DALLAS--HFF has arranged a $247.5-million mega-refinancing deal for a retail portfolio totaling 20 properties and 2.1 million square feet in Dallas, Houston and San Antonio.
HFF worked on behalf of the borrower, Global Fund Investments LLC (GFI), to place the long term, fixed-rate loan with TIAA-CREF. Loan proceeds were used to refinance existing debt and recapitalize the properties.
"The assets offer geographic diversity across three strong Texas markets, as well as diversity in tenancy, with grocery anchored centers and strong shadow-anchored centers," HFF managing director Michael Gigliotti told GlobeSt.com. "The portfolio has all of the attributes necessary to attract institutional capital."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
