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| 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.
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| 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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