 |
| Westover Oaks Apartments, San Antonio, TX |
HOUSTON, TX – HFF announced today that it has arranged
financing for Westover Oaks, a 256-unit, Class A multi-housing property
in San Antonio, Texas.
HFF
worked exclusively on behalf of Venterra Realty to secure the 10-year, 3.41
percent, fixed-rate loan with two years of interest-only payments through
Lincoln Financial Group. Loan proceeds
were used to acquire the property. HFF
will also service the loan.
Westover Oaks is located at 7727 Potranco Road northwest of San
Antonio’s CBD in the thriving Westover Hills submarket in close proximity to
major employers and multiple corporate campuses and call centers. Completed in 2012, the property is 95
percent leased.
The property is fully amenitized with interior construction
features consisting of crown molding, wood flooring, granite countertops,
stainless appliances and washer/dryer equipment.
The HFF team representing Venterra was led by director Cortney
Cole.
Venterra specializes in the identification, finance,
acquisition and management of multi-family residential communities in the
southern United States.
Venterra
currently manages a portfolio of multi-family real estate assets totaling over
$850 million in value that generates gross annual income in excess of $90
million. The organization has completed
in excess of $1.5 billion of real estate transactions. Venterra has offices in both Houston and
Toronto and employs over 450 people.
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