 |
| Jordan Robbins |
DENVER, CO – HFF announced it has closed the sale of and
arranged acquisition financing for Alta Alameda Station, a 338-unit,
Class AA, LEED Gold, urban infill apartment property in Denver, Colorado.
HFF
marketed the property on behalf of the seller, a joint venture between Wood
Partners, LLC and CBRE Global Investors.
IMT Capital purchased the asset for an undisclosed amount.
HFF also arranged a
five-year, 2.054 percent floating-rate loan on behalf of the buyer through
Freddie Mac (Federal Home Loan Mortgage Corporation). The loan will be serviced by HFF through its Freddie Mac Program
Plus® Seller/Servicer program.
Alta
Alameda Station is located at 275 South Cherokee Street to the south of
downtown Denver and within walking distance to the Alameda light rail station
and bus stop.
 |
| Jeffrey Haag |
Completed in 2014,
the property includes one-, two- and three-bedroom units averaging 909 square
feet each. Community amenities include
a seasonal swimming pool and hot tub, rooftop deck with full kitchen and
fireplace, fitness center with cardio room and yoga studio, bike/ski shop,
electric vehicle charging stations, dog wash, clubroom and cyber café.
The property was 93 percent leased at the time of sale.
The
HFF team representing the seller was led by director Jordan Robbins,
associate director Jeff Haag and real estate analyst Jared Buffington.
HFF’s debt placement team was led by senior managing
director Mike Kavanau, associate director Trent Niederberger and director
Josh Simon.
“Alta
Alameda Station is a true Class AA TOD property located within one of Denver’s
most desirable rental areas and draws a very high quality tenant base seeking
the area’s best amenity package. The property’s lease-up was extremely
successful and the new buyer has purchased an extremely unique property,”
commented Robbins.
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
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