DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing totaling $494.88 million for the acquisition of 12 apartment communities totaling 4,635 units located in Texas, Georgia and Colorado.
Working on behalf of the borrower, Strata Equity Group, Inc., HFF placed 12 separate fixed-rate loans totaling $494.88 million with Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loans will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
The HFF debt placement team representing the borrower was led by senior managing director Mona Carlton, director Luke Vanderpoel and associate director Chad Russell and supported by real estate analyst Kris Lowe and production coordinator Ginger O’Reilly.
About Strata Equity Group, Inc. Strata Equity Group is a San Diego, California-based family-owned real estate investment and management company founded by Carlos D. Michan, CEO and his two brothers. With over 30 years of operating history, Strata manages two investment divisions: acquiring, repositioning, and operating commercial income properties with an emphasis on multi-family; and acquiring and entitling raw land throughout Southern California. Strata owns and manages over $1.5 billion in real estate assets comprised of over 7,500 multi-family units, over 375,000 square feet of commercial space and over 18,000 acres of land.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.