HFF Announces Financing for 6-Property, 2,000+ Unit Multi-Housing Portfolio in Dallas-Fort Worth

Holliday Fenoglio Fowler, L.P. (HFF) announces acquisition financing for
a six-property multi-housing portfolio totaling 2,048 units in the
Dallas-Fort Worth metropolitan area.

The HFF team worked on behalf of the borrower, Exponential Property
Group, to secure the fixed-rate loan through Global Atlantic Financial
Group.

The six properties in the portfolio are Cedar Point at 2020 Cedar Point
Drive in Arlington (272 units); Emerald Hills & Normandale at 8950 N.
Normandale Street in Fort Worth (398 units); Marine Creek at 4500 Marine
Creek Parkway in Fort Worth (248 units); The Woodlands at 7040 John T.
White Road in Fort Worth (346 units); Pecan Knoll & Broadway at 1051 E.
Centerville Road in Garland (492 units); and Quail Ridge at 1919 W.
Tarrant Road in Grand Prairie (292 units). The assets are approximately
98 percent leased overall.

The HFF team representing the borrower included managing director Jeremy
Sain.

“We were attracted to this acquisition for many reasons, including the
opportunity to essentially double our DFW portfolio as well as the
attractive returns the properties will make available for our
investors,” said Kim Radaker, founder and managing principal of
Exponential Property Group. “Throughout the acquisition, we worked
closely with the previous owner to help us retain the majority of the
existing staff as it was important to us to utilize their individual
expertise to help make this new venture a success going forward.”

“HFF did a remarkable job in quickly identifying Global Atlantic as an
ideal partner,” Radaker continued. “The creative structure Global
Atlantic brought to the table allowed us to close this large portfolio
in a timely manner, and we greatly appreciate both the HFF and Global
Atlantic teams’ flawless performances throughout the entire process.”

About Exponential Property Group

Exponential Property Group of Companies was founded in 2011. Exponential
specializes in repositioning value-add, multifamily assets throughout
major Texas markets. Exponential minimizes costs in its properties with
a vertically integrated business model as they have in-house
property/asset management, construction and materials import divisions.
Through professional asset management and a high level of integrity,
Exponential increases the value of properties while dramatically
improving quality of life for its residents. Exponential Property Group
has closed nearly $350 million in multifamily assets.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading
provider of commercial real estate and capital markets services to the
global commercial real estate industry. HFF, together with its
affiliates, offers clients a fully integrated capital markets platform,
including debt placement, investment advisory, equity placement, funds
marketing, M&A and corporate advisory, loan sales and loan servicing.
HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities
Limited are owned by HFF, Inc. (NYSE: HF). For more information, please
visit hfflp.com
or follow HFF on Twitter @HFF.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180712005727/en/

Leave a Comment