PHILADELPHIA—Holliday Fenoglio Fowler arranged $53.426 million in preferred equity and construction financing for the development of 3201 Race Street, a 16-story, luxury high-rise apartment property in Philadelphia's University City neighborhood.
The HFF deal team was led by managing director Ryan Ade and senior managing director Mark Thomson.
“HFF was very pleased to be involved in raising both equity and debt capital on behalf of Radnor Property Group,” says Ade. “We are excited to see this project come to fruition as University City continues to attract institutional capital from around the United States.”
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