HFF arranges $61 million financing for Florida multifamily portfolio

The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it arranged $61 million in financing for two Class A multifamily properties in Tampa and Ocala, Florida.

HFF senior managing director Paul Stasaitis and director Terri Echarte worked exclusively on behalf of Brookfield Real Estate Opportunity Group to secure the refinancing of existing debt. Brookfield Real Estate Opportunity Group was established by Brookfield Asset Management, a global asset management company with approximately $90 billion in assets under management worldwide and co-listed on the NYSE and Toronto Stock Exchange (BAM).

The portfolio includes Vista Grande at Tampa Palms, a 378-unit community completed in 2002, and Deerwood Village, a 328-unit community completed in 2007. Both communities benefit from extensive community and unit amenity packages including fully-appointed clubhouses, swimming pools, vaulted ceilings and fireplaces. Located at 17220 Heart of Palms Drive, Vista Grande at Tampa Palms is close to Interstate 75 in northern Tampa. Deerwood Village is located at 1850 Southeast 18th Avenue in Ocala.

“These two properties present tremendous upside potential as both are at the top of their respective submarkets in terms of asset quality and location,” said Stasaitis.

HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing.