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| 2460 Peachtree Apartments, Buckhead Neighborhood Peachtree Road NW and Lindbergh Drive NE, Atlanta, GA |
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| Stephen Skok |
CHICAGO, IL – HFF announced today that it has arranged
$33.25 million in financing for 2460 Peachtree Apartments, a 19-story,
236-unit, Class A multi-housing property in Atlanta’s Buckhead neighborhood.
Working on behalf of the borrower, an affiliate of Waterton Associates,
LLC, HFF placed the seven-year loan with Freddie Mac’s (Federal Home Loan
Mortgage Corporation) CME Program.
The securitized loan
will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer
program. Loan proceeds were used to
acquire the property.
2460
Peachtree Apartments is located at the intersection of Peachtree Road NW and
Lindbergh Drive NE. Partially renovated
in 2013, the property features an outdoor swimming pool with sundeck, grilling
area, resident garden, fitness center, saunas, hot tub, clubroom and 24-hour
doorman. The building is 98 percent
leased.
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| Jason Bond |
The HFF debt placement team representing the borrower was
led by managing director Stephen Skok, associate director Jason Bond
and senior managing director Mark Sixour.
“This acquisition serves to expand Waterton’s presence in
the Atlanta marketplace. In addition to
2460 Peachtree, the firm owns five other multi-housing properties in the area
totaling 1,616 units,” said Skok.
Waterton Associates, LLC is a Chicago-based investment firm
specializing in the ownership and management of multifamily properties. Waterton has participated in the
acquisition, disposition and financing of apartment properties located
throughout the United States.
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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