 |
| Avendaro at Canyon Creek Apartments, 9807 Ranch Road 620 North, Austin, TX |
 |
| Eric Tupler |
DENVER, CO – HFF announced today that it has arranged
financing for Avendaro at Canyon Creek, a 296-unit, Class A,
garden-style multi-housing complex in northwest Austin, Texas.
HFF worked on behalf of the borrower, Griffis Residential,
to secure the nine-year, 3.56 percent, fixed-rate loan through a correspondent
life insurance company.
Loan proceeds
were used to acquire the property, and HFF will service the loan.
Avendaro at Canyon Creek is situated on 23.767 acres at 9807 Ranch Road
620 North in Austin, which was named by Kiplinger as the “No. 1 Best City for
the Decade.”
Located along State
Highway 620, the property is approximately 17 miles north of downtown Austin
near State Highway 45 and Interstate 35.
The 13 two- and
three-story buildings are composed of 132 one-, 140 two- and 24 three-bedroom
units averaging 965 square feet.
 |
| Josh Simon |
Community amenities include a clubroom with full kitchen and catering
area, media room with theatre seating, DVD and gaming library, business center,
24-hour fitness center, resort-style swimming pool with spa, outdoor media
lounge with fireplace, children’s play area, sand volleyball court and dog
park.
The HFF debt placement team was led by
senior managing director Eric Tupler, managing director Josh Simon,
associate director Casey Wenzel and real estate analysts Leon McBroom
and Bryan Harvey.
Griffis Residential is a multifamily real estate investment
company that owns and manages approximately 6,000 Class A apartment units in
Colorado, Nevada and Texas.
With a property portfolio valued at approximately $900
million, Griffis Residential is the second largest institutional quality Class
A multifamily apartment owner in Colorado.
Headed by Ian Griffis, David Birnbaum and Tom Barta,
Griffis Residential focuses on balancing an aggressive expansion strategy with
a superior guest experience for its residents.
 |
| Casey Wenzel |
For more information visit www.griffisresidential.com or contact
Griffis Residential chairman, Ian Griffis (igriffis@griffisresidential.com);
CEO, David Birnbaum (david@griffisresidential.com) or COO, Tom Barta (tbarta@griffisresidential.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