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| Ventana Apartments, 11020 Huebner Oaks, San Antonio, TX |
HOUSTON, TX
– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured fixed-rate
financing for Ventana Apartments, a
390-unit, Class A multi-housing community in San Antonio, Texas.
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| Cortney Cole |
Working on
behalf of the borrower, Venterra Realty, HFF placed the five-year, 3.06 percent
fixed-rate loan with a life company correspondent lender. Loan proceeds were used to acquire the asset.
Ventana
Apartments consists of 25 two- and three-story residential buildings containing
one-, two- and three-bedroom units totaling 380,076 rentable square feet.
Community amenities include two swimming
pools with cabanas, a fitness center, clubhouse and gated access.
The
95-percent-leased property is located at 11020 Huebner Oaks near the
intersection of Huebner Road and Interstate 10, proximate to retail and
entertainment venues including Huebner Oaks Center, which provides an
exceptional mix of more than 50 stores and restaurants within walking distance
of the property.
Ventana is
also located minutes from the South Texas Medical Center (30,000 employees) as
well as other major employers, including USAA.
The HFF debt
placement team representing the borrower was led by director Cortney Cole and real estate analyst Jordan Finch.
For a complete copy of the company’s
news release, please contact:
Kristen M.
Murphy
Associate
Director
HFF | One
Post Office Square, Suite 3500 | Boston, MA 02109
Main:
617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
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