DENVER—HFF has arranged joint venture equity for the development of Solana Cherry Creek, a 341-unit, Class A, to-be-built multi-housing community in Denver's Cherry Creek submarket of Glendale, CO.

HFF worked exclusively on behalf of MKS Residential LLC to secure the joint venture equity through an institutional investor. Equity proceeds are being used to build the project.

Due for completion in 2016, Solana Cherry Creek will be a LEED Gold four-story building with a five-level parking garage. The project will have studio, one-, two- and three-bedroom units averaging 852 square feet each and parking to accommodate 626 vehicles. Community amenities will include a clubhouse, coffee social, multi-purpose yoga, spin and training room, state-of-the-art fitness facility and resort-style pool with outdoor living room.

Solana Cherry Creek is situated on a 5.3-acre site at 801 South Cherry Street within the Cherry Creek Corporate Center campus redevelopment in the Glendale area of Denver, directly between Glendale's new Infinity Park to the south and the proposed Glendale Riverwalk redevelopment area to the north. The site is walking distance to Whole Foods, Super Target, King Soopers and other retail and entertainment venues.

The HFF team representing MKS Residential LLC was led by directors Pat Burger, Josh Simon and Jordan Robbins and senior real estate analyst Husayn Hasan.

MKS Residential LLC is a Southern California and Colorado-based firm specializing in the investment, development and construction of Class A multi-housing and mixed-use projects in key markets in California and the western region of the United States and was formed by multi-housing industry veterans Ronnie Morgan, Louis Kuntz and Ric Shwisberg. Jason Smith serves as MKS Residential's Regional Development Partner in Colorado. www.mksresidential.com.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, advisory services, equity placement, loan sales, and commercial loan servicing. www.hfflp.com.

Instant Insights /

HFF Arranges JV Equity for Denver Multifamily

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