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| Regency Park Apartments, 401 Little Texas Lane, Austin, TX |
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| Douglas Opalka |
AUSTIN, TX – HFF announced today that it has arranged $47
million in financing for Regency Park Apartments, a 528-unit, Class A,
garden-style multi-housing community in Austin, Texas.
HFF
worked exclusively on behalf of the borrower, Suburban Homes, Inc., to arrange
the fixed-rate loan through JP Morgan Chase Bank N.A.
Regency Park Apartments is located at 401 Little Texas Lane
between South Congress Avenue and Interstate 35 in South Austin. Completed in 2003, the property is currently
98 percent leased and has averaged 97 percent occupancy throughout the past
decade.
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| Robert Wooten |
Community amenities include a fitness center, two
resort-style swimming pools, spa, sand volleyball, picnic and barbecue areas,
dog park, business center, clubroom and billiard room.
The
HFF team representing the borrower was led by senior managing director Douglas
Opalka and associate director Robert Wooten.
“The ownership’s focus on community and taking care of its
tenants has created a very friendly atmosphere, earning rave reviews from the
residents who reward the management with long term loyalty. This made the asset all the more attractive
to lenders,” commented Opalka.
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
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