CBRE Arranges Agency Debt, Equity For Acquisition of Two Apartment Complexes in Dallas

DALLAS — CBRE Capital Markets’ Debt & Structured Finance group in Dallas has arranged acquisition financing for a two-property multifamily portfolio in Dallas. CBRE, working on behalf of CAF Capital Partners, obtained a 10-year Freddie Mac loan coupled with a preferred equity investment by an affiliate of Highland Capital Management LP to finance the property. CBRE also introduced Button Capital as the joint venture equity partner. Originally built in 1996 and 1998, Emory at Horizon North and Ashmore at Horizon North includes 712 units, and fronts The President George Bush Turnpike, west of The Dallas North Tollway. CAF and Button plan to continue current renovations to further capitalize on the north Dallas apartment market. Brian Myers, Jay Wagley, Mike Bryant, Chris Wong and Harry Krieger led CBRE’s debt and structured finance team that originated and secured the financing on behalf of CAF Capital Partners.