HFF has closed the sale of Fontenelle Hills, a 339-unit, garden-style, multi-housing property located in the suburban Omaha city of Bellevue, Nebraska.
HFF marketed the property on behalf of the seller, Haley Real Estate Group. Monitor Finance purchased the asset. This transaction follows the sale of a five-property, 894-unit portfolio along the Dodge Road corridor also marketed and transacted by HFF.
Fontenelle Hills is composed of 35 two- and three-story buildings that contain 108 one-, 154 two- and 77 three-bedroom units with an average square footage of 1,126. The property features a swimming pool, 24-hour fitness center, garages and covered parking. The community is situated on 34.08 acres at 200 Martin Drive West in Bellevue, a city south of Omaha with more than 50,000 residents. With access to Highway 75, a major north-south thoroughfare, the property is less than 10 miles south of downtown Omaha and 6.4 miles from Offutt Air Force Base. Additionally, it is within walking distance to the Fontenelle Hills Golf Course and less than two miles from Bellevue University.
Haley Real Estate Group, based in Omaha, Nebraska, owns and operates multifamily assets comprising 10,000-plus apartment units across the central United States.
Monitor Finance is based in Wayzata, Minnesota, and has acquired more than 5,500 multifamily units throughout the Midwest.