MINNEAPOLIS- Holliday Fenoglio Fowler, L.P. has announced that they have secured construction financing and joint venture equity for the development of Metro Park East, a 194-unit, 551-bed, student housing project at the University of Minnesota - Twin Cities.
HFF's Adam Herrin worked with the developer, Fountain Residential Partners, LLC, to get a $29.5 million construction loan through the American Bank of Texas. HFF also got $11.56 million in joint venture equity with an unnamed institutional capital partner.
Fountain will also complete in 2014 a mixed-use project across the street from The University of Texas - San Antonio and student housing serving the University of Houston.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
