Chicago's Taylor Johnson Represents Serosun Farms, a New Client Based in Hampshire, IL

                                                           

John DeWald

CHICAGO, IL – Emily Johnson, president of Chicago-based Taylor Johnson announced the public relations and marketing firm now represents Serosun Farms, a revolutionary mixed-use agrihood development born from 400 acres of bucolic farmland in Hampshire, Ill.

 Future home to 114 environmentally kind luxury residences, Serosun Farms is the creation of John DeWald and his sister, Jane Stickland, an equine professional. Together, the siblings have a strong commitment to land preservation, environmental sustainability and slowing the suburban sprawl beginning to encroach on the agriculturally rich region.

Located 50 miles northwest of downtown Chicago, Serosun Farms is, at its core, a farm preservation project with 75 percent of the estate reserved for farming and open space/natural areas. The community embraces the natural beauty and agricultural history of the area while offering residents a host of amenities and lifestyle options in celebration of rural living.

Upon completion, Serosun Farms will offer a variety of interactive amenities including an on-site farmer’s market to give residents a true farm-to-table experience with fresh produce, farm-raised meat and dairy and a variety of specialty items, many of which will be grown on, and harvested from, the farm.

Emily Johnson

Future plans also call for a restaurant/market/artisanal village and a community center with swimming pool, game room and event facilities. Currently, residents have access to an existing equestrian center with stables as well as fully stocked fishing ponds.

 A 5-acre demonstration garden dedicated to specialty vegetables and fruits is also operational and focuses on growing heirloom and heritage varieties, while maintaining the valuable genetic diversity of the crops.

 Eight miles of trails for walking, running or riding, restored woodlands, prairie and wetlands, and regular cultural events round out a healthy place to live, work, learn and grow.

Custom homes at Serosun Farms will offer a wide variety of architectural sensibilities and state-of-the-art sustainable and healthy design elements ranging from geo-thermal heating, cooling and hot water systems to advanced home automation and green roofs.

For a complete copy of the company’s news release, please contact:

Emily Johnson, president

Taylor Johnson

jgrange@taylorjohnson.com

Trion Properties Launches Debut Fund; Targets $30 Million in equity for $100 Million in Buying Power

Max Sharkansky

Los Angeles, CA – Trion Properties, a Los Angeles-based private equity firm that specializes in value-add multifamily investments, has announced the launch of its first investment fund vehicle.

The fund, which will target $30 million in equity to reach $100 million in buying power, will invest in the acquisition, improvement, and repositioning of undervalued multifamily assets in four core markets, including Los Angeles, San Diego, the Bay Area and Portland, Oregon.

“The time is right to transition from a real estate syndication vehicle to a private equity fund vehicle,” says Max Sharkansky, Managing Partner and Co-Founder of Trion Properties.

“Preqin recently reported that the biggest challenge facing private real estate fund managers in 2016 will be finding attractive investment opportunities.  

"Our firm has a deep pipeline of opportunities that we’ve already identified, and the shift to a private equity fund will allow us to take full advantage of these opportunities as they arise, increasing activity in our target markets.”

Trion Properties has already closed over $100 million in transactions, demonstrating its pipeline and strategic capabilities. To date, the firm has taken 20 properties full cycle, averaging an internal rate of return of 30 percent.

Mitch Paskover

“We knew that launching a first time fund would be extremely competitive, and we had to prove ourselves from the start,” explains Sharkansky. “Our returns to date have done just that.  We started by identifying deals in our niche markets and raised capital from a small pool of investors.

“From there, we executed on our strategy and successfully developed a proven track record that can help us to demonstrate the potential that our platform presents to investors.”

The key to the platform’s success lies in its hyper-narrow focus, according to Mitch Paskover, Managing Partner and Co-Founder of Trion Properties.

“Our unique selling point is our niche strategy. We invest in undermanaged multifamily properties in supply-constrained markets with high barriers to entry,” says Paskover. 

“Because we’re so focused, we bring a deeper expertise in this product type and geography than our competitors.  By staying true to what we do best, we remain poised to deliver extremely strong yields over time.”

For a complete copy of the company’s news release, please contact:

Katie Kea / Lexi Astfalk

Brower, Miller & Cole

(949) 955-7940

kkea@browermillercole.com

HFF arranges $53.426 million in equity and debt for high-rise apartment development in Philadelphia’s University City

Rendering of planned 3201 Race Street Apartments, University City Neighborhood, Philadelphia, PA

Ryan Ade

PHILADELPHIA, PA – Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged $53.426 million in preferred equity and construction financing for the development of 3201 Race Street, a 16-story, luxury high-rise apartment property in Philadelphia’s University City neighborhood.

HFF worked on behalf of the developer, Radnor Property Group, to arrange $18.076 million in preferred equity from a commingled fund managed by American Realty Advisors. 

In addition, HFF secured a $35.35 million construction loan for the newly-created partnership through the Santander Commercial Real Estate office in Philadelphia.

Due for completion in 2017, 3201 Race Street will have 164 one- and two-bedroom residential units averaging 680 square feet each and 13,837 square feet of ground floor commercial space, which will be occupied by childcare operator Nobel Learning Communities. 

Situated on a 0.68-acre site on the Drexel University campus, the property provides nearby access to Interstate 76, the Philadelphia Museum of Art and the 30th Street Station, which is the largest transportation hub in the region and the third busiest Amtrak station in the United States. 

Mark Thomson

In addition, the project is situated two blocks from the Innovation Neighborhood, which when complete, will add 6.5 million square feet of mixed-use space to the submarket.

The HFF deal team was led by managing director Ryan Ade and senior managing director Mark Thomson.

”HFF was very pleased to be involved in raising both equity and debt capital on behalf of Radnor Property Group,” said Ade.  “We are excited to see this project come to fruition as University City continues to attract institutional capital from around the United States.”

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

ohennessey@hfflp.com

www.americanreal.com.

HFF arranges financing for 148-unit apartment community in Temple, TX

Cortney Cole

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has arranged financing for Chappell Creek Village, a 148-unit, garden-style apartment community in Temple, Texas.

Working exclusively on behalf of the borrower, Chappell Hill Equity III, Ltd., HFF placed the 10-year, 3.86 percent, fixed-rate loan with a correspondent life insurance lender.

Chappell Creek Village is situated on the north side of Ira Young Drive in southwest Temple, just one half of a mile east of Interstate 35 and near major area employers such as Scott & White Memorial Hospital, McLane Foodservice headquarters, Walmart Regional Distribution Center and Temple Mall. 

Built on 12.62 acres, the property encompasses 148 one-, two- and three-bedroom units within 12 two- and three-story apartment buildings that total 147,220 rentable square feet.  Community amenities include a swimming pool, fitness center, business center and on-site laundry facilities.  The property is 93 percent occupied.

HFF’s debt placement team was led by director Cortney Cole and executive managing director Scott Galloway.

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

ohennessey@hfflp.com

HFF secures $30.5 million financing for Broomfield, CO multi-housing development

 

Josh Simon

DENVER, CO  – Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured $30.5 million in financing for the development of Mountain View at Palisade Park, a 216-unit, garden-style multi-housing community in Broomfield, Colorado.

Working exclusively on behalf of Jeffrey Sanders of Boulder, Colorado-based MountainView Capital, LLC, HFF placed the construction loan with a regional bank.

Situated on 8.29 acres at the southwest corner of 169th Avenue and Huron Street, Mountain View at Palisade Park is located just off Interstate 25 and is approximately 20 miles north of downtown Denver and 20 miles east of downtown Boulder.

 Due for completion in 2017, the property’s eight, three-story residential buildings will house one-, two- and three-bedroom units averaging 909 square feet each with amenities including nine-foot ceilings, granite countertops and stainless steel appliances. 

Common area amenities will include a community clubhouse, resort-style swimming pool, state-of-the-art fitness center, yoga room and garage/carport parking.

The HFF debt placement team representing the borrower was led by Josh Simon and Kristian Lichtenfels.

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

ohennessey@hfflp.com