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| Cortney Cole |
HOUSTON, TX, May 28, 2019 – Holliday Fenoglio Fowler, L.P. (HFF) announces it has secured financing
for Shadowbrooke and Silverbrooke, two multi-housing communities
totaling 552 units in the southwest Houston suburb of Stafford, Texas.
HFF worked exclusively on behalf of the borrower, Venterra Realty, to
arrange two 10-year, fixed-rate loans with interest-only payments throughout
the term. Loan proceeds were used to refinance existing financing that
HFF arranged in 2014.
Shadowbrooke and Silverbrooke are located at 1025 Dulles Avenue and
1020 Brand Lane approximately 18 miles southwest of downtown Houston.
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| Shadowbrooke Apartments, 1025 Dulles Avenue, Stafford, TX |
Shadowbrooke was
completed in 2003 and features 240 units that are 92 percent leased.
Completed in 2007, Silverbrooke has 312 units and is 93 percent occupied.
The properties are
adjoined by a private park, including shared amenities such as a jogging trail,
sand volleyball court, playground and putting green. Each community
houses its own resort-style swimming pool, hot tubs, clubhouses and fitness
centers.
The HFF debt placement team representing Venterra was led by managing
director Cortney Cole and analyst John Williamson.
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| Silverbrooke Apartments, 1020 Brand Lane, Stafford, TX |
CONTACTS:
CORTNEY COLE
HFF Managing Director
(713) 852-3500
OLIVIA HENNESSEY
HFF Public Relations Specialist
(713) 852-3403
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