HFF Announces $132.9M Financing for 3-Property Apartment Portfolio in San Mateo, California

SAN FRANCISCO--()--HFF announces the $132.9 million financing for a three-property, Class A apartment portfolio totaling 336 units in San Mateo, California.

The HFF team worked exclusively on behalf of the borrower, an affiliate of Stockbridge Capital Group, to secure the fixed-rate loan through TH Real Estate. Loan proceeds were used to retire existing construction financing.

The transit-oriented portfolio is ideally situated midway between San Francisco and Silicon Valley immediately south of the Hillsdale Caltrain station. The offering includes Field House located at 282 Pony Lane (108 units), The Russell located at 3098 Kyne Street West (158 units) and Quimby located at 3068 Kyne Street West (70 units). The Russell and Quimby also feature 9,960 square feet of ground-floor retail leased to Blue Bottle, Tin Pot Creamery and Roam Burger. The borrower and their development partner, Wilson Meany, developed the three properties as a part of the larger pedestrian-friendly Bay Meadows master planned community, which features 18 acres of parks and open space and will include 1,100 residential units, 944,000 square feet of office space, up to 40,000 square feet of retail and a new high school once fully completed.

The HFF debt placement team representing the borrower included senior managing director Bruce Ganong, senior director Chris Gandy and analyst Bercut Smith.

Holliday GP Corp. ("HFF") is a real estate broker licensed with the California Department of Real Estate, License Number 01385740.

About Stockbridge Capital Group

Stockbridge Capital Group (http://stockbridge.com/) is a real estate investment management firm headquartered in San Francisco, California, with offices in New York, Chicago and Atlanta. The firm’s portfolio is comprised of assets across the risk spectrum, spanning all major property types throughout the United States. As of September 30, 2017, the firm’s total assets under management was $11.1 billion.

About HFF

HFF and its affiliates operate out of 26 offices and are a leading provider of commercial real estate and capital markets services to the global commercial real estate industry. HFF, together with its affiliates, offers clients a fully integrated capital markets platform, including debt placement, investment advisory, equity placement, funds marketing, M&A and corporate advisory, loan sales and loan servicing. HFF, HFF Real Estate Limited, HFF Securities L.P. and HFF Securities Limited are owned by HFF, Inc. (NYSE: HF). For more information, please visit hfflp.com or follow HFF on Twitter @HFF.

Contacts

HFF
BRUCE GANONG, 415-276-6300
CA Lic. #01332792
HFF Senior Managing Director
bganong@hfflp.com
or
CHRIS GANDY, 415-276-6300
CA Lic. #01899208
HFF Senior Director
cgandy@hfflp.com
or
OLIVIA HENNESSEY, 713-852-3500
HFF Public Relations Specialist
ohennessey@hfflp.com

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Release Summary

HFF announces the $132.9 million financing for a three-property, Class A apartment portfolio totaling 336 units in San Mateo, California.

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