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| Eric Tupler |
DENVER, CO –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $40.2 million in financing
for Fox Ridge Apartment Homes in Centennial, Colorado and $37.3 million in
financing for Canterwood Apartments at
4970 Meredith Way in Boulder, Colorado.
HFF worked on behalf of
the borrower, a REIT sponsored by Resource Real Estate, Inc. (“RRE”), to
arrange two separate loans through a life company correspondent lender. Both loans have a seven-year, fixed-rate term
with significant prepayment flexibility.
The borrower previously acquired the properties on an all-cash
basis.
Fox Ridge Apartment Homes
is a 300-unit property located at 8225 South Poplar Way within the Cherry Creek
School District and adjacent to numerous retail, dining and entertainment
amenities, including Park Meadows Mall.
The property has 27 two-
and three-story walk-up residential buildings encompassing one- and two-bedroom
units averaging 977 square feet each.
Community amenities include a heated outdoor swimming pool, 24-hour fitness
center, sport court, outdoor barbecue grill and picnic area, and reserved
carport parking.
Canterwood Apartments is
located in Boulder, Colorado at 4970
Meredith Way. The property has 216
one- and two-bedroom units averaging 850 square feet situated within 14
residential buildings. Community
amenities include a swimming pool, hot tub, barbecue picnic areas, dog park,
yoga room, bike repair room, two clubhouses, business center and views of the
Flatirons.
The HFF debt placement
team was led by senior managing director Eric
Tupler.
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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