DALLAS—Brackenridge at Midtown, a 282-unit, class A garden-style multifamily community in San Antonio has received $30.6 million in financing, secured by HFF's Dallas office.
HFF worked on behalf of the borrower, Pure Multi-Family REIT LP, to place the long-term, fixed-rate loan with TIAA-CREF. Loan proceeds were used to acquire the property. HFF declined to offer more details about the transaction.
Brackenridge at Midtown has one-, two- and three-bedroom units ranging between 594 square feet to 1,458 square feet. Completed in 2014, property amenities include a resort-style swimming pool with tanning deck, grilling areas, fire pit, horseshoe pit, pet park, clubhouse, state-of-the-art fitness center, dedicated yoga/Pilates fitness room, entertainment kitchen, gaming lounge and private garages.
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