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| Sean Fogarty |
CHICAGO, IL – HFF announced it has closed the sale of and
arranged financing for Hunter’s Glen, a 320-unit, Class A, garden-style
multi-housing community in Aurora, Illinois.
HFF
marketed the property on behalf of the seller, Levin Realty Advisors. L3C Partners, LLC purchased the offering
free and clear of existing debt. HFF
also secured a seven-year, 3.64 percent acquisition loan on behalf of the buyer
through M&T Realty Capital Corporation.
Hunter’s Glen is located at 245 North Oakhurst Drive near the
intersection of New York Street and Eola Road and within 10 minutes of two
Metra stations with direct routes into Chicago’s central business
district.
Situated on approximately 16 acres, the property includes
one- and two-bedroom floor plans averaging 886 square feet each.
 |
| Marty O'Connell |
Community amenities include a heated resort-style swimming
pool and sundeck, sauna/spa, fitness center, tennis court, sand volleyball
courts, clubhouse and children’s playroom.
The
HFF investment sales team representing the seller was led by managing directors
Sean Fogarty and Marty O’Connell, associate director Wick
Kirby and executive managing director Matthew Lawton.
HFF’s
debt placement team was led by managing director Matthew Schoenfeldt and
associate director Jason Bond.
Levin
Realty Advisors, LLC (LRA) is a real estate investment firm formed in October
2004 to provide national multifamily acquisition and asset management
services. Levin Realty Advisors is
headquartered in Chicago.
L3C
Capital Partners LLC is a New York-based real estate investment company that
serves as the general partner of real estate investments in quality multifamily
apartment communities across the United States. The company and its affiliated entities have completed more than
$300 million of transactions since its inception in 2009.
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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