 |
| Timothy Joyce |
CHICAGO, IL – HFF announced it has secured $21 million in
financing for Campus Center Apartments, a 194-unit/419-bed student
housing property serving the College of Charleston (COC) in Charleston, South
Carolina.
HFF
worked on behalf of Harrison Street Real Estate Capital to place the 10-year,
fixed-rate loan with Prudential Mortgage Capital Company.
Completed in 2013, Campus Center Apartments is 100 percent occupied and
is comprised of 194 units averaging 672 square feet each. The property includes a 17,764-square-foot
fitness center featuring state-of-the-art equipment and group fitness classes
that is leased to the COC. The property
is located adjacent to campus at 50 George Street.
The
HFF team representing the borrower was led by managing directors Timothy
Joyce and Stephen Skok.
Harrison Street Real Estate Capital was founded in 2005 and
has approximately $7.3 billion in assets under management and has acquired or
developed 400 assets including more than 50,000 student housing beds, more than
11,600 seniors housing/assisted living units, more than 4.8 million square feet
of medical office space, more than 36,000 self-storage units, and more than
4,100 wet and dry boat storage units.
 |
| Stephen Skok |
Prudential Mortgage Capital Company is a national
full-service, commercial and multifamily mortgage finance business with more
than $79 billion in assets under management and administration as of June 30,
2014.
Leveraging a 135-year history of real estate finance, the company offers
one of the most comprehensive lines of real estate finance products and
originates loans for Fannie Mae DUS®, Freddie Mac Program Plus® and specialized
affordable housing programs; FHA; Conduit; Prudential’s general account and
proprietary balance sheet program; and other institutional investors.
The
company maintains a loan servicing portfolio of approximately $76.7 billion, as
of June 30, 2014.
For more information, please visit http://www.prumortgagecapital.com.
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
No comments:
Post a Comment