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Texas  + Finance  | 

$173M in Financing Arranged for 5 MF’s in Denver, Houston

Advenir, Inc. secured $172,845 million in financing for five apartment communities comprising 1,534 units in the Denver and Houston metropolitan areas. HFF’s team worked on behalf of the borrower to secure the seven-year, fixed-rate loans in five separate transactions through Freddie Mac’s CME Program.

The securitized loans were used to refinance existing floating-rate debt on the properties, and will be serviced by HFF. The average rate across the five fixed-rate loans is 4.27%, with rates spanning from 4.21% to 4.34%. HFF’s Eric Tupler, Josh Simon and Cortney Cole represented the borrower.

The properties in the 94%-occupied portfolio are:
– Advenir at Eagle Creek, a 258-unit property at 10373 North Sam Houston Parkway East in Humble, TX
– Advenir at Woodbridge Reserve, a 288-unit property at 15000 W. Airport Blvd. in Sugar Land, TX (pictured)
– Advenir at Cherry Creek North, a 345-unit property at 1090 S. Parker Rd. in Denver
– Advenir at Cherry Creek South, a 292-unit property at 1211 S. Quebec Way in Denver
– Advenir at Del Arte, a 351-unit property at 151 S. Joliet Circle in Aurora, Colorado

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For comments, questions or concerns, please contact Dennis Kaiser

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About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
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