HFF Negotiates Sale, Financing of Four Apartment Communities in Houston

HOUSTON — HFF has negotiated the sale and financing of a four-property, Class A apartment portfolio totaling more than 900 units in Houston. Southwest Multifamily Partners purchased the portfolio in a joint venture with an institutional co-investment partner. Todd Marix, Todd Stewart and Chris Curry of HFF marketed the property on behalf of the unnamed seller. Andy Scott, Jody Thornton and Michael Cosby of HFF’s debt placement team worked on behalf of the buyer to secure acquisition financing in four separate transactions through Freddie Mac’s CME program. The loans will be serviced by HFF through its Freddie Mac Program Plus Seller/Servicer program. The portfolio is 95 percent leased and located in the Texas Medical Center and Galleria submarkets. Lincoln Property Co. will manage the properties, which include Mirage Apartments at 2100 Bering Drive, Parque Del Oro Apartments at 8380 El Mundo St., San Melia Apartments at 6383 El Mundo St. and Versailles Park Apartments at 7200 Almeda.