HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured financing for Aura Memorial, a 388-unit, Class A, multi-housing community in Houston’s Energy Corridor.
Working on behalf of the borrower, Trinsic Residential Group, HFF placed the seven-year, floating-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. The securitized loan will be serviced by HFF through its Freddie Mac Program Plus® Seller/Servicer program.
Aura Memorial is situated at 14900 Memorial Drive between North Eldridge Parkway and Dairy Ashford Road in West Houston. The community offers nearby access to Interstate 10 and Beltway 8 and numerous retail, dining and recreational destinations, including City Centre, Memorial City Mall, Bear Creek and Terry Hershey Park.
Completed in 2014, the wrap-style community has a variety of one- and two-bedroom floor plans ranging from 705 to 1,338 square feet. Units feature granite countertops, contemporary cabinetry, stainless steel appliances, in-unit washers and dryers, modern lighting, soaking tubs and built-in USB charging ports. Community amenities include a resort-style swimming pool with sundeck and grill area; activity courtyard with an outdoor kitchen, bocce ball court, covered lounge area with TV and billiards table; fitness center; cyber café with entertainment kitchen; business center; private conference room; and dog run.
The HFF debt placement team representing the borrower was led by senior managing director Matt Kafka.
About Trinsic Residential Group: Trinsic Residential Group (TRG) develops suburban, high-end institutional, garden-style properties as well as high-density urban communities, concentrating on areas of population and business growth. TRG also performs the general contracting for its product and uses “best in class” planning and construction practices, emphasizing high-end finishes, distinctive design elements and a full complement of amenities. Its team of industry veterans has, in total, well over 50 years of experience. TRG principals have developed or acquired in excess of 20,000 units with a total capitalization of over $4 billion in multifamily real estate.
About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 23 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.