Market Overview

HFF Announces $104M Financing for 360 Market Square in Indianapolis

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Holliday Fenoglio Fowler, L.P. (HFF) announces $104 million in financing
for 360 Market Square, a newly built, 27-story, mixed-use residential
and retail property on the former Market Square Arena site in
Indianapolis, Indiana.

The HFF team worked on behalf of the borrower, Flaherty & Collins
Properties, to place the floating-rate loan with Heitman LLC, a global
real estate investment management firm, which originated the loan on
behalf of an affiliate of the firm. Loan proceeds will be used to retire
existing construction financing.

360 Market Square comprises 292 apartment units with upscale
condominium-quality finishes and approximately 42,000 square feet of
ground-floor retail anchored by Whole Foods Market. In addition, the
property includes a 550-space parking garage with 350 spaces reserved
for resident parking. Completed earlier this year, the property
incorporates eco-friendly features throughout and 10,000 square feet of
amenity space, including a state-of-the-art fitness center, private
yoga/spin studio, cyber café, screening lounge, business center and
gaming lounge. Outdoor amenities include a landscaped courtyard,
resort-style swimming pool and a 28th-floor sky deck offering panoramic
skyline views. 360 Market Square is situated three blocks from Monument
Circle in Indianapolis' CBD, within a half mile of seven million square
feet of Class A office space and the Massachusetts Avenue cultural
district, which is home to some of the city's top dining and nightlife
destinations.

The HFF debt placement team representing the borrower included senior
managing director David Keller and director Adam Mallory.

About Flaherty & Collins Properties

Headquartered in Indianapolis, Indiana, Flaherty & Collins Properties is
a leader in development, construction and property management. Since
1993, Flaherty & Collins Properties has completed more than $2 billion
in development and has an ongoing pipeline of a half billion in
development. Additionally, the company manages 120 properties and more
than 17,600 multifamily units in 12 states across the nation.

About Heitman LLC

Founded in 1966, Heitman LLC is a global real estate investment
management firm with approximately $42 billion in assets under
management. Heitman's real estate investment strategies include direct
investments in the equity or debt capitalization of a property or in the
securities of listed and publicly traded real estate companies. Heitman
serves a global client base with clients from North American, European,
Middle Eastern and Asia-Pacific institutions, pension plans, foundations
and corporations and individual investors. Headquartered in Chicago,
with offices in Los Angeles, London, Luxembourg, Frankfurt, Munich,
Warsaw, Hong Kong, Seoul, Tokyo and Melbourne, Heitman's more than 325
employees offer specialized expertise – from a specific discipline to
local insight.

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.

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