DALLAS, TX – The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has placed a $38.4 million loan with Freddie Mac for AMLI at Park Meadows, (top right photo) a 518-unit multifamily community in Littleton, Colorado.HFF senior managing director Mona Carlton (bottom left photo) worked exclusively on behalf of the borrower, AMLI Residential Properties.
Freddie Mac provided the seven-year, adjustable-rate loan, which is refinancing an existing loan.
AMLI at Park Meadows is sitated on a 33.7-acre site at 10200 Park Meadows Drive within walking distance to the Lincoln Light Rail in Littleton, approximately nine miles south of Denver.
The 94% leased property was completed in 2000 and has units averaging 1,029 square feet each. Community amenities include a pool plaza with outdoor spa, fitness center with climbing wall, tennis, volleyball and basketball courts, a putting green and a private movie theatre.
“Given its transit-oriented location and close proximity to popular shopping, dining and Denver’s largest employment area, the Denver Tech Center, the property is expected to maintain its strong rent growth and low vacancy moving forward,” said Carlton.
AMLI Residential Properties Trust, a national firm focused on the development, acquisition and management of luxury apartment communities, currently owns and operates in excess of 23,450 units.
Contacts:
Mona K. Carlton, Senior Managing Director, (214) 265-0880, mcarlton@hfflp.com
Kristen M. Murphy, HFF Associate Director Marketing, (713) 852-3500, krmurphy@hfflp.com
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