HFF closes sale of and arranges financing for 4-property Class A multi-housing portfolio in Houston

HOUSTON, TX - December 10, 2014 - HFF announced today that it has closed the sale of and arranged financing for a four-property, Class A multi-housing portfolio totaling 900 units in Houston, Texas.  

HFF marketed the property on behalf of the seller.  Southwest Multifamily Partners, a commingled fund jointly led by Los Angeles-based CityView and Dallas-based Lincoln Property Company purchased the portfolio in a joint venture with an institutional co-investment partner.  HFF's debt placement team worked on behalf of the buyer to secure acquisition financing in four separate transactions through 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 portfolio, located in the Texas Medical Center and Galleria submarkets, is 95 percent leased overall and will be managed by Lincoln Property Company. Individual property details are below:
Property Name                  Location                      Size

Mirage Apartments               2100 Bering Drive,        200 Units
                                          Galleria

Parque Del Oro Apartments  8380 El Mundo Street,   224 Units
                                          Texas Medical Center

San Melia Apartments          6383 El Mundo Street,   252 Units
                                          Texas Medical Center

Versailles Park Apartments  7200 Almeda,                224 Units
                                          Texas Medical Center

The HFF investment sales team representing the seller was led by senior managing directors Todd Marix and Todd Stewart and director Chris Curry.

HFF's debt placement team was led by senior managing director Andy Scott, executive managing director Jody Thornton and associate director Michael Cosby.

Southwest Multifamily Partners, LP was formed in 2012 to focus on value-add multifamily investments in the major metros across the southwest U.S. The fund, led by CityView as its managing member, and Lincoln Property Company as its exclusive operating partner, has acquired more than 1,500 units in Dallas, Fort Worth and Houston, Texas and in Boulder, Colorado.

CityView is an investment manager with more than $750 million under management on behalf of institutional investors.  In addition to the value-add fund, CityView is currently developing 12 multifamily projects across various infill markets such as San Francisco, Oakland, San Jose, Los Angeles, Orange County and San Diego. 

Lincoln Property Company is a privately held real estate firm involved in real estate investment, development, property management and leasing worldwide.  Lincoln was founded in 1965 and maintains offices in all major markets of the U.S. and throughout Europe.  Lincoln's cumulative development efforts have produced more than 100 million square feet of commercial space and more than 200,000 multifamily residential units. Lincoln Property Company is one of the largest commercial real estate companies in the world.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. 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 at twitter.com/hff.   

Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.

CONTACTS:

TODD MARIX
HFF Senior Managing Director
(713) 852-3500
tmarix@hfflp.com

ANDY SCOTT
HFF Senior Managing Director
(214) 265-0880
ascott@hfflp.com

KRISTEN MURPHY
HFF Associate Director, Marketing
(617) 338-0990
krmurphy@hfflp.com