HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured acquisition financing for Venue at Hometown, a 209-unit, Class A multi-housing community in the Fort Worth, Texas, suburb of North Richland Hills.
HFF worked exclusively on behalf of the borrower, Venterra Realty (Venterra) to place the seven-year, 4.06-percent fixed-rate loan with a life insurance company.
Venue at Hometown is located at 9012 Courtenay Street less than three miles northeast of Loop 820 and North East Mall in Richland Hills. The property offers a mix of one-, two- and three-bedroom residential units situated around a landscaped center courtyard along with approximately 20,000 square feet of ground-floor retail.
Community amenities include a swimming pool with sundeck, fitness center with flat-screen televisions, clubhouse and business center. The property is 94 percent leased.
The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels.
About Venterra Realty: Venterra Realty (Venterra) specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States. Venterra currently manages a portfolio of approximately 17,000 multifamily units totaling more than $1.45 billion in value that generates gross annual income in excess of $180 million. The organization has completed in excess of $4 billion of real estate transactions. Venterra has offices in both Houston and Toronto and employs more than 500 people.
About HFF: Holliday Fenoglio Fowler, L.P. (“HFF”), HFF Securities L.P. and HFF Securities Limited (collectively, “HFFS”) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 24 offices and is 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 sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.