HFF Secures Financing for Ventana Apartments in San Antonio, Texas

HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has secured fixed-rate financing for Ventana Apartments, a 390-unit, Class A multi-housing community in San Antonio, Texas.Working on behalf of the borrower, Venterra Realty, HFF placed the five-year, 3.06 percent fixed-rate loan with a life company correspondent lender.  Loan proceeds were used to acquire the asset. Ventana Apartments consists of 25 two- and three-story residential buildings containing one-, two- and three-bedroom units totaling 380,076 rentable square feet.  Community amenities include two swimming pools with cabanas, a fitness center, clubhouse and gated access.  The 95-percent-leased property is located at 11020 Huebner Oaks near the intersection of Huebner Road and Interstate 10, proximate to retail and entertainment venues including Huebner Oaks Center, which provides an exceptional mix of more than 50 stores and restaurants within walking distance of the property.  Ventana is also located minutes from the South Texas Medical Center (30,000 employees) as well as other major employers, including USAA. The HFF debt placement team representing the borrower was led by director Cortney Cole and real estate analyst Jordan Finch. About Venterra Realty: Venterra specializes in the identification, finance, acquisition and management of multifamily residential communities in the southern United States.  Venterra currently manages a portfolio of approximately 17,000 multifamily units totaling more than $1.45 billion in value that generates gross annual income in excess of $180 million.  The organization has completed in excess of $2.6 billion of real estate transactions.  Venterra has offices in both Houston and Toronto and employs more than 500 people. About HFF: HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF).  HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing.  For more information please visit hfflp.com or follow HFF on Twitter @HFF.