DALLAS--The Dallas office of HFF (Holliday Fenoglio Fowler, L.P.) has announced today that it arranged a $93 million construction/mini-permanent loan for a three-property, 649-unit multifamily portfolio in Dallas and Houston, Texas.
Working on behalf of Conservatory Senior Residences, HFF senior managing director Whit Johnson placed a three-year, adjustable-rate loan with Merrill Lynch Capital Real Estate Finance.
Due for completion in late 2007, the Class A portfolio includes a senior housing community and two traditional multifamily properties. Amenities at the properties include clubhouses, fitness centers, 40-seat movie theatres, business centers, game rooms, pools and libraries. Individual property details are listed below:
| Property | City | # of Units |
| Conservatory at Alden Bridge | The Woodlands | 237 |
| Conservatory at Champion Forest | Spring | 190 |
| Conservatory at Plano | Plano | 222 |
Conservatory Senior Living is dedicated to providing a superior retirement experience for people age 55+. The founders recognized a need for gracious living environments offering outstanding services for reasonable fees. The Conservatory Senior Living lifestyle is truly unique, offering a combination of extraordinary luxury, services, amenities and value to enrich, enhance and extend independent senior’s lifestyles.
HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sale and note sales advisory services and commercial loan servicing.