SAN DIEGO, CA – HFF announces $9.5 million in financing for The Traditions, a Class A, 160-unit multi-housing community in Mesa, Arizona. The HFF team worked on behalf of the borrower, EPI Limited Partnership, to place the 10-year, fixed-rate loan with Aegon USA Realty Advisors, LLC.
The Traditions is situated on 7.65 acres at 4450 East Southern Avenue approximately 25 miles southeast of downtown Phoenix. The community is less than a mile north of State Route 60 and near Loop 101, which offers access to several Phoenix suburbs, including Tolleson, Glendale, Peoria, Scottsdale, Tempe and Chandler. The 11-building, two-story property consists of one- and two-bedroom units averaging 947 square feet with fully equipped kitchens, full-sized washers and dryers, spacious walk-in closets and private balconies or patios. Community amenities include a clubhouse with business center, state-of-the-art fitness center, resort-style swimming pool and spa, landscaped gazebo gardens, grilling areas and gated entry.
The HFF debt placement team representing the borrower included senior director Zach Koucos along with senior managing director Jeremy Womack as HFF’s local representative.
Holliday GP Corp. (“HFF”) is a commercial mortgage broker licensed with the Arizona Department of Financial Institutions, License Number CMB 0938500 and NMLS Number 1524298.
About Aegon USA Realty Advisors, LLC: Aegon USA Realty Advisors, LLC (“AURA”), an indirect wholly owned subsidiary of Aegon N.V., is a U.S.-based investment adviser registered with the Securities and Exchange Commission (“SEC”) and part of Aegon Asset Management, the global investment management brand of Aegon Group.
About HFF: HFF and its affiliates operate out of 25 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.