U.S.-based mortgage-banking firm Holliday Fenoglio Fowler (HFF) has earmarked $800.45 million capital for a multifamily portfolio.
The HFF team worked on behalf of Starlight Investments, a Canadian real estate investment trust and its closed-end fund, Starlight U.S. Multi-Family Core Fund.
The Starlight U.S. Multi-Family Core Fund portfolio comprises of 23 assets, which consist of 7,289 units across eight states, are located in the Atlanta, Austin, Charlotte, Dallas, Denver, Houston, Las Vegas, Nashville, Orlando, Phoenix, Raleigh, San Antonio and Tampa markets.
Federal Home Loan Mortgage Corp. (Freddie Mac), which provided enhanced structurings to meet customer’s specific needs, nearly half of the units, 47.5 percent, were financed under Freddie Mac’s Green Advantage program, which helps finance energy and water saving improvements that help lower operating costs for buildings, keep utility costs low and protect the environment.