CBRE announced today that it has secured a $380.2 million loan for the refinancing for a five-property, Class A national multifamily portfolio on behalf of Crow Holdings. The portfolio totals 1,549 units across Texas, Colorado and Virginia.
The financing was provided by AllianceBernstein and was arranged by CBRE’s Andy Scott, Michael Cosby, Kris Lowe, Tom Burns and Bo Beidleman with CBRE’s Debt & Structured Finance team in Dallas.
Properties in the portfolio include:
- Alexan Lower Greenville – 5619 Belmont Ave. in Dallas, TX
- Alexan Braker Pointe – 10801 N Mopac Expy., Bldg. 4 in Austin, TX
- Alexan Waterloo – 700 E 11th St. in Austin, TX
- Alexan Julian – 3400 W 38th Ave. in Denver, CO
- Alexan Florence – 400 Wythe St. in Alexandria, VA
The assets are institutional-quality communities developed by Trammell Crow Residential (TCR) in partnership with Crow Holdings. All are in highly desirable, infill submarkets near major employment and lifestyle centers.
