HFF arranges $13.6 million financing for Aurora, CO townhome apartment community

  

Alvista Highline Townhome Apartments, 11135 East Alameda Avenue, Aurora, CO

 

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. 

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

ohennessey@hfflp.com

HFF closes sale of and secures financing for 152-unit multi-housing community in central Austin, TX

The Parker Apartments, 5106 Lamar Boulevard, Central Austin, TX

AUSTIN, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and secured financing for The Parker, a 152-unit multi-housing community in central Austin.

HFF marketed the property exclusively on behalf of the seller, Icon Urban Group, LLC.  Austin Capital Advisors purchased the asset for an undisclosed amount.  In addition, HFF assisted the new owner in securing a seven-year, fixed-rate acquisition loan through LStar Capital.

The Parker is situated on 4.87 acres at 5106 North Lamar Boulevard immediately northeast of the convergence of North Lamar Boulevard and West Guadalupe Street. 

Casey Wenzel

Originally constructed in 1967 and extensively renovated in 2015, the property is designed in a retro modern style and is convenient to downtown, The University of Texas and major transportation arteries such as Interstate 35 and Mopac Expressway. 

The Parker has a mix of one-, two- and three-bedroom floor plans averaging 643 square feet with community features, including two resort-style swimming pools with cabanas; outdoor bar; barbecue and picnic areas; life-size outdoor chess board and croquet; 24-hour fitness center; dog run; and a courtyard with fire pits and reflection pool.  The property also offers guest rooms for short-term lease.

The HFF investment sales team representing the seller was led by director Forrest Bass.

HFF’s debt placement team representing the buyer was led by director Casey Wenzel.

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

ohennessey@hfflp.com

KTGY Architecture + Planning Welcomes Joe Hirsch as Director of Business Development

Joe Hirsch

CHICAGO, IL — The Chicago/Midwest office of KTGY Architecture + Planning, an award-winning national architecture and planning firm, has welcomed Joe Hirsch as director of business development.

 In this role, Hirsch will be responsible for further penetrating the Midwest market by establishing new client relationships. He will also focus on expanding services for the firm’s clients nationally.

“Joe has built strong relationships within the architectural, engineering and design industries, and is a great complement to our growing team,” said David M. Kennedy, principal at KTGY Architecture + Planning’s Chicago/Midwest office. “We’re looking forward to leveraging his business development strategies as we continue to grow our footprint in the Midwest.”

Hirsch, 54, brings more than 15 years of experience in marketing professional services in the residential and commercial real estate sectors. Over the years, he has worked on projects spanning a variety of property types, including multifamily, healthcare and mixed-use developments.

David M. Kennedy

Most recently, Hirsch served as director of business development for Berglund Construction and The Opus Group. Prior to that, he spent several years leading business development efforts for Nagle Hartray Architecture.

“Since opening our Chicago/Midwest office a year ago, we’ve doubled our staff and established a strong presence in the Midwest,” said Craig Pryde, AIA, LEED AP, principal at KTGY's Chicago/Midwest office. “We’re confident Joe’s expertise will build upon that success.”

Hirsch earned a bachelor’s degree in environmental conservation from the University of Colorado Boulder and has completed graduate coursework at the Illinois Institute of Technology’s Stuart School of Business.

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

Julie Liedtke, jliedtke@taylorjohnson.com, (312) 267-4521

Abe Tekippe, atekippe@taylorjohnson.com, (312) 267-4528

www.KTGY.com