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| Mona Carlton |
DALLAS, TX – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing
totaling $494.88 million for the acquisition of 12 apartment communities
totaling 4,635 units located in Texas, Georgia and Colorado.
Working on behalf of the borrower, Strata Equity Group,
Inc., HFF placed 12 separate fixed-rate loans totaling $494.88 million with
Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loans will be serviced by HFF
through its Freddie Mac Program Plus® Seller/Servicer program.
The HFF debt placement team representing the borrower was
led by senior managing director Mona
Carlton, director Luke Vanderpoel
and associate director Chad Russell
and supported by real estate analyst Kris
Lowe and production coordinator Ginger
O’Reilly.
Strata Equity Group is a San Diego, California-based
family-owned real estate investment and management company founded by Carlos D.
Michan, CEO and his two brothers.
 |
| Chad Russell |
With
over 30 years of operating history, Strata manages two investment divisions:
acquiring, repositioning, and operating commercial income properties with an
emphasis on multi-family; and acquiring and entitling raw land throughout
Southern California.
Strata owns and
manages over $1.5 billion in real estate assets comprised of over 7,500 multi-family
units, over 375,000 square feet of commercial space and over 18,000 acres of
land.
For a complete copy
of the company’s news release, please contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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