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| Eric Tupler |
DENVER, CO – HFF announced today that it has arranged
financing totaling $607 million for 24 properties totaling more than five
million square feet and 3,499 units in nine states.
HFF
worked on behalf of a pension fund advised by Invesco, RREEF Real Estate and TA
Associates Realty to secure the financings.
The loans were placed with M&T Realty Capital Corporation (Fannie
Mae), Principal Global Investors and Bank of America.
M&T Realty Capital Corporation (Fannie Mae) provided eight loans
totaling $237,000,000. Principal Global
Investors provided nine loans totaling $183,650,000 and Bank of America
provided seven loans totaling $185,970,000.
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| Mike Kavanau |
The
properties are comprised of eight multi-housing assets totaling 3,499 units,
two office assets totaling 304,286 square feet, five retail centers that total
1,821,803 square feet and nine industrial properties totaling 3,052,149 square
feet. Overall, the portfolio is 90
percent occupied. Properties are
located in major markets in California, Florida, Georgia, Massachusetts,
Pennsylvania, Rhode Island, Texas, Virginia and Washington.
The
HFF team representing the pension fund and its advisors was led by senior
managing directors Eric Tupler and Mike Kavanau.
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 | www.hfflp.com
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