top employers, a grocery-anchored shopping center and several quality restaurants.

“There's a clear demand for quality multifamily housing in suburban markets like Duluth with strong job and population growth as well as highly rated schools,” said Brendan Whalen, VP of Acquisitions for Pollack Shores. “We will continue to seek out similar value-add opportunities for our investors and look forward to enhancing the living experience for our residents.”

For more information, please contact:

Nick Banaszak
1718 Peachtree St., Suite 1048 
Atlanta, GA 30309
M: 256-457-5384

NAI Realvest Closes $3 Million+ Acquisition of New Smyrna Beach, FL Walgreens Store

Chris Adams
 New Smyrna Beach, FL -- NAI Realvest recently negotiated the $3,073,000 sale of a 12, 973 square foot building occupied by a Walgreens store located on State Road A1A in New Smyrna Beach. 

Chris AdamsAssociate at NAI Realvest, negotiated the purchase of the building built in 1993, representing Davenport-based Citrus Enterprises Inc.  a freight shipping and trucking company. 

 Buyer purchased the fully, long-term leased property to exercise a 1031 tax deferred exchange.  

Seller 800A1A Spiro Comitos was represented in the transaction by Mark Hollenbeck of Retail Net Real Estate.  

For more information, please contact:

Beth Payan, Larry Vershel Communications