HFF secures $14 million financing for the DoubleTree Suites in Atlanta, GA

Cullen Aderhold

DALLAS, TX – HFF announced it has secured $14 million in financing for DoubleTree Suites by Hilton Hotel Atlanta - Galleria, a 154-key, all-suite hotel in Atlanta’s Cobb Galleria business district.

Working exclusively on behalf of the borrower, Encore Hospitality, LLC, a division of Encore Enterprises, Inc., HFF secured the loan through Latitude Management Real Estate Investors.  Proceeds from the financing will be used to acquire the property and implement the borrower’s plans for hotel upgrades.

                The full-service hotel is located at 2780 Windy Ridge Parkway, approximately eight miles from downtown Atlanta.  The property is the closest hotel to the future site of the Atlanta Braves’ new stadium and mixed-use complex. 

The DoubleTree Suites amenities include a sun-lit atrium lobby, the Edge Bar and Cliff Restaurant, fitness center, outdoor swimming pool, 5,000 square feet of meeting space and a business center.

                The HFF debt placement team representing the borrower was led by associate director Cullen Aderhold. 

Doubletree Suits by Hilton Hotel Atlanta - Galleria

HFF’s Hotel Group has been active in the sale and financing of similar hotels across the country.  In the first half of 2014, the firm financed or sold 44 hotels and resorts with total transaction volume totaling nearly $1.2 billion.

  

For more information about Encore Enterprises, Inc., visit www.encore.bz or follow Encore Enterprises on Twitter @EncEnterprises.

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes $60.5 million sale of newly constructed multi-housing community in Indianapolis, IN

Wick Kirby

CHICAGO, IL – HFF announced it has closed the sale of Solana Apartments at the Crossing, a 384-unit, Class A multi-housing community located to the north of downtown Indianapolis.

                HFF marketed the property on behalf of Milhaus.  Inland Real Estate Acquisitions, Inc. purchased the asset for a total of $60.5 million or $158,000 per unit.

Solana Apartments at the Crossing is located at 7745 Solana Drive just off North Keystone Avenue near The Fashion Mall at Keystone and Interstate 465.  The project was completed in April 2014 and is 95 percent leased. 

Community amenities include a resort-style swimming pool, private cabanas, clubhouse, state-of-the-art teaching kitchen, fitness center, yoga room, media lounge, business center, outdoor theater, fitness trails and a watercraft launch area.

The HFF investment sales team representing the seller was led by associate director Wick Kirby along with executive managing director Matthew Lawton and director Ken Martin.

Matthew Lawton

                “This residential community is ideally situated on 55 acres, approximately 10 miles north of downtown Indianapolis and two miles south of Carmel’s premier office corridor with close proximity to The Fashion Mall at Keystone and the Keystone entertainment area,” said Mark Cosenza, vice president of Inland Real Estate Acquisitions, Inc. 

  “The property also includes a 26-acre lake offering residents boat slips and direct access to the White River.”

“The Solana Apartments is a wonderful asset with unbeatable amenities.  Milhaus, known for providing best-in-class rental communities, delivered a great product and execution on this transaction,” said Lawton.

Milhaus is a team of inspired and industrious individuals, headquartered in Indianapolis, who are committed to the development of mixed-use and multifamily real estate.  

The company delivers solutions for its urban neighborhoods, cities and partners by providing expertise in real estate investment, development and management.  Milhaus is currently developing, constructing, and managing multifamily and mixed-use projects throughout the Midwest and Oklahoma.  www.milhaus.com.

               

Ken Martin

  Inland Real Estate Acquisitions, Inc. facilitates acquisitions for various entities that are a part of The Inland Real Estate Group of Companies, Inc. (“Inland”). 

  Headquartered in Oak Brook, Ill., Inland has been ranked one of the largest shopping center owners and managers in North America (Retail Traffic, May 2012) and the fastest-growing acquirer of retail property in the U.S. (Chain Store Age, May 2013).  

As of March 31, 2014, Inland-sponsored companies owned and managed in total more than 65.1 million square feet of diversified commercial real estate in 49 states, as well as managed assets in excess of $16.4 billion. 

  Inland is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by Inland Real Estate Investment Corporation or its subsidiaries.  For additional information, please refer to Inland’s website at www.inlandgroup.com.

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of and arranges financing for Avalon Chrystie Place in lower Manhattan

Jennifer L. Keller

NEW YORK, NY – HFF announced it has closed the  sale of and arranged financing for Avalon Chrystie Place, a 14-story, 361-unit luxury apartment community in lower Manhattan. 

HFF marketed the property on behalf of the seller.  Ashkenazy Acquisition Corporation purchased the asset, and HFF also worked on behalf of the buyer to place a senior acquisition loan with the Bank of China and secured preferred equity through a commingled fund managed by American Realty Advisors. 

Avalon Chrystie Place is located at 229 Chrystie Street at the intersection of SoHo, the East Village and the Lower East Side.  In addition to the residential component, the property also includes 72,329 square feet of 100-percent-leased ground floor retail that is anchored by Whole Foods.

 Completed in 2005 and partially renovated in 2012, the property features studio, one- and two-bedroom units averaging 739 square feet. 

Andrew Scandalios

Amenities include 24-hour concierge service, a state-of-the-art fitness center, rooftop sundeck, resident storage and access to multiple subway lines within a five-minute radius. 

The HFF investment sales team representing the seller was led by senior managing directors Andrew Scandalios and Jose Cruz and managing director Jeffrey Julien.

HFF’s debt and equity placement team was led by executive managing director John Pelusi, senior managing director Mike Tepedino and director Jennifer Keller.

                Headquartered in New York City, Ashkenazy Acquisition Corporation is a private real estate investment firm focusing on retail and office assets.

 Ashkenazy Acquisition has acquired more than 13 million square feet of retail, office and residential properties, located throughout the United States, Canada and England. 

Jose Cruz

  With a portfolio containing more than 100 buildings valued at approximately $7 billion, Ashkenazy Acquisition has a superior performance history in purchasing and managing premier assets.

                American Realty Advisors (“American”) is an investment manager to institutional investors and, with more than $6.2 billion in assets under management, has provided real estate investment management services for more than 26 years utilizing core and value-added commingled funds and separate accounts.  

American acquires assets directly or provides equity, preferred equity, mezzanine debt, debt and hybrid debt to primary investors and developers operating throughout the United States for office, industrial, multifamily and retail properties.

  More information regarding American can be found at www.americanreal.com.

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of 166-unit Lofton Meadows in Bradenton, FL

Matt Mitchell

TAMPA, FL – HFF announced that it has closed the sale of Lofton Meadows, a 166-unit multi-housing community in Bradenton, Florida.

                HFF marketed the property on behalf of the seller, Landmark Apartment Trust.  JB Howell & Company purchased the asset and assumed the existing agency financing. 

Lofton Meadows was constructed in 1986 and is situated on approximately 11.3 acres at 6050 34th Street West proximate to IMG Sports Academy, State College of Florida and Sarasota Bay. 

The well-maintained property was 98 percent leased and features one- and two-bedroom units averaging 779 square feet each.  Community amenities include a resort-style swimming pool with poolside cabana, fitness center, car care center and coffee café.

Zach Nolan

The HFF investment sales team representing the seller was led by director Matt Mitchell and real estate analyst Zach Nolan.

“The sale of Lofton Meadows reflects a trend in the market of investors seeking out well-located assets that offer the possibility for upside though capital improvements,” Mitchell said.

 “Such opportunities are particularly popular among investors along the west coast of Florida where demand for apartments is outpacing supply and the improving economy in the Bradenton / Sarasota market means renters are able to pay higher rents for updated apartments.”

In Tampa, HFF was recently ranked as the top commercial real estate brokerage firm by The Tampa Bay Business Journal and has handled many of the market’s largest transactions during the past year such as the Element, West Park Village and Varela.

  

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes two Publix-anchored retail centers in Naples, FL

Danny Finkle

MIAMI, FL – HFF announced it has closed the sale of Crossroads Market and Neapolitan Way, two Publix-anchored shopping centers in Naples, Florida.

                HFF marketed the properties on behalf of the seller, Madison Marquette Retail Services.  A private real estate fund advised by Crow Holdings Capital – Real Estate purchased the assets.         

Crossroads Market is located at 6029 Pine Ridge Road near Interstate 75 and at the entrance of The Vineyards golf course residential community.  The property is 98.4 percent leased to tenants including Publix, Walgreens, Crunch, Physicians Regional Health Care and Chase Bank. 

                Neapolitan Way is situated on 14.5-acres at 4601 Tamiami Trail with direct frontage on US Route 41.  The 92.9-percent-leased center features tenants including Publix, Walgreens and Bill Smith Appliances. 

Luis Castillo

                The HFF investment sales team representing the seller was led by senior managing director Danny Finkle, managing director Luis Castillo and analyst director Kimberly Flores.

                “Crossroads Market and Neapolitan Way are two of Naples’ most productive and successful retail centers,” Finkle says.  “The infill locations and exceptional tenancy have been key ingredients to each property’s past performance and future success.”

HFF’s investment sales team secured more than $1.68 billion in sales of retail assets nationally through the end of the second quarter of 2014.  In Florida, HFF closed more than $530 million in retail transactions across all capital markets platforms during the same period.

Madison Marquette Retail Services (MMRS) is a premier real estate property management, leasing, marketing and development firm specializing in mixed-use, urban street and infill, community and specialty/entertainment retail properties in top tier markets across the United States.

Kimberly Flores

Since 1998, Crow Holdings Capital – Real Estate (CHC-RE) and Crow Holdings-affiliated entities have managed six private equity real estate funds that are designed to generate current income and benefit from the capital appreciation of portfolio investments.  Equity capital from these funds totals approximately $4.1 billion, of which approximately $675 million has been committed by Crow Family Holdings.  Over the past 15 years, the six funds have actively acquired existing properties and development parcels of all types, both independently and with operating partners.  

As of June 30, 2014, these real estate funds have acquired or developed more than $12.6 billion in assets comprised of more than 43 million square feet of industrial, more than 12 million square feet of retail, more than eight million square feet of office, approximately 54,000 multifamily units, 387 convenience & gas stores, more than 8,100 hotel rooms and almost 6,000 acres of lot development.  

For more information on Crow Holdings Capital- Real Estate, visit CrowHoldingsCapital.com/real-estate/about-us.

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes $62 million sale of western Chicago Class A office building

Jaime Fink

CHICAGO, IL – HFF announced it has closed the $62 million sale of Highland Landmark II, a 284,278-square-foot Class A office building in Downers Grove, Illinois.

                HFF marketed the property on behalf of the seller, GLL Real Estate Partners.  The asset was purchased by James Campbell Company LLC, which was advised by Colony Realty Partners, for $62 million free and clear of existing debt.

Highland Landmark II is located in the western Chicago suburb of Downers Grove at 3025 Highland Parkway.  The eight-story building is situated on 11.03 acres at the northeast end of Highland approximately 21 miles west of downtown Chicago. 

The Energy Star-labeled property features an atrium, conference facility, cafe, surface and covered parking and fitness center.  Highland Landmark II is 94 percent leased to 14 tenants, including NSA Media, Microsoft Corporation, Principal Life Insurance Company, Ford Motor Company, Yang Ming, Property & Liability Research Bureau and Management Association of Illinois.

Jeff Bramson

The HFF investment sales team representing the seller was led by senior managing directors Jaime Fink and Jeff Bramson and managing director Mark Katz.  

“Highland Landmark II offers the opportunity for James Campbell Company, which is advised by Colony Realty Partners, to purchase one of the top office buildings in all of suburban Chicago,” Katz said.  “Highland Landmark II has consistently outperformed the overall suburban office market.  This is truly a best-in-class office asset, which is consistent with the purchaser’s long term ownership strategy.”

GLL Real Estate Partners GmbH (GLL) is a Munich-based real estate fund management group with $7 billion under management.  

Formed in 2000 as a joint venture between Lend Lease Corporation and Italian insurance giant Assicurazioni Generali, GLL is now majority owned by its management team.  

GLL currently manages 15 funds employing varying property strategies and investing throughout Western Europe, central Eastern Europe, South America and the United States.  From offices in Munich, Luxembourg, Budapest, Santiago de Chile, Mexico City, New York, Orlando and San Francisco, GLL serves an investor group that includes pension funds, insurance companies and sovereign entities.

Mark Katz

The James Campbell Company LLC is a private, Hawaii-based and nationally diversified real estate company with properties in Washington, D.C. and 16 states across the U.S. 

  In 2007, the James Campbell Company succeeded the Estate of James Campbell, a 107-year-old private trust that was the legacy of one of Hawaii's foremost business pioneers.  For more information, visit jamescampbell.com.

Colony Realty Partners (CRP) is a privately held real estate investment company that acquires and manages commercial real estate properties on behalf of many of the world's leading institutional investors, including pension funds, public corporations, endowments, sovereign wealth funds and family trusts.

For a complete copy of the company’s news release, please contact:                            

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

CBRE Arranges $17.9 Million Sale of 304-Unit Apartment Community in Daytona Beach, FL

Shelton Granada

Orlando, FL – September X, 2014 – CBRE arranged the sale of Indigo Plantation, located in world famous Daytona Beach at 100 Powell Boulevard, for $17.9 million. The 304-unit community was completed in 1989 and has a current occupancy of 97%.

CBRE exclusively represented the seller in the transaction.

“The Daytona and Volusia County rental markets are showing great promise as their local economy continues to expand,” said Shelton Granade, CBRE Executive Vice President.

 “Indigo Plantation is ideally located within minutes of $1.2 billion in new investment underway, including NASCAR’s Daytona Rising project and the One Daytona entertainment, dining and

retail complex.

“The buyers on this deal have a great opportunity to add value through modest upgrades at the property during this time of economic growth.”

Luke Wickham

Indigo Plantation is just minutes from the Daytona International Speedway, Florida Hospital Memorial Medical Center and the new Trader Joe’s distribution center, offering great exposure to the growth expected in those areas. 

Amenities at the property include a resort-style swimming pool, fitness center, dog park, tennis courts and BBQ areas over a beautiful well-landscaped site.

Shelton Granade, Luke Wickham, and Justin Basquill led the sales effort for CBRE. Their team has closed more than $1 billion worth of apartment sales locally over the last 20 months.

For a complete copy of the company’s news release, please contact:                             

Shelton D. Granade, Jr., Executive Vice President

CBRE | Investment Properties - Multifamily

200 S. Orange Avenue, Suite 2100 | Orlando, FL 32801
T 407 839 3103 F 407 404 5001

Shelton.Granade@cbre.com| www.cbre.com | www.cbre.com/shelton.granade

$3.3 Million IHOP Sale in Miami Beach, FL Arranged by Marcus & Millichap

Brian L. Rosen

MIAMI BEACH, FL – Marcus & Millichap NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of IHOP, a 2,470 square-foot net-leased restaurant located in Miami Beach, Fla, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $3,300,000 equating to $1,336 per square foot.

Brian L. Rosen, a senior associate in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor from Miami, Fla. 

The buyer, a private investor from Woodmere, NY, was secured and represented by Richard Nardi, an associate in Marcus & Millichap’s Manhattan office. 

“IHOP has been at this location since 1965. In 2008 the tenant renovated the restaurant and executed a 15-year absolute triple-net lease, demonstrating its commitment to the site,” says Rosen.

Richard Nardi

“The buyer was attracted to the property’s historic record of high sales and its location in a dense, maturing market of Miami Beach. This IHOP is also managed and guaranteed by one of the largest IHOP franchisees, which operates and licenses over 150 IHOP restaurants in Florida and Georgia,” adds Nardi.

Located at 6928 Collins Avenue in Miami Beach, Fla, IHOP spans Harding and Collins Avenues.  Surrounding retailers include: Publix, Chase Bank and Canyon Ranch Hotel & Spa.

For a complete copy of the company’s news release, please contact:    

                 
   

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

Marcus & Millichap Arranges Sale of Sunbelt Rentals in Coral Springs, FL for $2.35 Million

Douglas K. Mandel

 CORAL SPRINGS, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of Sunbelt Rentals of Coral Springs, a 26,405 square-foot net-leased property located in Coral Springs, Fla. The asset sold for $2,346,000.

Douglas K. Mandel, a first vice president investments, in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller. 

The buyer, a limited liability company from Plymouth, MI, was secured and represented by Scott A. Ryan, a senior associate, and David Houston and Patrick Doherty, associate vice president investments, in Marcus & Millichap’s Austin office. 

 “This transaction attests to Marcus & Millichap’s ability to reach an expanded buyer pool from across the country. The Austin-based team, led by Scott Ryan had been working with the Michigan-based buyer to identify specific net-leased assets.  The Sunbelt Rentals was a perfect fit for the buyers acquisition criteria”, says Mandel. 

Scott A. Ryan

The 26,405 square-foot industrial property is located within the Commerce Center of Coral Springs. The property is 100 percent occupied by Sunbelt Rentals, one of the largest equipment rental companies in the U.S, with just under four years remaining on the lease term. Sunbelt Rentals is located at 3701 Northwest 120th Avenue in Coral Springs, FL.

For a complete copy of the company’s news release, please contact:                            

Ryan Nee

Regional Manager

Fort Lauderdale, FL

(954) 245-3400

HFF arranges financing for two multi-housing communities in Arizona and Texas

John Brownlee

DALLAS, TX – HFF announced it has arranged financing for two garden-style multi-housing communities – San Brisas in Chandler, Arizona and The Preserve at Arbor Hills in Plano, Texas.

                HFF worked on behalf of Pure Multi-Family REIT LP, to secure the seven-year loan through Northwestern Mutual.  Loan proceeds were used to acquire the properties. 

                San Brisas is located at 900 North Road, less than three miles from Interstate 10 and approximately 19 miles southeast of downtown Phoenix.  

Completed in 1996, the property is 96 percent leased and includes 208 one-, two and three-bedroom units averaging 1,006 square feet each.  Community amenities include a heated outdoor swimming pool, hot tub, fitness center, barbecue grills and sand volleyball court.

                The Preserve at Arbor Hills is located at 7001 West Parker Road adjacent to the Arbor Hills Nature Preserve and approximately 21 miles north of downtown Dallas.  Completed in 1998, the property is 97 percent leased and includes 330 one-, two- and three-bedroom units averaging 940 square feet each.  Community amenities include a resort-style tropical pool with waterfall, heated spa, 24-hour fitness center, picnic areas with barbecue grills, business center and coffee bar.

The Presere at Arbor Hills Apartments, Plano, TX

                The HFF team representing the borrower was led by senior managing director John Brownlee.

                Pure Multi-Family REIT LP is a Canadian-based, publicly-traded vehicle which offers investors exclusive exposure to attractive, institutional quality U.S. multi-family real estate assets. 

  Additional information about Pure Multi is available at www.puremultifamily.com or www.sedar.com.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

HFF closes sale of 432-unit multi-housing community in The Woodlands, TX

Todd Stewart

HOUSTON, TX – HFF announced it has closed the sale of The Plantation at The Woodlands, a 432-unit multi-housing community in The Woodlands, Texas.

                HFF marketed the property on behalf of the seller. CBRE Global Investors purchased the asset for an undisclosed amount. 

                The Plantation at The Woodlands is located on a 20-acre site at 3270 College Park Drive, approximately 8.5 miles north of ExxonMobil’s new campus. 

Completed in two phases between 2008 and 2009, the asset includes one-, two- and three-bedroom units averaging 839 square feet. 

Community amenities include two resort-style swimming pools, poolside cabanas and sun decks, fitness center, indoor basketball court, clubhouse, theatre room, game room with billiards, playground, dog park, car care station and carports/detached garages.

Todd Marix

                The HFF investment sales team representing the seller was led by senior managing directors Todd Stewart and Todd Marix and director Chris Curry.

CBRE Global Investors is a global real estate investment management firm with $92.8 billion in assets under management* as of June 30, 2014.

 The firm sponsors investment programs across the risk/return spectrum for investors worldwide.  CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc. (NYSE:CBG).

 It harnesses the research, investment sourcing and other resources of the world’s premier, full-service commercial real estate services and investment company for the benefit of its investors.  CBRE Group, Inc. has approximately 44,000 employees in approximately 350 offices (excluding affiliates) worldwide.  For more information about CBRE Global Investors, please visit

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

www.cbreglobalinvestors.com.

HFF arranges permanent financing for The Boulevard at Oakley Station in Cincinnati, OH

Dave Keller

INDIANAPOLIS, IN – HFF announced it has arranged permanent financing for The Boulevard at Oakley Station, a 302-unit, Class A multi-housing community in Cincinnati, Ohio.

                HFF worked on behalf of the borrower, an affiliate of Flaherty & Collins Properties, to secure the 10-year, 4.14 percent fixed-rate loan through Allianz Real Estate of America, Inc.  Loan proceeds will retire an existing construction loan.

                The Boulevard at Oakley Station is located at 3225 Oakley Station Boulevard within Oakley Station, a 74-acre mixed-use development that encompasses a planned 225,000 square feet of retail including the nation’s largest Kroger grocery store, 350,000 square feet of office space and a 14-screen Cinemark movie theater. 

Completed in 2013, the property has enjoyed a brisk lease-up and includes studio, one- and two-bedroom units ranging from 682 to 1,703 square feet. 

The Boulevard at Oakley Station Apartments
Cincinnati, OH

Community amenities include a heated saltwater pool, billiards room, grilling area, fire pit, bocce ball court, clubhouse, gaming lounge, tanning bed, fitness center with yoga studio, and screening lounge. 

The HFF debt placement team representing the borrower was led by senior managing director Dave Keller.

”Early this year, while Boulevard at Oakley was just beginning its lease-up, Flaherty & Collins decided that they would like to hedge their interest rate risk.  Allianz recognized the quality of the asset and location, and offered a competitive and compelling forward-rate lock loan structure.  Flaherty & Collins did the rest by conducting a very successful lease-up campaign,” said Keller.

For a complete copy of the company’s news release, please contact:

Olivia Hennessey

Public Relations Coordinator

HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046

tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com

ohennessey@hfflp.com

MHA Brokers $22.75 Million Sale of Creekstone Apartments in Nashville, TN

Brett Kingman

NASHVILLE, TN — Multi Housing Advisors (MHA) has brokered the $22.75 million sale of Creekstone Apartments, a 316-unit community located at 266 Stewarts Ferry Pike in Nashville.

 Brett Kingman of MHA’s Atlanta office represented the seller, Creekstone TN LLC, in the transaction. Monsey, New York-based White Eagle Property Group LLC acquired the property.

 “As Nashville continues to experience significant economic and overall population growth, investor demand has increased for value-add product located within close proximity to downtown and major employment centers,” Kingman said.

 Creekstone Apartments, built in 1987, includes a pool, volleyball courts, tennis courts, and fitness and business centers.

For a complete copy of the company’s news release, please contact:

Stephen Ursery

The Wilbert Group

404-549-7150 (O) 404-405-2354 (C)

sursery@thewilbertgroup.com

FrontDoor Communities Opens Sales at Freeman’s Point

  

Terry Russell

ATLANTA, GA – FrontDoor Communities today opens sales to the public at Freeman’s Point, the 130 home community located just south of historic downtown Charleston on James Island. The announcement comes on the heels of a successful VIP grand opening held last week.

The event garnered a great deal of attention with more than 150 people in attendance, resulting in nearly 10 presales before sales officially opened.

“We’re thrilled with the response from visitors who attended our VIP grand opening event and the traction we’ve seen even before opening sales to the public,” said Terry Russell, CEO of FrontDoor Communities. “The demand for high-quality homes that foster an active lifestyle in the Charleston market is apparent.”

For more information on Freeman’s Point, visit www.freemanspoint.com.

For a complete copy of the company’s news release, please contact:

M.C. Rhodes •The Wilbert Group

1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309

O: 404-343-0274  • M: 678-983-5867

www.thewilbertgroup.com

MBA Opens Doors Concludes Hugely Successful Summer Campaign

Debra Still

WASHINGTON, DC (Sept. 25, 2014) – Today, the MBA Opens Doors Foundation announced it had raised more than $31,000 during its three-month “92 Days of Summer” fundraising campaign. 

The Foundation is the Association's philanthropic entity dedicated to providing financial assistance to families with a critically ill or injured child by awarding grants toward a mortgage or rental payment.

“Our ’92 Days of Summer’ fundraising event provided members of the real estate finance industry with a great philanthropic opportunity, and they responded in a big way,” said Debra Still, Chairman of the MBA Opens Doors Foundation. 

“With more than $31,000 donated in only three months, the men and women who work every day to put Americans in the home of their dreams also showed they are up to the challenge of helping families with critically ill children stay in theirs.  Their generosity provides families critical financial support during a tremendously stressful and emotional period in their lives.”

With MBA’s in-kind donations for all of the Foundation’s operating costs, Opens Doors is able to pass 100 percent of the donations it receives to the families it supports. 

  The Foundation’s ongoing relationship with Washington, D.C.’s Children’s National Health System provides a partner health care organization to help identify potential grant recipients.

The MBA Opens Doors Foundation is a 501(c)(3) organization and all contributions are tax deductable.  For more information about the Foundation or to make a donation, please go to www.mbaopensdoors.org.

For a complete copy of the company’s news release, please contact:

Shawn Ryan

sryan@mba.org

(202) 557-2727