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| Marley Run Apartments, 8017 Ashberry Lane, Pasadena, MD |
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| Trent Niederberger |
CHICAGO, IL – HFF announced it has arranged financing for Marley
Run, a 336-unit, garden-style multi-housing community in Pasadena,
Maryland.
HFF worked on behalf of the borrower, Stockbridge Capital
Group, LLC (“Stockbridge”), to secure the 10-year, 4.50 percent, fixed-rate
loan through M&T Bank/Fannie Mae.
Proceeds were used to refinance the property.
Marley Run is located at 8017 Ashberry Lane in
Pasadena, Maryland, approximately midway between Annapolis and Baltimore.
Recently renovated,
the 94 percent leased property includes a mixture of one- and two-bedroom
units.
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| Matthew Schoenfeldt |
Community amenities include a resort-style swimming pool and
terrace, state-of-the-art fitness center, fenced dog park, playground,
clubhouse, illuminated tennis courts and picnic areas.
HFF’s debt placement team representing the borrower was led
by Trent Niederberger, Matthew Schoenfeldt and Cary Abod.
Stockbridge is a fully independent real estate investment
management firm led by veteran industry professionals.
The firm’s portfolio comprises assets across the investment
risk spectrum, including core, value-added and opportunistic strategies.
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| Cary Abod |
Stockbridge has approximately $6.4 billion of assets under
management (as of September 30, 2013) spanning all major real estate property
types, and certain specialty property types, throughout the United States.
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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