HFF arranges sale and financing of three-property Florida apartment portfolio

Holliday Fenoglio Fowler (HFF) has announced the sale and financing of a three-property apartment portfolio totalling 1,048 units in the high-growth submarkets of Broward and Pinellas Counties in Florida.

The HFF team marketed the offering on behalf of the seller, and procured the buyer, a joint venture between KKR, a leading global investment firm, and Carroll Organization. Additionally, HFF’s debt placement team worked on the new owner’s behalf to secure three separate Freddie Mac-funded acquisition loans. The Hamptons, which was funded by Freddie Mac’s CME Program, is a 688-unit property located at 1400 Avon Lane in North Lauderdale. Vinings at Hampton Village, which is a 168-unit property located at 1200 Hampton Boulevard in North Lauderdale, and Sugar Mill Creek, a 212-unit community located at 8500 Belcher Road North in Pinellas Park, were funded by Freddie Mac’s Green Up Program.
The securitised loans will be serviced by HFF, a Freddie Mac Multifamily Approved Seller/Servicer for Conventional and Green Advantage Loans. All three of the garden-style properties offer accessibility to neighbouring employment centres, world-class retail and desirable recreational activities via nearby expressways.
The HFF investment advisory team representing the seller included senior managing director Roberto Casas, senior director Maurice Habif, managing director Jaret Turkell, senior managing director Matt Mitchell and director Zach Nolan.
HFF’s debt placement team representing the new owner consisted of managing director Elliott Throne, senior managing director Ed Coco and associate Ware Shipman.