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Greystar Receives $200M Development Financing for The Reserve

Greystar secured $201 million in financing for the development of The Reserve, a 636-unit luxury multi-housing community in San Jose. An HFF team worked on behalf of Greystar to secure the construction loan through Otéra Capital.

Due for completion in 2020, The Reserve includes a mix of one-,two-and two-bedroom loft-style units, as well as more than 8,000 square feet of street-level retail. The two four- and five-story, podium-style buildings are situated above two levels of subterranean parking at at 897 S. Winchester Blvd.

Property amenities include a swimming pool, rooftop lounge, barbecue area, fitness center with yoga rooms, clubhouse with four private dining rooms, business center, pet spa and dog run. The Reserve will seek LEED Green certification, and will include environmentally-conscious finishes, including electric car charging stations.

HFF’s debt placement team included Charles Halladay and Jordan Angel.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as 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, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.