HOUSTON—HFF announced today that it has closed the sale of and arranged financing for City Park (formerly the Retreat at City Park), a 308-unit multifamily community here. The sale price was not disclosed.
HFF represented the seller, Fulton Property Group LLC (based in San Antonio, TX), in the sale of the property to Alliance Residential Co. HFF also arranged acquisition financing for the buyer through a life insurance company.
The HFF investment sales team representing the seller was led by senior managing directors Todd Marix and Todd Stewart and directors Chris Curry and Tre Banks. HFF's debt placement team representing the buyer was led by director Colby Mueck.
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