Private Communities Registry Notes Active Lifestyles Tops Reasons in Buying Retirement Homes

Marie Roberts

Vero Beach, FL – What do potential homebuyers want most in a retirement community? A variety of experiences catering to their wide range of interests.

In its recently released “2018 Survey of Homebuyers Researching Lifestyle Communities,” Private Communities Registry (PCR) says that the majority of 55+ year old homebuyers are seeking “healthy, active lifestyle” as the greatest attraction in the marketplace.

More than 3,200 respondents provided new data concerning the lifestyle and financial aspects they consider when purchasing a retirement or second home.

The top three most sought-after amenities are swimming pools (77%), fitness centers (76%), and walking/biking trails (71%).

“Buyers are looking for experiences that contribute to the richness of their lives and to their continued wellness,” said Marie Roberts, President of Private Communities Registry (PCR).

“Leisure and recreation are important. However, the stereotypical retirement amenities of bridge, shuffleboard, and lawn bowling have largely been replaced with more active pursuits such as pickleball, yoga, walking, and biking trails.”

. Roberts said. “Proximity to healthcare, shopping, dining, and recreation also are important.”

For additional information about PCR, access the web site at www.privatecommunities.com.

Founded in 1996, Private Communities Registry, Inc. (PCR) is the trusted online resource for real estate shoppers interested in amenity-rich, master-planned lifestyle communities.

 Located in Vero Beach, Florida, representatives may be reached at (772) 234-0434, toll free at (800) 875-3072, or at info@privatecommunities.com.

For access to complete survey and results, please contact Karen Moraghan, Hunter Public Relations at 908/963-6013 or kmoraghan@hunter-pr.com.

 For more information, please contact:

Karen Moraghan

Hunter Public Relations

908/963-6013

kmoraghan@hunter-pr.com

HFF announces financing for off-campus student housing community in Eugene, OR

Arena District Student Housing Community, University of Oregon,
Eugene, OR

SAN DIEGO, CA, July 10, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for Arena District, a 65-unit/244-bed, off-campus student housing community serving the University of Oregon in Eugene, Oregon.

The HFF team worked on behalf of Cardinal Group to secure the floating-rate loan through Freddie Mac’s CME Program.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.  Loan proceeds were used to acquire the property.

Arena District is located at 2050 E. 15^th Avenue less than a quarter mile east of the University of Oregon campus, which serves approximately 23,600 students. 

Pat Burger

Completed in 2014, the property is a five-minute walk from both the Matthew Knight Arena and historic Hayward Field and is approximately 1.5 miles east of downtown Eugene. 

 Arena District comprises mostly four-bedroom units featuring modern finishes and green design components and community amenities, including a fitness center, hot tub, private study room, 24-hour study area and internet café, 24-hour multimedia lounge, clubroom with gaming and pool table and outdoor courtyard with grilling station. 

The LEED-certified property was 97 percent leased for the 2017-2018 school year.

The HFF debt placement team representing the borrower included senior director Pat Burger.

“HFF is pleased to have assisted Cardinal Group with its latest acquisition as they continue to grow their national portfolio,” Burger said.  “They are a best-in-class operator with three properties already under management in the market. With this acquisition, they now also own a best-in-class asset serving UO.”

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

http://www.cardinalgroup.com

HFF announces $87.75 million sale of Maryland apartment community

Rolling Hills Apartments, 19228 Circle Gate Drive,
 Germantown, MD (photo by Nick Waring)
,

Walter Coker

 WASHINGTON, D.C. –– Holliday Fenoglio Fowler, L.P. (HFF) announces the $87.75 million sale of Rolling Hills, a 468-unit apartment community in Germantown, Maryland.

The HFF team marketed the property exclusively on behalf of the seller, Clark Enterprises, Inc., and procured the buyer, Pantzer Properties, Inc. 

In addition, the HFF team acted as agent for Pantzer by securing debt financing through Freddie Mac.  The securitized loan will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional Loans.

Rolling Hills is located at 19228 Circle Gate Drive approximately one mile from Interstate 270 and adjacent to Great Seneca Highway, which offers connectivity to Rockville, Bethesda and Washington, D.C. to the south and Urbana and Frederick to the north. 

Brian Crivella

The commuter-friendly property is also adjacent to a MARC train station (Brunswick Line) and just north of the Shady Grove Metro Station, which together offer access to the broader Washington, D.C. metropolitan area. 

 Rolling Hills consists of 39 three-story buildings comprising a mix of two- and three-bedroom units averaging 1,205 square feet.  

The 40-acre, park-like community features a resort-style pool, fitness center and renovated club room as well as numerous tot lots, dog parks, soccer fields and picnic/grilling areas.

The HFF investment advisory team representing the seller included Walter Coker, Brian Crivella and Stephen Conley, a Maryland licensed real estate broker.

Nicole Brickhouse

HFF’s debt placement team representing the new owner consisted of Jamie Leachman and Nicole Brickhouse.

.Clark Enterprises, Inc. (CEI) is a diversified investment company based in Bethesda, Maryland.  CEI has been an active real estate investor since its inception in 1972, growing its real estate portfolio to approximately $1 billion of CEI equity value.  

Jamie Leachman

The CEI portfolio is primarily located in the Washington, D.C. area and includes stabilized assets and development projects across multiple product types, including office, residential and hotel.  For further information, please visit http://www.clarkenterprises.com/.

Pantzer Properties, Inc. is a vertically integrated owner/operator of multifamily assets on the east coast of the United States.  

Pantzer’s approximately 12,900-unit portfolio of 40 properties extends from the greater Boston to Washington, D.C. metro area.  

The firm was founded in 1971 and is headquartered in New York City with offices in New Jersey, Philadelphia and Northern Virginia.  Further information is available athttp://www.pantzerproperties.com/.

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500

HFF announces $19 million financing for student housing portfolio in Bethlehem, PA

71-Building Student Housing Portfolio, Lehigh University, Bethlehem, PA  

PHILADELPHIA, PA –– Holliday Fenoglio Fowler, L.P. (HFF) announces $19.454 million in acquisition financing for a 71-building/383-bed, scattered-site student housing portfolio at Lehigh University in Bethlehem, Pennsylvania.

The HFF team worked exclusively on behalf of the borrower, a private investment vehicle managed by Hong Kong-based Beacon Assets, to arrange the five-year, fixed-rate acquisition loan through Natixis. 

 HFF’s investment advisory team arranged the sale of the portfolio to the borrower, details of which were recently released in a separate announcement.

James Conley

The 71 properties within the portfolio have prime ‘walk to campus’ locations and convenient access to nightlife and retail.  The portfolio achieved close to 99 percent occupancy during the last two academic years amidst strong year-over-year rent growth. 

 Lehigh University has an enrollment of more than 7,000 with growth of 25 percent expected during the next seven years.

The HFF debt placement team representing the borrower included managing director James Conley.

 For more information, please contact:

OLIVIA HENNESSEY

HFF Public Relations Specialist

(713) 852-3500