HFF completes $900 million sale of 13-property multi-housing portfolio

  

Matthew Lawton

CHICAGO, IL – HFF announced today that it has completed the sale of the final property of a 13-property multi-housing portfolio totaling more than $900 million located in eight major metros throughout the United States.  

The final property, Apex, is a 28-story, 271-unit, Class A condominium tower in downtown Los Angeles. 

                HFF marketed the portfolio on behalf of the seller, ST Residential, LLC.  Collectively the assets sold to four separate groups for more than $900 million. 

                Properties in the portfolio included: Apex (Los Angeles); San Pedro Bank Lofts (San Pedro, CA); Mosaic II (Houston); 44 Monroe (Phoenix); The Ogden, Juhl, One Las Vegas, Loft 5 and Spanish Palms (Las Vegas); The Element (Tampa); Mezzo (Atlanta); Highgrove (Stamford) and The Lex (Chicago). 

 The 93.2 percent leased portfolio totals 3,128 units, has an average year built of 2008 and an average unit size of 1,215 square feet.

                The HFF investment sales team representing ST Residential, LLC was led by executive managing director Matthew Lawton. 

                 ST Residential, LLC is a manager of properties owned by a public-private partnership between the FDIC and a group of leading U.S. private real estate investors, including Starwood Capital, TPG, Perry Capital and WLR LeFrak.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com