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| Mike Tepedino |
NEWPORT BEACH, CA ––
Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $129.78 million
in financing for two Class A apartment communities, The Knolls and Westlake Canyon, totaling 672 units in Thousand Oaks,
California.
Working exclusively on
behalf of the borrower, a joint venture between institutional investors advised
by J.P. Morgan Asset Management and SARES-REGIS Group, HFF placed the
five-year, floating-rate loan with a national bank. Loan proceeds were used to pay off maturing
debt and fund future planned capital improvements.
The Knolls and Westlake
Canyon are adjacent communities located at 2544 Vista Wood Circle and 2338
Fountain Crest Lane, respectively.
The properties are
situated northeast of the intersection of State Road 23 (Moorpark Freeway) and
State Highway 101 (Ventura Freeway) and are accessible to amenities, including
multiple retail destinations, nature trails at the Santa Monica National
Recreation Area, wine tasting at Westlake Village Inn Resort and lakeside
dining at Westlake Lake.
The Knolls offers residents two swimming
pools, four spas, a fireside lounge, clubhouse with library, fitness center,
two racquetball courts and lighted tennis court. Westlake Canyon has an amenity package
featuring a heated swimming pool, spa and fitness center.
The HFF debt placement
team representing the borrower was led by executive managing director Mike Tepedino, senior managing director
Kevin MacKenzie, managing director Charles Halladay and director Brian Torp.
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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