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395-unit Class-A Frisco apartment complex sold395-unit Class-A Frisco apartment complex soldhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=162015-08-25T05:00:00Z

​​​​​​​FRISCO – Pure Multi-Family REIT LP has purchased Amalfi Stonebriar, a 395-unit, Class-A apartment complex.

Completed in 2014, Amalfi Stonebriar is at 5725 Town & Country Blvd. across from the future headquarters of Toyota and FedEx, as well as the new Liberty Mutual office campus. The property offers units ranging from 603 to 1,689 sf, with 69 percent of the units one-bedroom and 31 percent two-bedroom.

Amenities include a swimming pool, fitness center, grilling area, courtyard and a business center.

Amalfi Stonebriar is 94 percent occupied.

HFF worked on behalf of Pure Multi-Family to arrange $45 million in acquisition financing. The 12-year, fixed-rate loan was placed through TIAA-CREF.​

REBUSINESS
Dallas-Fort Worth-Arlington
Multifamily
http://http://rebusinessonline.com/hff-arranges-45m-in-acquisition-financing-for-apartment-complex-in-metro-dallas/Read more at {Source}

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