FORT WORTH – Venterra Realty of Houston has acquired Venue at Hometown, a 209-unit multifamily community in the Fort Worth suburb of North Richland Hills.
Holliday Fenoglio Fowler arranged acquisition financing, seven-year, 4-percent fixed-rate loan with a life insurance company. The property is 94 percent leased.
Venterra, with offices in both Houston and Toronto, employs more than 500 people and manages a 17,000-unit portfolio.
Venue at Hometown is located at 9012 Courtenay Street less than three miles northeast of Loop 820 and North East Mall in Richland Hills. The property offers a mix of one-, two- and three-bedroom residential units situated around a landscaped center courtyard along with approximately 20,000 square feet of ground-floor retail. Community amenities include a swimming pool with sundeck, fitness center with flat-screen televisions, clubhouse and business center. The property is 94 percent leased.
The HFF debt placement team representing Venterra was led by managing directors Cortney Cole and Steve Heldenfels.
March 24, 2017 Realty News Report Copyright 2017