Thursday, January 3, 2013

HFF arranges financing totaling $607 million for 24 properties in nine states



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. 

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


No comments:

Post a Comment