 |
| John Brownlee |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has secured $43 million in financing
for Alexan Fairmount, a 368-unit, Class AA mid-rise apartment community in
Dallas’ Oak Lawn neighborhood.
HFF worked on behalf of
the borrower, Pure Multi-Family REIT LP, to place the 12-year, fixed-rate loan
with Cigna Investments. Loan proceeds
were used to acquire the property.
Alexan Fairmount is
situated one block east of the Dallas North Tollway adjacent to the Maple
Avenue restaurant district.
Positioned
near Dallas’ largest employment and entertainment destinations in Uptown, the
Medical District, Old Parkland Campus and the central business district, the
property is surrounded by the city’s top retail, dining, cultural and nightlife
attractions.
Completed in 2015, the five-story property
wraps around a central pool plaza with fire pit and has additional amenities,
including an outdoor gourmet kitchen with grilling station, wellness studio
with CrossFit-inspired equipment, yoga and spin room, tanning studio,
relaxation garden, bark park with pet grooming station, cyber café, social
lounge, electronic vehicle charging stations and an access-controlled parking
garage. Alexan Fairmount’s one- and
two-bedroom units incorporate luxury finishes such as keyless entry, plank
flooring, 10-foot ceilings, spa showers and gourmet kitchens with granite
countertops, glass-paneled cabinetry, wine racks and stainless steel
appliances.
The HFF debt placement
team representing the borrower was led by senior managing director John Brownlee and associate director Michael Cosby.
For a complete copy of the company’s
news release, please contact:
Kristen M. Murphy
Director, Marketing
HFF | One Post Office
Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 |
Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com
No comments:
Post a Comment