 |
| Josh Simon |
DALLAS, TX –– Holliday
Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of and arranged
acquisition financing for The Villages
of Addison, a 264-unit, garden-style community in Dallas, Texas.
HFF marketed the property
on behalf of the seller, The Connor Group.
Advenir, Inc. purchased the offering for an undisclosed amount. This asset is Advenir’s first acquisition
funded by a $100 million revolving credit facility that HFF recently secured on
its behalf.
The Villages of Addison is
located at 17671 Addison Road just west of the Dallas North Tollway and less
than two miles south of the President George Bush Turnpike interchange in Far
North Dallas.
Other nearby amenities include the Galleria
Dallas, Addison Circle, Bent Tree Country Club and the University of Texas at
Dallas campus. The property is
approximately 95 percent leased and offers a variety of one- and two-bedroom
units ranging from 698 to 1,168 square feet.
The community features a
resort-style swimming pool, spa, fitness center, sauna, outdoor grilling/picnic
areas, clubhouse, game room, lounge and business center. Advenir will rebrand The Villages of Addison
as Advenir@Addison.
The HFF investment sales
team representing the seller was led by senior managing directors Roberto Casas and Bill Miller and directors Greg
Toro and Rob Key.
The HFF debt placement
team representing Advenir was led by managing director Josh Simon and senior managing directors Eric Tupler and Andy Scott.
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Specialist
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | hfflp.com
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