X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

AUSTIN-Denver-based AIMCO has refinanced The Hills at the Arboretum, an apartment complex in northwest Austin. The 329-unit complex, at 9009 Great Hills Trail, received $15.9 million in financing.

Built in 1981, a renovation was completed in April. It is 94% leased.

The Hills was one of three apartments The REIT refinanced with a total of $49.6 million through Holliday Fenoglio Fowler LP, a commercial mortgage company based in Dallas. Howard Taft, senior managing director of Holliday’s Miami office, arranged the 20-year, fixed-rate financing transactions. Steven Heldenfels in the Dallas office and Jon Wood in Indianapolis assisted with the Austin transaction.

In Miami, the Four Quarters Habitat received $15.73 million. Located in the Kendall area of Miami, the complex has 336 units and is 98% leased. The Yorktown II in Lombard, IL, a Chicago suburb, received $18 million. It is 92% leased.

Through its subsidiaries, AIMCO operates 1,640 properties, including approximately 313,000 apartment units.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.