Marcus & Millichap Capital Corp. Arranges 48.4 Million Refinance for 120 Philadelhia Apartment Units

   

Kristopher Wood

 PHILADELPHIA, PA,  Feb. 13, 2013 – Marcus & Millichap Capital Corporation (MMCC) has arranged an $8.4 million permanent loan to refinance a portfolio of two Philadelphia apartment properties comprising four buildings and totaling 120 units.

            Kristopher Wood and John Banas, directors in the firm’s Philadelphia office, arranged the financing.

            “Agency lenders did not represent the best option, since the properties were situated in emerging neighborhoods,” says Wood. “But the investor had noted the current low interest rates and made the decision to grow this previously family-owned portfolio with a cash-out, so MMCC needed to find a lender who appreciated the locations’ value-add opportunities.”

John Banas

            “Educating potential lenders was part of the process,” Banas adds, “as not all were familiar with Philadelphia’s current multifamily growth patterns. But eventually we found one who understood the neighborhoods’ potential, a view we supported through our broker network’s expertise and careful research,” concludes Banas.

            The seven-year loan amortizes over 30 years at 3.2 percent. The LTV is 65 percent.

  

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

Press Contact:

Marcus & Millichap Capital Corporation

(925) 953-1716

Boardwalk REIT Announces Solid Fourth Quarter and Full Year 2012 Financial Results

Sam Kolias, chairman and CEO
Boardwalk Real Estate Investment Trust

CALGARY, ALBERTA, CANADA, Feb. 13, 2013 /PRNewswire/ - Boardwalk Real Estate Investment Trust ("Boardwalk", "Boardwalk REIT" or the "Trust") today announced positive financial results for the fourth quarter and fiscal year of 2012.

Funds From Operations ("FFO") for the fourth quarter totalled $38.4 million, or $0.73 per unit on a diluted basis, compared to FFO of $34.2 million or $0.65 per unit for the same period last year, an increase of

12.4% and 12.3%, respectively.

FFO for the twelve-month period ended December 31, 2012 totalled $150.3 million or $2.87 per unit on a diluted basis, compared to FFO of $131.8 million or $2.52 per unit for the same period last year, an increase of 14.1% and 13.9%, respectively.

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

 Investor Relations

(403)531-9255

Investor@bwalk.com

Annaly Capital Management, Inc. Announces Preferred Dividends

NEW YORK, NY--(BUSINESS WIRE)-- In accordance with the terms of the 7.875% Series A Cumulative Redeemable Preferred Stock (“Series A Preferred Stock”) of Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”), the Board of Directors of Annaly has declared a Series A Preferred Stock cash dividend for the first quarter of $0.492188 per share of Series A Preferred Stock.

This dividend is payable on April 1, 2013, to Series A Preferred Stock shareholders of record as of March 1, 2013.

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

Annaly Capital Management, Inc.

Investor Relations

1-888-8Annaly

www.annaly.com

Cousins’ Gellerstedt Says Company Had ‘Exceptional Quarter and Year’ in 2012

Larry Gellerstedt

ATLANTA--Cousins Properties Incorporated (NYSE:CUZ) reports results for quarter and year ended Dec. 31, 2012.

“Cousins had an exceptional quarter and year, with solid operating performance and significant progress toward our strategic objectives,” said Larry Gellerstedt, CEO of Cousins.

 “We are thrilled to kick-off 2013 with the off-market acquisition of Post Oak Central in Houston, a 1.3 million-square-foot, Class-A office asset in the heart of the Galleria submarket.

“This investment not only serves as an attractive entry into a target market, it provides a rare combination of substantial in-place yield and significant future development opportunity.”  

Post Oak Central, Houston, TX

Highlights:

  

• Funds From Operations for the fourth quarter was $0.14 per share. Before special items, FFO for the quarter was $0.15 per share.
• Sold $250.8 million in operating assets during the fourth quarter.
• Sold $26.5 million in land during the fourth quarter.

• Subsequent to quarter end, purchased Post Oak Central in Houston for $232.6 million and completed transactions at Terminus 100 and 200 in Atlanta that resulted in a 50% ownership interest in both buildings.

Terminus 100

• Cousins Properties Incorporated (NYSE:CUZ) today reported its results of operations for the quarter and year ended December 31, 2012.

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

Cousins Properties Incorporated

Gregg D. Adzema, 404-407-1116

Executive Vice President and

Chief Financial Officer

greggadzema@cousinsproperties.com

or

Cameron Golden, 404-407-1984

Vice President, Investor Relations and

Corporate Communications

camerongolden@cousinsproperties.com

Still Going Strong: Multifamily Sector Continued to Excel in 2012

  

Michael Bull

 ATLANTA, GA (Feb. 13, 2013) – The U.S. apartment segment turned in another strong performance in 2012, and even though overbuilding could become a problem in certain areas, the sector appears set for at least several more years of almost optimal health.

 That was the consensus of a panel of multifamily experts on the most recent episode of the “Commercial Real Estate Show” radio program, hosted by Michael Bull of Bull Realty. Bull and his guests provided an enlightening look at the sector, discussing occupancy rates, rent growth, new construction levels and the effects of low interest rates on investment-sales activity.

Ronald Johnsey

The national apartment occupancy rate improved 60 basis points in 2012 to end the year at 94.3 percent and should finish 2013 just shy of 95 percent, said Ronald Johnsey, president of AxioMetrics, an apartment-research firm. Nationally, effective rents increased by an average of 3.6 percent last year, a slight drop from the 4.2 percent growth of 2011, but still an impressive figure, he added.

 “If you get anything over 3 percent, you’re doing really well,” Johnsey said. The national effective-rent rate should grow by another 3.6 percent in 2013, he predicted.

Norman Radow

2012 also was marked by increasing renter demand for Class-B and class-C apartments as tenants looking to reduce their living expenses began moving out of more upscale properties where rents have skyrocketed in recent years, according to Johnsey.

 As a result of the sector’s recent success, construction of new apartments is beginning to pick up, guests noted. Approximately 85,000 units were delivered in the United States in 2012, a figure that is expected to nearly double to 168,000 units this year, Johnsey said.

 According to Johnsey, almost a third of this year’s new units will be concentrated in six markets: Austin, Texas; Dallas; Houston; New York; Seattle; and Washington D.C. “Those are the markets we really need to look at and worry about oversupply having a big impact on their performance,” he said.

Jerry Wilkinson

Climbing rents and historically cheap financing make this a great time for investors to purchase apartment properties, said Norman Radow, CEO of The RADCO Cos. Locking in a long-term, assumable loan at a low rate also will ensure there is demand for your property down the road when interest rates have increased, he added.

 “You’re almost selling the loan as much as the real estate,” Radow said.

 The single-family housing market has begun to recover, and that will actually benefit the multifamily sector by creating a variety of jobs and thus creating more renters, said Jerry Wikinson, chairman of The Wikinson Cos. and immediate past president of the National Apartment Association. “We view the recovery in housing overall as a good thing,” he said, although he also predicted the recovery to proceed slowly.

Andy Lundsberg

Andy Lundsberg, vice president of Bull Realty’s Apartment Group, said the apartment investment-sales market should remain healthy for a while. “There’s strong demand and a lot of competition [among buyers], which is driving supply [of for-sale properties] down,” he said. “It’s very competitive.”

“If you’re an owner, it’s a great time to sell,” Lundsberg added. “If you’re a buyer, take advantage of those low interest rates and buy now.”

The entire episode on the U.S. multifamily market is available for download at www.CREshow.com.

 The next “Commercial Real Estate Show” will be available Feb. 14 and will examine tax strategies for commercial real estate investors.

Contact:

Stephen Ursery

The Wilbert Group

E-mail: sursery@thewilbertgroup.com

Office: (404) 965-5026

Cell: (404) 405-2354

www.wnspr.com

NAI Realvest Negotiates New Industrial Leases totaling over 13,000 square feet in Sanford, FL and Longwood, FL

Michael Heidrich Jr.

MAITLAND, FL. – NAI Realvest recently negotiated two new lease agreements totaling 13,150 square feet of industrial space in Sanford and Longwood.

 NAI Realvest associate Michael Heidrich, Jr., was the lead broker in the lease of 9,300 square feet at 390 Hickman Drive in Sanford along with Michael Heidrich Sr., principal at NAI Realvest.    Heidrich Jr. and Sr. negotiated the transaction on behalf of the local tenant, Powerplay Motor Sports, LLC and the landlords,

Michael Heidrich Sr. 

Charles and Christel Stephens of Deltona were represented by David Hammett of CRE Advisors LLC.

 In Longwood, Heidrich Jr. represented tenant Flawless Physiques, Inc., d/b/a CrossFit RSX in the lease of 3,850 square feet at 600 Bennett Drive.   The landlord, Poyner Warehouse LLC of Altamonte Springs, was represented in the transaction by Bill Bywater of Bywater Company.

For more information, contact:

Michael Heidrich, Jr. Associate, NAI Realvest 407-875-9989 mheidrichjr@realvest.com

 Michael Heidrich, Principal NAI Realvest, 407-875-9989 mheidrich@realvest.com;

 Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com  

 Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com   

Nightingale Properties Acquires One Hartsfield Centre in Atlanta, GA

  

One Hartsfield Centre
Atlanta, GA

 ATLANTA, GA [Feb. 13, 2013] -- Cassidy Turley, a leading commercial real estate services provider in the U.S., today announced it has brokered the sale of One Hartsfield Centre, a Class-A office building overlooking the north end of Hartsfield-Jackson Atlanta International Airport.

 Nightingale Properties acquired the eight-story, 147,731-square-foot building from a large European pension fund, which was represented in the sale by Cassidy Turley Senior Managing Director Mike Shelly and Associate Vice President Sonia Winfield. 

New York-based Nightingale paid $10 million, or approximately $68 per square foot, for the building.

Sonia Winfield

 Cassidy Turley brought One Hartsfield Centre to the sales market in mid-2012 and since then, the firm has increased the building’s occupancy. 

Cassidy Turley represented the seller in a long-term lease of a full floor Triumph Motorcycles, which is moving its North American headquarters to the building.

 “We were excited be a part of the sale of this quality asset,” Shelly said. “As one of few Class A office buildings with such close proximity to the airport, One Hartsfield Centre attracted a lot of interest in the marketplace.”

Mike Shelly

 Cassidy Turley has represented the pension fund for more than 10 years. “We had success attracting new tenants to Hartsfield Centre and now have successfully completed the disposition of the property for our client,” Winfield added.

One Hartsfield Centre is the second office building Nightingale Properties, based in New York, has purchased in the Atlanta area. The investor also owns retail centers in metro Atlanta.

 Contact:

Tony Wilbert

The Wilbert Group

404-965-5022

twilbert@thewilbertgroup.com

Steven C. Barre Joins McCraney Property Co. as Managing Director

Steven C.  Barre

WEST PALM BEACH, FL and ORLANDO, FL – McCraney Property Company (MPC), an integrated developer and manager of commercial/industrial flex and warehouse distribution properties located throughout Florida, has appointed Steven C. Barre as Managing Director.

His responsibilities include overseeing all divisions from an operations standpoint, including portfolio management, property management and leasing. He is also a valued member of the company’s acquisitions team.


Steven E. McCraney


“We’re in growth mode,” said MPC founder and CEO, Steven E. McCraney, CCIM, SIOR. “Steve is an accomplished executive with operations and large deal know-how, a combination you don’t see too often.

"He has extensive C-suite experience and a proven track record of evaluating and completing large, complex transactions, running businesses and improving operations and profitability. We are excited about the talents he brings to our team.”

Mr. Barre most recently served as CEO and a board member of Tigrent Inc., a $100 million for-profit provider of education programs on real estate and financial markets investing.

For a complete copy of the company's news release, please contact:
Don Silver
Chief Operations Officer
Boardroom Communications
(954) 370-8999
(954) 629-7523 Cell
(954) 370-8892 Fax
donsil@boardroompr.com



Teresa Shum

tshum@boardroompr.com

Boardroom Communications,

954-370-8999.

Expedia Reports Demand for travel to the US is growing among Canadian consumers

New York City Skyline

BELLEVUE, WA --The  number of Canadian travelers to the U.S. is expected to grow 5% in 2012, and another 4% by the end of 2013, according to Bellevue, WA-based Expedia Inc.

·         The number of travelers booking trips from Canada to the U.S. on Expedia, Inc. sites grew nearly 15% during the first 9 months of 2012 compared to the previous year.

·         More than 21 million Canadians traveled to the U.S. last year, accounting for more than 176 million overnight stays1           

Las Vegas Skyline

·         And collectively spent more than $16 billion USD during their travels – equal to $770 per person – making Canadians number one in terms of visitor spending in the U.S. as well2

 A majority of visitors from Canada are traveling to major US cities.

·         The top 5 destinations for Canadian travelers (as booked on Expedia, Inc. sites) are:

1.     Las Vegas, NV

2.     New York, NY

3.     Orlando, FL

4.     Chicago, IL

5.     Los Angeles, CA

Orlando, FL skyline

…And staying at 3-, 4-, and 5-star properties*

·         More than 70% book their stay at 3-5 star hotels

·         Making their booking nearly a month out

·         Paying an average ADR of $134 USD per night

·         With lodging representing one-third of their total travel funds.

 ·         Car is the preferred method of transportation for a majority of Canadian travelers (58%) to the States

·         Airplane is the second most popular method (35%)

·         Followed by bus (2%)

Los Angeles Skyline

 The most popular leisure activities among Canadian travelers while visiting the U.S.:

1.     Shopping (76%)

2.     Sightseeing (44%)

3.     Visiting friends or relatives (32%)

4.     Participating in outdoor sports or activities (28%)

A majority of Canadian travelers are making their trips to the US in July, August and September, though there is a sizable contingent that prefer to travel to warm weather locations during the cold Canadian winter months.

 Contact:

Chris Daly

President

Daly Gray, Inc.

Ph: 703-435-6293

Cell: 703-864-5553

Faris Lee Investments Completes Sales of Six Walgreens Properties Totaling $33 Million

Walgreens, Palmview, TX

IRVINE, CA, Feb. 12, 2013 – Faris Lee Investments, the nation’s largest retail-specialized investment advisory firm, has completed the sales of six properties occupied by Walgreens valued in excess of $33 million.

Five properties were purchased by an East Coast based private all-cash buyer and totaled nearly $26.5 million in off-market transactions. The seller was a private owner from Denver, CO.

Matt Mousavi and Patrick Luther of Faris Lee Investments represented both the seller as well as the buyer.

Matt Mousavi

The five properties included:

·         9307 Lee Highway in Ooltewah, TN

·         5104 Bobb Hicks Highway in Johnson City, TN

·         668 Main Street in Abingdon, VA

·         2191 Whiskey Road in Aiken, SC

·         302 University Place in Durant, OK

Patrick Luther

“Faris Lee was able to deal-match five Walgreens properties with the same buyer and seller,” said Mousavi, managing director with Faris Lee Investments. 

The owner of the properties was approached by Faris Lee with a unique buying requirement for Walgreens at extremely aggressive cap rates.

 Mousavi and Luther were able to structure the transaction at record low cap rates, all in the low 6.00% cap rate range, on an all-cash basis. The seller benefited from quick execution, the all-cash sale, and a multi-property/multi-state sale with a single buyer.

The buyer was able to add well-located and high performing Walgreens assets to its portfolio. 

The sixth Walgreens property was sold for $6.82 million to LDW Palmview, LLC, a private all-cash buyer. The seller was Dallas-based McClure Partners. Mousavi represented both sides of the transaction. The property is located at 2008 W. Palma Vista Drive in Palmview, TX.

“Faris Lee generated more than 10 competing offers on this property from private, institutional, and foreign funds investors,” said Mousavi. “This property was unique in that it was one of the last 25-year Absolute NNN leases that Walgreens approved for development, and featured their newest prototype format.”

Mousavi added that Faris Lee employed a pre-sale strategy to generate multiple offers prior to the opening of the new store. The firm was able to procure the buyer during its pre-sale marketing process.

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

Darcie Giacchetto

Spaulding Thompson & Associates

949.278.6224

HFF arranges $9.2 million financing for Collins Road Square in suburban Cedar Rapids, Iowa

Collins Road Square, Cedar Rapids, IA

CHICAGO, IL – HFF announced today that it has arranged a $9.2 million financing for Collins Road Square, a 168,104-square-foot retail center in suburban Cedar Rapids, Iowa.

HFF worked on behalf of Alex Brown Realty, Inc. to secure the three-year, interest-only financing through Resource Capital Corp. (NYSE:RSO), a commercial mortgage REIT. 

Matthew Schoenfeldt

Proceeds from the loan were used to refinance existing debt on the property and to provide for future re-tenanting expenditures as ownership secures new leases.

Collins Road Square is located at 1400 Twixt Town Road across from Lindale Mall in suburban Cedar Rapids.  Renovated in 2011, the property is 79 percent leased and is anchored by Michael’s.  Other tenants include Collins Road Theaters, Pier One Imports and David’s Bridal.

The HFF team representing the borrower was led by managing director Matthew Schoenfeldt and senior real estate analyst Ed Halaburt.

Alex Brown Realty, Inc. (ABR) is a privately owned real estate investment manager organized in 1972 and headquartered in Baltimore, Maryland.  ABR co-invests with joint venture partners in a broad spectrum of property types located throughout the United States. 

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

Kristen M. Murphy

Associate Director

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

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

www.abrealty.com.

HFF closes $8.2 million sale of Ashley Business Park in northern New Jersey

Ashley Business Park, Cranford, NJ

FLORHAM PARK, NJ – HFF announced today that it has closed the sale of Ashley Business Park, a 259,670-square-foot light industrial complex in Cranford, New Jersey. 

                HFF marketed the property on behalf of the court appointed rent receiver, Onyx Equities, LLC­.  Cranford Business Park, LLC, a partnership of three major tenants at the property, purchased the asset for $8.2 million.

Michael Nachamkin

Ashley Business Park is located at 570 South Avenue, close to the Garden State Parkway and Newark Liberty International Airport about 15 miles southwest of New York City.  Renovated in 2000, the 88 percent leased property is comprised of 187,881 square feet of industrial space and 71,289 square feet of office space. 

                The HFF investment sales team representing the seller was led my managing director Michael Nachamkin.

 Headquartered in Woodbridge, New Jersey, Onyx Equities, LLC is a leading private real estate investment, management and development firm. 

Since its founding in 2004, Onyx has acquired more than $1 billion worth of real estate assets across the tri-state region.

The company currently owns, manages or is the appointed receiver for 17 million square feet of office, retail, industrial, and self-storage properties located in New Jersey, New York, Connecticut and Pennsylvania. 

For more information on Onyx Equities, contact the firm at (732) 362-8800, or visit www.onyxequities.com.

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

Kristen M. Murphy

Associate Director

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

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF closes $67 million sale of The Juliana in Hoboken, NJ

Julianna Apartments
Hoboken, NJ

FLORHAM PARK, NJ – HFF announced today that it has closed the sale of The Juliana, a 128-unit, luxury multi-housing property in Hoboken, New Jersey.

                HFF marketed the property on behalf of the seller, The Milestone Group & Invesco.  AEW Capital Management, LP purchased the asset for $67 million on behalf of the AEW Core Property Trust, the firm’s core open-end fund.

                Completed in 2007, The Juliana is comprised of two four-story, “brownstone-inspired” buildings surrounding a 25,000-square-foot courtyard. 

Jose Cruz

The property, which is 95 percent leased, offers one-, two- and three-bedroom units averaging 1,068 square feet.  

Community amenities include four covered parking garages, cardio and weight rooms, a cyber café, gaming lounge, dog park, fire pit, putting green, sundeck, playground and concierge service. 

Andrew Scandalios

 Located at 600 Jackson Street and 601 Harrison Street, The Juliana is within walking distance to the 9th Street Light Rail station and local bus lines that provide commuters access to the Hoboken PATH station, the NJ Transit train station and the New York Waterway terminals.

The HFF investment sales team representing the seller was led by senior managing directors Jose Cruz and Andrew Scandalios, managing directors Kevin O’Hearn and Jeffrey Julien, and associate director Michael Oliver.

According to Cruz, “Invesco/Milestone were able to capitalize on the strong demand for Hoboken multi-housing deals and redeploy capital into other projects.”

Kevin O'Hearn

“We are excited about the acquisition of this condo-quality project in Hoboken, one of the most desirable apartment markets in the country,” said Dan Bradley, senior portfolio manager for the AEW Core Property Trust.

Milestone is one of the largest national multifamily real estate investment advisors and property managers.  Currently Milestone has over $2.5 billion of multifamily assets under management. 

Jeffrey Julien

The Milestone Group is an outgrowth of several partnerships formed in the late 1970’s to develop retail shopping centers in and around the Houston metropolitan area.  In 1980, Milestone Properties, Inc. was formed to act as the management company for the other Milestone entities.

Founded in 1981, AEW Capital Management, L.P. (AEW) provides real estate investment management services to investors worldwide.

Michael Oliver

One of the world’s leading real estate investment advisors, AEW and its affiliates manage $33.5 billion of capital invested in approximately $46.6 billion of property and securities in North America, Europe and Asia (as of  September 30, 2012). 

 Grounded in research and experienced in the complexities of the real estate and capital markets, AEW actively manages portfolios in both the public and private property markets and across the risk/return spectrum. 

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

Kristen M. Murphy

Associate Director

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

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF secures $3.1 million refinancing for Uptown Shopping Plaza in Harrisburg, PA

Uptown Shopping Plaza
Harrisburg, PA

FLORHAM PARK, NJ - HFF announced today that it has secured a $3.1 million refinancing for Uptown Shopping Plaza, a150,000-square-foot grocery-anchored retail center in Harrisburg, Pennsylvania.

HFF worked on behalf of the borrower, LCL Management, LLC, to secure the 10-year loan through Harrisburg-based financial services provider Metro Bank.

Uptown Shopping Plaza is located at the intersection of North Seventh and Division Streets in Harrisburg.  The retail center is anchored by Save-A-Lot Supermarket; other tenants include Dollar Tree, Family Dollar, Subway, H&R Block, McDonalds and Rainbow Apparel.

Michael Klein

The HFF team representing LCL Management, LLC was led by director Michael Klein and real estate analyst Samuel Seiden.

                LCL Management, LLC is a Parsippany, New Jersey-based operator of multi-housing and retail properties.  LCL’s current portfolio consists of approximately 2,800 multi-housing units in New Jersey, Pennsylvania, Ohio and New Mexico as well as five shopping centers.

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

Kristen M. Murphy

Associate Director

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

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com

HFF closes sale of and arranges acquisition financing for three-property student housing portfolio serving Michigan State University

Michigan State University, East Lansing, MI

CHICAGO, IL – HFF announced today that it has closed the sale of and arranged acquisition financing for an off-campus, three-property student housing portfolio serving Michigan State University in East Lansing.

HFF marketed the property on behalf of the seller, Long Wharf Real Estate Partners LLC.  Westpac Investments, LLC purchased the offering for $101.75 million.  In addition, HFF also secured an $85 million long-term, fixed-rate loan through a national CMBS lender on behalf of the buyer.

The 852-unit, 2,772-bed portfolio has an average occupancy of 96.1 percent as of spring 2013.  Individual property details are listed below:

    Property Name                          Address                             Size

    The Club at Chandler              3850 Coleman Road         210 Units/768 Beds     

     Crossings

   The Village at Chandler          3839 Hunsaker Street         336 Units/1,068 Beds

   Crossings

  The Landings at Chandler      16789 Chandler Road          306 Units/936 Beds

   Crossings

Matthew Lawton

The HFF investment sales team representing the seller was led by executive managing director Matthew Lawton and managing directors Brian Kelly and Troy Manson.

Brian Kelly

HFF’s debt placement team representing the buyer was led by senior managing director Tim Wright and associate director Zack Holderman.

Long Wharf Real Estate Partners LLC is a Boston-based private equity real estate investment manager. 

The group invests in sectors and markets across the United States principally on behalf of institutional clients, including corporate and public pension funds, endowments and foundations.

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

Kristen M. Murphy

Associate Director

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

tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com

krmurphy@hfflp.com