Sunday, August 12, 2018

HFF announces $8.435 million joint venture equity for the acquisition of two Stamford, CT apartment communities

The Moderne Apartments, 163 Franklin Street, Stamford, CT

WASHINGTON, D.C.– Holliday Fenoglio Fowler, L.P. (HFF) announces $8.435 million in joint venture equity for the acquisition of The Moderne and The Verano, two apartment communities totaling 116 units in downtown Stamford, Connecticut.

The HFF team worked on behalf of Navarino Capital Management LLC to arrange joint venture equity for the acquisition of the two properties through a national life insurance company.

The Verano Apartments 750 Summer Street, Stamford, CT

The Moderne, a 58-unit property built in 2013 and located at 163 Franklin Street, and The Verano, a 58-unit property built in 2014 and located at 750 Summer Street, are in the heart of the Stamford CBD. 

The properties feature high-end amenities, including full-sized balconies, stainless steel appliances and state-of-the-art fitness centers. 

Chris Hew

 Residents have immediate access to more than 15 million square feet of office space, numerous restaurants and retail amenities as well as entertainment, healthcare and outdoor recreation. 

Stamford allows commuters access into Manhattan via the Connecticut Turnpike (Interstate 95) and the Metro-North train station, which is the busiest train station outside of Grand Central Terminal.

The HFF equity placement team representing Navarino Capital Management included senior directors Chris Hew and Peter Rotchford.

Peter Rotchford

Navarino Capital Management, founded in 2009, is the investment partnership arm of a 2nd generation Connecticut multifamily owner/operator with over 35 years of combined multifamily experience. 

 Navarino’s principals have owned over 2,000 units in more than 40 properties.

  For more information, please visit

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

HFF announces sale of premier Class AA office building in Houston, TX

Westway Plaza, 11330 Clay Road, West Belt Corridor, Houston, TX
                                                                       Photo by  Jud Haggard

HOUSTON, TX –– HFF announces the sale of Westway Plaza, a newly constructed, premier, Class AA office building totaling 313,420 square feet in Houston, Texas.

Jeff Hollinden
The HFF team marketed the property on behalf of Transwestern Development Co., and procured the buyer, The Aztec Fund, Inc., a private Mexican equity fund.

Westway Plaza is situated on 9.85 acres at 11330 Clay Road at its intersection with the Sam Houston Tollway in Houston’s West Belt Corridor. 

The property has direct access to major thoroughfares, including Interstate 10, U.S. 290 and the Grand Parkway, and is proximate to an abundant and talented labor pool. 

 Completed in 2015, the LEED® Gold building provides maximum energy efficiency throughout its virtually column-less floor plates that feature floor-to-ceiling glass windows and nine-foot six-inch finished ceiling heights. 

 Market leading amenities at Westway Plaza include a state-of-the-art fitness center with locker rooms, an on-site cafĂ©, a 1,186-space attached structured parking garage and 24-hour security.  

Westway Plaza is fully leased to three tenants: General Electric Corporation, Superior Energy Services and TESCO Corporation.

Dane Petersen
The HFF investment advisory team representing the seller included senior managing director Jeff Hollinden and analyst Dane Petersen.

This is The Aztec Fund’s first purchase in the Houston market, complementing properties purchased in Dallas, Denver and Pittsburgh.  Charles Haddad, Aztec’s President and CEO commented, “We are very excited about entering the Houston market!  

"This will definitely not be our only purchase in this amazing city.  Thanks to HFF and Transwestern for making this a truly successful transaction.”

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

Please visit for more information.

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

HFF announces $121.7 million financing for multi-housing development in Milpitas, CA

Rendering of planned Anton Milpitas 730 Apartments,
 Milpitas, CA

NEWPORT BEACH, CA –– HFF announces the closing of a $121.7 million participating mortgage for the development of Anton Milpitas 730, a 266-unit, Class A multi-housing community with 1,800 square feet of retail in Milpitas, California.

Sean Deasy
The HFF team worked on behalf of the developer, Anton DevCo, to arrange the participating loan through an institutional partner.  This is the second phase of Anton’s two-phase development. 

 The HFF team also arranged a participating mortgage for Phase I, which is already under construction, in a transaction that closed in May 2017.

Anton Milpitas 730 is due for completion in 2020 and has been designed to LEED Silver specifications.  The five-story, wrap-style building will offer a unit mix ranging from studios to two-bedroom units averaging 762 square feet. 

 Planned project amenities include co-working space; dining and community courtyards; outdoor social space; a resident lounge; rooftop fitness center and pool overlooking the city; pet spa; bike repair station; lounge and a 372-space, six-story parking garage. 

Mark Erland
Units will feature high-speed internet, various smart technology features and upgraded finishes, including quartz countertops and gas ranges. 

 The transit-oriented project is located on 3.34 acres at 730 E. Capitol Avenue directly across from the nearly completed Milpitas BART station with access to the BART station and VTA Montague light-rail platform through a common access point immediately adjacent to the project. 

BART will provide residents with a less-than-one-hour commute to San Francisco’s Financial District, and the VTA light rail will provide access throughout Greater San Jose.

The HFF equity placement team included senior managing director Sean Deasy, senior director Mark Erland and director Matthew Benson.

Holliday GP Corp. (“HFF”) is a real estate broker licensed with the California Bureau of Real Estate, License Number 01385740.

Matthew Benson
Anton DevCo is a leading California multifamily developer. As a fully integrated platform, Anton develops, constructs, owns and manages market rate and affordable multifamily rental apartments throughout the State of California. 

Anton has developed over 10,000 units in 50 communities over 22 years, with aggregate asset value of over $2 billion, and is underway on 2,000 units in various stages of development.  

Learn more at

 For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

HFF announces sale of and financing for two-property apartment portfolio in Philadelphia, PA

Chestnut Hill Village, Philadelphia, PA

Francis Coyne
PHILADELPHIA, PA Holliday Fenoglio Fowler, L.P. (HFF) announces the sale of and financing for a two-property, transit-oriented apartment portfolio totaling 821 units in the historic Chestnut Hill submarket of Philadelphia, Pennsylvania.

The HFF team marketed the portfolio on behalf of the seller.  Goldman Sachs Asset Management Private Real Estate (GSAM PRE) purchased the offering free and clear of existing financing. 

Additionally, HFF’s debt placement team worked on the new owner’s behalf to procure a 10-year, fixed-rate acquisition loan through TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA).

Jose Cruz
The properties included in the offering are Chestnut Hill Village and Blossom Row. 

The properties, which were bifurcated in 2017, are situated on a total of 45 acres surrounding Market Square, an ACME Grocer-anchored shopping center, and adjacent to the Wyndmoor SEPTA regional rail station. 

Chestnut Hill Village comprises 704 units within 23 two- and three-story buildings.  Blossom Row encompasses 117 private-entry, two-story townhomes, which include fenced-in backyards and finished basements. 

Residents have access to best-in-class amenities, which are highlighted by a community pool and a recently constructed clubhouse with fitness center.  The portfolio is 96 percent occupied overall.

Carl Fiebig
The HFF investment advisory team representing the seller included senior managing directors Mark Thomson and Jose Cruz, senior director Carl Fiebig and director Fran Coyne.

HFF’s debt placement team representing the new owner consisted of managing directors Ryan Ade and Campbell Roche and director Michael Pagniucci.
HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry.  HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing.  HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF).  For more information, please visit hfflp.comor follow HFF on Twitter @HFF.

For more information, please contact:

HFF Public Relations Specialist
(713) 852-3500

Chatham Lodging Announces Monthly Dividend

Chris Daly

WEST PALM BEACH, FL —Chatham Lodging Trust (NYSE: CLDT), a lodging real estate investment trust (REIT) that invests in upscale, extended-stay hotels and premium-branded, selectservice-hotels and owns 135 hotels wholly or through joint ventures, announced its board of trustees has declared a monthly common share dividend of $0.11 for August 2018.
              The common dividend is payable September 28, 2018, to shareholders of record on August 31, 2018.
Chatham Lodging Trust is a self-advised, publicly-traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. 

Dennis Craven
The company owns interests in 135 hotels totaling 18,519 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,020 rooms/suites in 15 states and the District of Columbia and a minority investment in two joint ventures that own 95 hotels with an aggregate of 12,499 rooms/suites. 
Additional information about Chatham may be found at

For more information, please contact:

Chris Daly                                                                                    
Daly Gray Public Relations                                                   
(703) 435-6293 

Chatham Lodging Trust                    
 Dennis Craven
 (561) 227-1386 

Value-add apartment communities attract investment to metro Phoenix, AZ

John Cunningham

PHOENIX, AZ  JLL’s Capital Markets experts have arranged the sale and financing of a portfolio of six metro Phoenix apartment communities on behalf of a fund managed by DRA Advisors LLC of New York City and their joint-venture partner, Dallas-based Milestone Group.

The buyer was a leading global institutional investor. DRA first bought the 1,751-unit portfolio in 2012.

Managing Directors John Cunningham and Charles Steele handled the sale on behalf of the sellers.

“This portfolio provides new ownership with scale all within premium submarkets allowing for the repositioning of each asset,” said Cunningham.

The properties are: The Residences at Stadium Village, a 382-unit community in Surprise; Sierra Canyon, a 236-unit community in Glendale; the 356-unit Finisterra in Tempe; Waterford at Peoria, a 200-unit community in Peoria; Sierra Foothills, a 322-unit community in Phoenix; and Lumiere Chandler, a 255-unit community in Chandler. The communities were built between 1997 and 2009.

JLL delivers multifamily investors a full range of solutions through one diverse, integrated platform. 

The division employs over 200 professionals who provide comprehensive investment sales and disposition services with access to thousands of domestic and foreign investors.

Charles Steele
JLL is also one of the nation’s largest affordable and conventional multifamily and seniors housing lenders with comprehensive loan underwriting, asset management and loan servicing capabilities.

For more, please visit The Investor, an online and mobile app news source providing real-time commercial real estate news to asset buyers and sellers around the world.

For more news, videos and research resources on JLL, please visit the firm’s U.S. media center Web page:

For more information, please contact:

Stacey Hershauer
Phone: +1 480 600 0195

Orlando Sanford International Airport's Surrounding Land is Positioned for Major Mixed-Use Development with Low Transportation Hub Congestion

Paul Partyka
Sanford, FL --- The Orlando Sanford International Airport (OSIA), ranked for two decades as one of the fastest-growing airports in the U.S., has 400+ acres of vacant land surrounding its operations that has been readied for immediate development.  

With the emergence of hotels, offices, retail, warehouse/distribution and manufacturing facilities the airport will continue to be Seminole County’s economic growth engine. 

OSIA is seeking businesses to build facilities or opt for a build-to-suit on various-sized parcels initially released for lease within the acreage which has been designated for mixed-use development projects, according to NAI Realvest Partner Paul P. Partyka, CCIM, MICP. 

 “This is a fantastic opportunity for regional and national developers, hoteliers and retailers,” he said.

Partyka and Land Specialist Rachel Saunders, MBA is the team at Orlando-based NAI Realvest handling global marketing and leasing of the land parcels adjacent to the fifth busiest airport in the state.  

Rachel Saunders

The Airport engaged Zyscovich Architects who completed a vision study of the area and came up with a long-term use plan for  the Airport’s commercial real estate properties.

Seven major parcels ranging from 9.7 to 19.6 acres offering immediate development opportunities include two hotel sites, offices, which could include corporate headquarters or banks, a retail strip center which may include restaurants, a convenience store, flex and warehouse/distribution or training facilities, all located within Foreign Trade Zone 250.  

Commercial development is nothing new to OSIA, they’ve been involved in real estate for many years and currently the 1.6 million square feet of existing commercial space includes an Airport Industrial Park on 125 acres that is continuously at 95+ percent occupancy. 

“Businesses who want or need to have immediate access to an airport have a unique opportunity in Sanford,” said Partyka.   “The OSIA’s runways are as big as OIA’s, they accommodate three million passengers annually and a $60 Million terminal expansion is underway, yet roads traveled in and around the Orlando Sanford International Airport are far less congested,” he explained.  

“CSX Rail runs along the perimeter but more important for large trucks, the property benefits from ease of access via Lake Mary Blvd. to State Roads 46 and 417, which connect to a network of major arterial highways throughout the state.”

Sanford is the county seat, another convenience for new businesses, and the Airport is within a mile of 3,000 homes and townhomes planned for neighborhoods in an A-rated school district, key factors for companies to effectively build a qualified workforce.

Orlando Sanford International Airport

Economic development assistance is available for aviation related businesses who want to locate at one of the newly developed land parcels.

 “The environment is supportive of accelerating business growth and creating massive employment opportunities,” said Saunders.  An estimated 2,500 jobs could be created during construction stages alone.  

“This Airport’s new development project is poised for sustainable, long-lasting growth and it will dramatically change the landscape of Sanford establishing a gateway to Seminole County."

 For more information, please contact:

Larry Vershel or Beth Payan, Larry Vershel Communications Inc.