Sunday, May 10, 2015

HFF secures $494.88 million acquisition financing for 12-property multi-state apartment portfolio in Three States


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


No comments:

Post a Comment