HFF announces the closing of joint venture equity for multi-housing development in Parker, Colorado
NEWPORT BEACH, CA – January 31, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces the closing of joint venture equity for the development of PDG Parker, a 255-unit, Class A multi-housing community in Parker, Colorado.
HFF worked on behalf of the developer, Price Development Group, to arrange joint venture equity through an institutional partner.
PDG Parker will be located at South Pine and Tallman Drives just south of Twenty Mile Road and downtown Parker. The 22.3-acre site is adjacent to State Highway 83, which provides connectivity to the E-470 toll road offering residents convenient access into major employment centers around the Denver metropolitan area. Upon completion in 2019, PDG Parker will consist of 255 luxury apartment units housed within two- and three-story garden-style buildings with attached garages. The property will offer 705-square-foot one-bedroom and 1,423-square-foot two-bedroom units featuring stainless steel appliances, custom cabinetry, granite countertops, large kitchen islands, hardwood-style flooring, in-unit washers and dryers, and patios or balconies. Common area features include a spacious clubhouse with fitness center, indoor golf simulator, business center, entertainment room with media center, kitchen area, pet spa, bike and ski repair shop and a covered patio adjacent to the community’s resort-style swimming pool. Other outdoor amenities include a grilling area, hot tub, fire pit, dog park, children’s playground and a walking path.
The HFF equity placement team included senior director Mark Erland and director Matthew Benson along with managing director Josh Simon and director Leon McBroom.
About Price Development Group, LLC
Price Development Group, LLC, a privately owned limited liability company, specializes in multifamily development opportunities with an emphasis on residential and mixed-use projects. For more information, visit pricedg.com.
HFF and its affiliates operate out of 25 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.