APT. COMMUNITY RECEIVES $34 MILLION FINANCING FROM CBRE

HOUSTON — CBRE has arranged $34 million in permanent financing to refinance debt on the 680-unit Abbey at Briar Forest, a Class B apartment community located at 11655 Briar Forest Dr. in Houston. Glenn Housman of CBRE's Orlando, Fla., office arranged the financing with a 7-year fixed rate through Freddie Mac on behalf of the borrower, Birmingham, Ala.-based Abbey Residential.