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| Fifty Twenty-Five Apartments, 5025 Collwood Boulevard, San Diego, CA |
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| Hunter Combs |
SAN DIEGO, CA – Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the $69.5 million sale of Fifty Twenty-Five, a 260-unit/942-bed,
Class A luxury student housing community serving San Diego State University.
HFF marketed the asset
exclusively on behalf of an undisclosed seller.
FPA MultiFamily, LLC purchased the asset for $69.5 million free and
clear of existing debt.
Completed in 2010, Fifty
Twenty-Five is a LEED Gold-certified property offering a mix of studio, two-
and four-bedroom floor plans averaging 951 square feet each with amenities
including flat-screen televisions, high-speed internet, modern furnishings,
full-size washers and dryers, walk-in closets and fully-equipped kitchens.
The community also features a resort-style
swimming pool, 24-hour fitness center, study rooms, 24-hour computer center,
coffee bar, tanning bed, shuttle service and 598-space parking garage. The property is situated less than one mile
from campus at 5025 Collwood Boulevard.
The HFF team was led by
directors Hunter Combs and Zack Holderman.
“This closing represents
yet another successful transaction for HFF’s national student housing team,
which is led by managing director Brian Kelly and associate director Mike Higgins
from HFF’s Chicago office. In addition
to California, HFF has closed deals in locations such as Kansas, Illinois,
Ohio, Michigan, Louisiana and Florida during the past year,” said Combs.
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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