HFF secures acquisition financing for Class A multi-housing community near Fort Worth, TX

Cortney Cole

 

HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has secured acquisition financing for Venue at Hometown, a 209-unit, Class A multi-housing community in the Fort Worth, Texas, suburb of North Richland Hills.

Steve Heldenfels

HFF worked exclusively on behalf of the borrower, Venterra Realty (Venterra) to place the seven-year, 4.06-percent fixed-rate loan with a life insurance company.

Venue at Hometown is located at 9012 Courtenay Street less than three miles northeast of Loop 820 and North East Mall in Richland Hills.  

The property offers a mix of one-, two- and three-bedroom residential units situated around a landscaped center courtyard along with approximately 20,000 square feet of ground-floor retail. 

Community amenities include a swimming pool with sundeck, fitness center with flat-screen televisions, clubhouse and business center.  The property is 94 percent leased.

The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels

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

ohennessey@hfflp.com