Thursday, June 9, 2011

$128 million financing secured by HFF for eight-property multi-housing portfolio in Georgia, North Carolina and Texas


 DALLAS, TX – HFF announced today that it has secured $128 million in financing for an eight-property, 2,407-unit multi-housing portfolio located in the metropolitan areas of Atlanta, Georgia; Raleigh, North Carolina; and Dallas and Houston, Texas.

Working exclusively on behalf of MAA, HFF placed the 10-year, 5.08 percent fixed-rate loan with New York Life Insurance Company.  Loan proceeds are paying off an existing facility.

The HFF team representing MAA was led by senior managing director Kevin MacKenzie (top right photo).

MAA is a self-administered, self-managed apartment-only real estate investment trust, which currently owns or has ownership interest in 47,654 apartment units throughout the Sunbelt region of the U.S.  www.maac.com.

Contacts:
Kevin C. Mackenzie, HFF Senior Managing Director, (214) 265-0880,  kmackenzie@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500, krmurphy@hfflp.com

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