HFF arranges financing for three multi-housing communities in the Greater Dallas metropolitan area

                                

 DALLAS, TX – HFF announced  it has arranged financing for three garden-style multi-housing communities totaling 600 units in Grand Prairie, Arlington and Irving, Texas.

HFF worked on behalf of Pure Multi-Family REIT LP to secure three separate fixed-rate loans through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program.  The securitized loans will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.

The properties are:

Windscape Apartment Homes, Grand Prairie, TX, 154 Units, 100% occupied.(top centered photo)

 Oakchase Apartment Homes, Arlington, TX, 236 Units, 98% occupied. (middle right photo)  

                               

 Stoneleigh at Valley Ranch,  Irving, TX,  210 Units, 95% occupied. (lower left photo)

The HFF team representing the borrower was led by senior managing director John Brownlee.

Pure Multi-Family REIT LP’s long-term objectives are generating stable and growing cash distributions on a tax-efficient basis from investments in multifamily real estate properties in major markets in the United States; enhancing the value of the Pure Multi-Family REIT LP’s assets and maximizing the long-term value of the properties through active management; and expanding its asset base and increasing its AFFO through an accretive acquisition program and improvements of the properties through targeted value-added capital programs.

Contacts:

JOHN S. BROWNLEE                                    

HFF Senior Managing Director                       

(214) 265-0880                                                   

jbrownlee@hfflp.com    

  

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500

ohennessey@hfflp.com

HFF hires David Wagner as director in its Atlanta office

ATLANTA, GA – HFF announced David Wagner has joined the firm as a director in its Atlanta office. 

Mr. Wagner will focus primarily on multi-housing investment sales throughout the southeastern United States.  He has 18 years of experience in the commercial real estate industry. 

Prior to joining HFF, Mr. Wagner worked as an investment manager at Cortland Partners, LLC and an associate broker at Cushman & Wakefield specializing in multi-housing asset sales prior to that.

He began his career in real estate at Harmony Properties, Inc. where he focused primarily on acquisitions, investment execution and capital improvements.  Mr. Wagner is a graduate of Purdue University in West Lafayette, Indiana.

“We are very pleased to add David to our team.  His well-rounded experience in the commercial real estate industry will be an invaluable asset to help expand our multi-housing team in the southeast,” commented senior managing director Jason Nettles (lower left photo).

Contacts:

JASON NETTLES                                            

HFF Senior Managing Director                         

 (404) 832-8460                                                  

jnettles@hfflp.com

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500

ohennessey@hfflp.com

HFF hires veteran net lease professional Jeffrey Thomas to lead and expand the firm’s net lease platform nationally

IRVINE, CA – HFF announced Jeffrey Thomas (top right photo) has joined the firm as a senior managing director in its Orange County office focused on net lease investment sales nationally.

Mr. Thomas has more than 15 years of experience in the commercial real estate industry.  Prior to joining HFF, he worked as a senior vice president at CB Richard Ellis with a focus on national net lease sales and completed more than $3.6 billion in investment sales while there.

“Jeffrey will undoubtedly be an extraordinary asset to the firm and will help strengthen and grow our net lease investment sales platform, not only in Southern California, but nationally,” commented Ryan Gallagher,  senior managing director of HFF’s Orange County office.  “We couldn’t be more excited to have him join the firm,”.  

For a complete copy of the company’s news release, please contact:

RYAN GALLAGHER                              

HFF Senior Managing Director         

(949) 253-8800                                   

rgallagher@hfflp.com                        

MARK WEST                                         

HFF Senior Managing Director       

(214) 265-0880                                   

mwest@hfflp.com                              

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500

ohennessey@hfflp.com

HFF secures $7.4 million financing for Keystone Apartments in Austin, TX

 DALLAS, TX – HFF announced today that it has secured a $7.4 million financing for Keystone Apartments (top left photo), a 166-unit, garden-style multi-housing community in Austin, Texas.

HFF worked exclusively on behalf of the property’s owner, Price Realty Corporation, to secure the seven-year, fixed-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. 

The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.  

Keystone Apartments is at 5230 Thunder Creek Road near the intersection of Highway 183 and Duval Road and minutes from Lakeline Mall.  The 95 percent occupied property has studio, one- and two-bedroom units. 

The HFF team representing the borrower was led by senior managing director John Brownlee (middle right photo).

“This transaction is especially pivotal to our firm as it marks our first acquisition in the Austin area.  We have been focused on the Dallas and North Texas market since 1991, but are working towards expanding our presence to Austin and beyond,” commented Mike Ochstein of Price Realty Corporation.  Price Realty Corporation currently owns approximately 5,800 units.

Contacts:

JOHN S. BROWNLEE                                    

 HFF Senior Managing Director                        

 (214) 265-0880                                                  

  jbrownlee@hfflp.com                                       

                             

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500

ohennessey@hfflp.com

HFF arranges $61.7 million financing for a 19-building office and industrial portfolio in Boulder, CO

DALLAS, TX – HFF announced it has arranged a $61.7 million financing for a 19-building office and industrial portfolio located with the Flatiron Business Park in Boulder, Colorado.

Working exclusively on behalf of Goff Capital Partners, HFF placed the three-year, adjustable-rate loan with GE Real Estate.  Funds from this transaction were used to finance the portfolio acquired in late 2011.

Flatiron Business Park is located in eastern Boulder at 5700 Flatiron Parkway near the intersection of 55th Street and Pearl Parkway.  The park encompasses 45 buildings situated on 200 acres and consists of a mixture of office, flex and light industrial/warehouse space. 

The 19 buildings included in this portfolio total more than 742,000 square feet, which are currently 70 percent leased overall. 

The HFF team representing the borrower was led by executive managing director Mark Gibson, director Jim Curtin and analyst Jeremy Sain.

For a complete copy of the company’s news release, please contact:

MARK D. GIBSON                                        

HFF Executive Managing Director            

(214) 265-0880                                           

mgibson@hfflp.com                                   

JAMES M. CURTIN                            

HFF Director                                      

(214) 265-0880

jcurtin@hfflp.com                            

                             

OLIVIA N. HENNESSEY

HFF Associate, Marketing

(713) 852-3500

ohennessey@hfflp.com

Wyndham Hotel Group Converts 20 New Managed Hotels in One Day

 Parsippany, NJ– Wyndham Hotel Group, the world’s largest hotel company with over 7,170 hotels and part of Wyndham Worldwide Corporation (NYSE: WYN), announced that it converted 20 hotels in one day, adding the properties to its portfolio of managed properties under the Wyndham® Hotels and Resorts and Hawthorn Suites® by Wyndham brands.

 The addition of the properties is part of the Company’s recently announced agreement with Hospitality Properties Trust (HPT) (NYSE: HPT) to rebrand four hotels in the portfolio to Wyndham Hotels and Resorts properties and 16 hotels to Hawthorn Suites by Wyndham properties (lower left photo).

All 20 hotels are now managed by Wyndham Hotel Group’s affiliated management companies under a 25-year contract. Also, HPT will provide up to $75 million for refurbishment and rebranding of the hotels.

“I am very pleased to officially welcome these 20 hotels to our growing Wyndham Hotel Group portfolio,” said Eric Danziger (top right photo), Wyndham Hotel Group president and CEO. 

 “The team made an incredible and unprecedented effort to convert these hotels all in one day, and I am confident that our hospitality expertise and the power of Wyndham Hotel Group will help these properties prosper.”

For a complete copy of the company’s news release, please contact:

Christine Da Silva

Vice President, Marketing Communications

Wyndham Hotel Group

22 Sylvan Way

Parsippany, NJ 07054

+1 (973) 753-6590

christine.dasilva@wyn.com

Charles Dunn Co. Completes $11 Million Lease with OneLegacy at Figueroa Courtyard In Downtown Los Angeles

  

LOS ANGELES, CA– Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed an $11 million lease with OneLegacy, a non-profit organ and tissue recovery organization, in Downtown Los Angeles.

This lease marks a total of $30 million in leasing activity with non-profit organizations over the past two years within Figueroa Courtyard (top left photo), a five-building, 270,000 square foot low-rise office park at 221 South Figueroa St.

OneLegacy expanded its space within Figueroa Courtyard by over 10,000 square feet and signed a 10-year lease. It also renewed 40,140 square feet of its existing space for an additional six years. One Legacy will move into its additional space in December of this year.

Chris Runyen (lower right photo) of Charles Dunn Company represented the tenant, as well as the landlord, US Bank.

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224