 |
| Regency at RidgeGate apartments, 10320 Commonwealth Street, Lone Tree, CO |
 |
| Lisa Evans |
DENVER, CO – HFF announced today that it has arranged $22.5
million in financing for the Regency at RidgeGate, a 208-unit, Class A
multi-housing community in Lone Tree, Colorado.
HFF
worked exclusively on behalf of Regency Residential Partners, LLC (“Regency”)
to secure the 25-year, fully amortizing loan at a fixed-rate of 4.55 percent
through Nationwide Insurance, a correspondent lender. The loan was funded prior to full stabilization and proceeds will
replace maturing construction financing on the property.
 |
| Eric Tupler |
Completed in August 2013, Regency at RidgeGate has 187 one-
and two-bedroom garden-style units and 21 two- and three-bedroom
townhomes.
The community was 88.5
percent leased at the time of funding and features amenities such as a swimming
pool with sun deck, barbecue and fire pit, fitness center with yoga room,
business center, club house and pet care facility.
The property is located at 10320 Commonwealth Street
near the intersection of RidgeGate Parkway and Lincoln Road, proximate to the
Sky Ridge Medical Center, South Suburban Recreation Center, The Lone Tree
Performing Arts Center and Interstate 25.
 |
| Josh Simon |
The HFF team representing the seller was led by senior
managing director Eric Tupler, director Josh Simon and real
estate analyst Leon McBroom.
“Regency at RidgeGate is performing exceptionally well and
we are very pleased. It was great to
find partners in HFF and Nationwide Insurance who appreciated the quality and
project design,” commented Regency managing director Lisa Evans.
Regency is headquartered in Denver, Colorado. Regency specializes in the acquisition and
development of well-located apartment complexes in the western United
States.
 |
| Leon McBroom |
For a complete
copy of the company’s news release, please contact:
Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell:
617-543-4873 | www.hfflp.com
No comments:
Post a Comment