Financing secured by HFF for Class A multi-housing development in suburban Denver
SAN DIEGO, CA – April 11, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured equity and construction financing for the development of Solana Lucent Station, a 285-unit, Class A multi-housing community in the Highlands Ranch community of Denver, Colorado.
HFF worked on behalf of the developer, ReyLenn Properties LLC, to arrange the financing.
Due for completion in 2018, Solana Lucent Station will be situated on 9.89 acres at the northwest corner of Lucent Boulevard and Plaza Drive approximately 14.5 miles south of downtown Denver. The transit-oriented property is immediately adjacent to the future end-of-the-line light rail station at C-470/Lucent Boulevard and also provides nearby access to Highway 85 and Interstate 25. The three-story, LEED Gold project will feature highly-amenitized one-, two- and three-bedroom units with attached garages. Community amenities will include a resort-style swimming pool with an outdoor living room; spa; barbecue grilling stations; and an 8,500-square-foot clubhouse with a state-of-the-art fitness center.
The HFF equity placement team was led by director Pat Burger and managing director Josh Simon.
About ReyLenn Properties LLC
ReyLenn Properties LLC is a Southern California-based real estate company specializing in the investment, development and construction of multifamily and mixed-use projects in key markets in California and the western region of the United States. Over the last 10 years, the team has been responsible for the development of projects with an approximate value in excess of $1.2 billion. For more information, visit reylenn.com.
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.