$19.25 million financing for 127-unit apartment community in Denver, Colorado, secured by HFF
DENVER, CO – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $19.25 million in financing for Green Leaf at Regis, a 127-unit, garden-style apartment community near Regis University in Denver, Colorado.
Working on behalf of the borrower, Miami-based Fifteen Group, HFF placed the 10-year, 2.66 percent, floating-rate Fannie Mae loan with M&T Realty Capital Corporation. Loan proceeds were used to acquire the property.
Green Leaf at Regis has 13 three-story residential buildings totaling 128,862 rentable square feet that house two-, three- and four-bedroom units averaging 1,015 square feet each. Community amenities include a heated swimming pool, picnic and grilling area and playground. Situated on 5.99 acres at 4703 West 52nd Avenue, the property is adjacent to the Willis Case Golf Course and is one half of a mile west of Regis University, a top-ranked university that has been recognized on U.S. News & World Report’s list of best colleges and universities in the country for the past 19 years.
The HFF debt placement team representing the borrower was led by senior managing director Eric Tupler.
“The property’s direct access to Regis University along with being positioned in the path of growth immediately north of the highly popular Berkeley and Highlands neighborhoods provided added appeal to lenders and their potential future upside,” said Tupler.
About Fifteen Group
Founded by brothers Mark Sanders and Ian Sanders in 1992, Fifteen Group is a diversified real estate investment firm based in Miami, Florida. Fifteen Group's investment activities are opportunity-driven, value-added acquisition and development projects. Historically, Fifteen Group concentrated primarily on the multifamily sector, but has evolved to include expertise in the office, retail, mixed-use, industrial and land development sectors. Currently the firm invests in all major real estate asset classes, in real estate secured debt and in corporate private equity transactions. Fifteen Group (www.fifteengroup.com) has offices in Miami, Denver and Los Angeles.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 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 @HFF.