Holliday Fenoglio Fowler has closed the sale of and arranged acquisition financing for Woodway Square, a 595-unit, Class A, garden-style multihousing community in Houston.
HFF marketed the property on behalf of the seller, Alecta Houston LLC. Fairfield Woodway Square LLC purchased the property for an undisclosed amount.
In addition, HFF assisted in securing a 10-year floating-rate loan on behalf of the buyer through M&T Realty Capital Corp.
The HFF investment sales team representing Alecta Houston was led by senior managing directors Craig LaFollette, Todd Marix and Todd Stewart along with directors Tre Banks and Chris Curry.
HFF’s debt placement team representing the buyer was led by managing director Andy Scott.
HFF also arranged a $12.35 million refinancing for Beach Club Apartments, a 220-unit, garden-style multihousing community in Long Beach, Miss.
Working on behalf of the borrower, Dawn Properties Inc., HFF secured the 10-year, fixed-rate loan through M&T Realty Capital Corp.
