 |
| Hunter Combs |
SAN DIEGO, CA – HFF announced it has closed the $6.6 million
sale of and arranged acquisition financing for Park Columbia Apartments, a
151-unit apartment community in Hemet, California.
HFF
marketed the property on behalf of the seller.
Srinivas Yalamanchili, a private investor, purchased the property for
$6.6 million free and clear of existing debt.
HFF also worked on behalf of the buyer to place a 10-year, fixed-rate
loan with FNMA.
Park
Columbia is located at 201 South Columbia Street approximately .75 miles from
the junction of Highways 74 and 79 in Hemet.
The two-building community is 95 percent leased and includes
studio, one- and two-bedroom floor plans ranging between 385 and 830 square
feet each.
 |
| Pat Burger |
Community amenities include two swimming pools, two spas,
grill area and expansive courtyards.
The
HFF investment sales team was led by director Hunter Combs.
HFF’s
debt placement team was led by director Pat Burger and senior real
estate analyst Kara Mathis.
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
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