JLL Capital Markets arranged financing for Hanover Autry Park and Hanover Parkview, two luxury multi-housing properties in Houston.
JLL represented the borrowers, Hanover Company and Lionstone Investments, to arrange the five-year, fixed-rate loans from accounts managed by KKR for both respective properties to refinance their existing construction loans that JLL sourced in December 2019.
Hanover Autry Park and Hanover Parkview are part of the transformative 14-acre master planned development located off Allen Parkway on the doorstep of River Oaks. These complexes, both completed in 2022, offer an array of community amenities, including resort-style pools, outdoor grilling areas, social lounges with entertaining kitchens, state-of-the-art fitness centers, and rooftop lounges with indoor/outdoor bars offering picturesque views of downtown Houston.
Hanover Autry Park, located at 811 Buffalo Park Dr., is a 23-story high-rise with 324 units and nearly 23,000 square feet of ground floor retail. The residential portion is currently 92% occupied.
Hanover Parkview, located at 3737 Cogdell St., is a 421-unit midrise apartment building, with 24,000 square feet of ground floor retail. The residential portion is currently 95% occupied.
JLL Capital Market’s Debt Advisory team representing the borrower was led by Senior Managing Directors Cortney Cole and Colby Mueck, Senior Director Laura Brown and Analysts Davis Burnett and Scot Sarlin.
