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| Douglas Opalka |
AUSTIN, TX – HFF announced it has secured joint venture
equity and financing for a six-property multi-housing portfolio in Texas.
HFF worked on behalf of Commerce Capital Partners, LLC
(ComCapp) to secure joint venture equity through Harbert United States Real
Estate Fund V (HUSREF V).
In addition,
HFF placed six separate 12-year, four-year, interest only, Fannie Mae loans
with M&T Realty Capital Corporation.
The capitalization will facilitate property improvements and the
implementation of ComCapp’s repositioning plan for the properties.
The HFF debt and equity placement team representing ComCapp
was led by associate director Robert Wooten, senior managing director Doug
Opalka and managing director Matt Kafka.
Founded in 2007, ComCapp is a private real estate management
and investment firm focused on commercial real estate in the Sun Belt –
primarily Texas. ComCapp seeks
value-add and opportunistic investments where they can execute a thoughtful
property enhancement plan by making both physical improvements to assets and
implementing superior management practices.
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The firm’s principles have been active in commercial real
estate since 1984 and currently have ownership interest in more than sixty
properties comprising more than 16,000 apartment units and 3.5 million square
feet of commercial space in eight states.
HUSREF V is sponsored by Harbert Management Corporation
(“HMC”).
HMC, an alternative asset
management firm with approximately $4 billion in assets under management as of
June 1, 2014, is a privately owned firm formed in 1993 to sponsor alternative
asset investment funds.
HMC's real
estate group, together with its sponsored funds, has owned, developed and
managed multifamily, office, industrial, retail and self storage properties throughout
the United States.
HMC's real estate
group has a history of identifying real estate investment opportunities through
its network of long-term, strategic relationships. HUSREF V's approach is hands-on, targeting properties that the
HUSREF V Investment Team believes are undervalued, and where value can be
created through focused operational management. Additional information about HMC can be found at www.harbert.net.
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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
