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| Alvista Highline Townhome Apartments, 11135 East Alameda Avenue, Aurora, CO |
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| Josh Simon |
DENVER, CO -– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has arranged acquisition financing for
Alvista Highline, a 90-unit townhome
apartment community in Aurora, Colorado.
HFF worked exclusively on
behalf of the borrower, Advenir, Inc., to secure the 10-year, floating-rate
loan with five years of interest only through Freddie Mac’s (Federal Home Loan
Mortgage Corporation) CME Program.
The securitized loan will
be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer
program. Advenir will rebrand the
property as Advenir@Del Arte Townhomes and will operate in conjunction with the
neighboring Advenir@Del Arte apartment community.
Alvista Highline is
located at 11135 East Alameda Avenue
near Interstate 225 to the east and the Anschutz Fitzsimons Medical Center
redevelopment to the north. Other
surrounding amenities include Buckley Air Force Base, the prestigious Cherry
Creek North retail corridor, the recently-renovated Town Center at Aurora and
the High Line Canal Trail.
The property, which is
approximately nine miles southeast of downtown Denver and a short distance from
the future Aurora City Center light rail station, offers a mix of one- and
two-bedroom floor plans.
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| Eric Tupler |
Originally built as
condominiums, the eight-building, two-story property features homes with
spacious floor plans, one-car attached garages, private entrances and
energy-efficient appliances.
The
property also encompasses six, privately-owned condominiums, which were not
part of this transaction.
The HFF debt placement
team representing Advenir, Inc. was led by managing director Josh Simon and 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 | hfflp.com
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