HFF arranges $33.5 million financing for Statesboro, Georgia, student housing community
DALLAS, TX – November 22, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has arranged $33.5 million in permanent financing for The Hamptons, a 668-bed, cottage-style student housing community serving Georgia Southern University in Statesboro, Georgia.
HFF worked exclusively on behalf of IMS Development to secure the 10-year, fixed-rate loan through a national bank.
Delivered in fall 2015, The Hamptons offers 117 Tudor-style cottages and 120 residential flats. The cottages have a mix of two-, three-, four- and five-bedroom floor plans with one- and two-bedroom apartment-style flats also available within the gated community. Each cottage and flat includes a washer and dryer, private bathroom for every bedroom, walk-in closets, stainless steel appliances and granite countertops. The community features a 10,000-square-foot clubhouse with a café, business center, resident study room, fitness center, steam rooms, cardio room with Fitness on Demand™, game room, bicycle rentals and tanning beds. Other amenities include a resort-style swimming pool with an 80-yard lazy river, sand volleyball court, bocce ball court, two dog parks and separate study lounge. Located near the intersection of South Main Street and Rucker Lane, the property is within walking distance to campus.
The HFF debt placement team representing the developer was led by director Jeremy Sain.
About IMS Development
IMS Development (IMS) is led by H. Jackson Wallace and Bill Trick. IMS exists to create exceptional developments that enhance the lives of its residents and partners. Currently, IMS owns and manages properties across three states in the southeast. Combined, the principals have more than 58 years of experience in the real estate business. For more information, please visit imsdevelopment.net.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: 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 @HFF.