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| Elliott Throne |
MIAMI, FL, March 15, 2017
– Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged
$36.75 million in acquisition and bridge financing for Campus Club and Gateway at Glades, a 1,356-bed student housing portfolio
serving the University of Florida in Gainesville, Florida.
HFF worked on behalf of
Park Partners Residential (Park Partners) to secure the loan, which was
provided by Resource Real Estate (Resource).
Park Partners Residential will renovate and reposition the properties to
compete against newer assets in the market.
Campus Club and Gateway at
Glades are strategically and centrally located near the University of Florida
proximate to Gainesville’s main retail node, Archer Boulevard, which includes a
strong roster of retailers catering to university students such as Walmart,
Lowe’s, Publix, Best Buy, Trader Joe’s, Regal Cinemas, Best Buy and Ross Dress
for Less.
The University of Florida,
a Tier One school, is one of the largest universities in the southeast boasting
an enrollment of more than 50,000 students for the past 10 years.
The HFF debt placement
team was led by managing director Elliott
Throne and associate director Brian
Gaswirth.
“Resource provided an
advantageous financing structure that will allow Park Partners to use their
expertise in the development and repositioning of student housing projects to,
once again, make these properties popular destinations for students attending
the surrounding Gainesville schools,” Throne said.
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 | www.hfflp.com
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