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| Sheldon Palms Apartments, 8802 Brennan Circle, Tampa, FL |
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| Cortney Cole |
HOUSTON, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for
Sheldon Palms, a 312-unit,
garden-style multi-housing community in Tampa, Florida.
Working on behalf of the
borrower, Venterra Realty, HFF placed the three-year, partial interest only
floating-rate acquisition loan with a national bank.
Approximately 12 miles
northwest of downtown and three miles from the waterfront, Sheldon Palms is
located at 8802 Brennan Circle just off Sheldon Road between Waters and
Hillsborough Avenues in Tampa’s West Bay neighborhood.
The 93-percent-leased
property has 13 residential buildings featuring one-, two- and three-bedroom
floor plans. Community amenities include
a swimming pool, spa, outdoor grilling areas, lighted tennis courts, fitness
center and clubhouse. Upon acquisition,
Venterra will enhance community amenities as well as implement upgrades to unit
interiors.
The HFF debt placement
team representing the borrower was led by director Cortney Cole and associate director Preston Reid.
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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