HFF Arranges Financing for 306-Unit Legacy Heights Apartment Community in San Antonio, Texas

AUSTIN, TX – Holliday Fenoglio Fowler, L.P. (HFF) announces it has arranged acquisition financing for Legacy Heights, a 306-unit, garden-style multi-housing community in San Antonio, Texas.

HFF worked on behalf of the borrower, Regional Investment & Management, to place the loan through Annaly Commercial Real Estate Group, Inc.  Loan proceeds were used to acquire the property and fund future renovations.

Legacy Heights is situated on a 13.6-acre site at 1320 Austin Highway less than two miles west of Fort Sam Houston, a major area employment center.  Completed in 2009, the property has one-, two- and three-bedroom units ranging from 610 to 1,400 square feet.  Community amenities include a clubhouse with game room, billiards and fitness center as well as a resort-style swimming pool and barbecue area.  The property was 95 percent occupied at closing.

The HFF debt placement team representing the borrower was led by managing director Robert Wooten.

About Regional Investment & Management: Regional Investment & Management (RIM) is a real estate investment firm specializing in the acquisition of value-add multifamily communities through a vertically integrated owner-managed platform.  By managing assets with which it invests, RIM creates an alignment of interest with its investors resulting in the delivery of consistent quality returns.  RIM has extensive expertise in analyzing risks, opportunities and developing effective strategies to protect investor capital while maximizing asset value.  RIM’s ability to solve complex real estate issues, identify “hidden value” and execute seamlessly allows it to outpace market yields.  RIM’s disciplined investment strategy is driven by specialization in multifamily assets, experience, and in-depth quantitative and qualitative analysis.

About Annaly Commercial Real Estate Group, Inc. Annaly Commercial Real Estate Group, Inc. (“ACREG”) originates and invests in commercial mortgage loans, securities, and other commercial real estate debt and equity investments. As a lender, ACREG has the ability to offer flexible and customized solutions to borrowers across the capital structure.  ACREG focuses on top sponsors with creative business plans, strong and durable markets, and loan structures that mitigate risk.  ACREG is a wholly-owned subsidiary of Annaly Capital Management, Inc. (NYSE: NLY).  For more information, please visit annaly.com

About HFF: HFF and its affiliates operate out of 26 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.