Sunday, September 13, 2015

Acquisition financing for 312-unit Austin, TX apartment community secured by HFF


Riverton at Davis Springs Apartments, 10101 West Parmer Lane, Northwest Austin, TX

Eric Tupler
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured financing for Riverton at Davis Springs, a 312-unit apartment community in northwest Austin’s Parmer Lane Tech Corridor.

Working on behalf of the borrower, a joint venture arranged by HFF between Griffis Residential and GE Asset Management, HFF placed the five-year, fixed-rate loan with a correspondent life insurance company.  Loan proceeds were used to acquire the property.

Riverton at Davis Springs is located at 10101 West Parmer Lane at the intersection of Lakeline Boulevard and near the U.S. Highway 183 and State Highway 45 interchange. 

Situated in the heart of northwest Austin’s Tech Corridor, the property provides nearby access to more than six million square feet of office/flex space and is approximately three miles northwest of Lakeline Mall.

 The property has 16 residential buildings with units averaging approximately 866 square feet each.  Community amenities include a swimming pool with cascading fountains, hot tub, bark park, playground, 24-hour fitness studio and a recently-updated clubroom.

The HFF debt placement team representing the borrower was led by senior managing director Eric Tupler, managing director Josh Simon and associate director Casey Wenzel.

  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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