Monday, October 1, 2012

HFF secures $19.5 million financing for Tiger Manor in Baton Rouge, LA



Tiger Manor
 IRVINE, CA – HFF announced today that it has secured $19.5 million in acquisition financing for Tiger Manor, a 287-unit student housing community serving Louisiana State University in Baton Rouge, Louisiana.

HFF worked exclusively on behalf of Stirling Properties, Inc. to secure the 10-year fixed-rate securitized loan through Natixis Real Estate Capital, LLC.

Kevin Mackenzie


Situated one block north of the Louisiana State University campus, Tiger Manor is located at 3000 July Street to the west of Highland Road in Baton Rouge.  The 93 percent occupied property provides convenient access to school, shopping, restaurants and other entertainment in addition to campus shuttle service. 

The HFF team representing the borrower was led by senior managing director Kevin Mackenzie and associate director Jim Curtin.

Headquartered in Covington, Louisiana, Stirling Properties, Inc. is a commercial real estate firm offering services including commercial brokerage, project management, property and asset management and investment sales and acquisitions.

 With more than 35 years in the industry, the firm delivers unparalleled market knowledge and product diversity to clients throughout the Gulf South region of the United States.


Contact:

Kristen M. Murphy
Associate Director HFF
9 Greenway Plaza, Suite 700
Houston, TX 77046
tel 713.852.3500
cel 617.543.4873
 fax 713.527.8725  

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