HFF: Midtown Multifamily Complex Trades


Are you on top of Houston’s CRE news? Sign up for’s Texas AM Alert to start each day ahead of the competition.

The asset is located at the intersection of Louisiana and Elgin streets, and situated between Houston’s Central Business District and Museum District.

HOUSTON—HFF has arranged acquisition financing forCalais at Courtlandt Square, a 356-unit, class A mid-rise apartment community in the Midtown submarket.

Working on behalf of the borrower, Venterra Realty, HFF placed the seven-year acquisition loan with a balance sheet lender. The loan has a fixed-rate of 3.14 percent with three and a half years of interest only payments. HFF did not offer further comments about the transaction. Upon acquisition, Venterra will rebrand the property as Calais Midtown and will implement an interior upgrade program as units turn that will include new flooring and appliances, as well as enhancing the property’s exteriors and amenities, including renovations to the leasing office, fitness center, business center and pool/courtyard areas…

HFF: Midtown Multifamily Complex Trades

Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.