Posted Nov 7, 2017, 2:45 PM
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Join Date: Jan 2009
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Australian developer secures financing for Midtown Houston high-rise
Quote:
Melbourne, Australia-based Caydon Property Group has surpassed another milestone in the development of its first U.S. project, a $200 million residential tower in Houston’s Midtown.
Holliday Fenoglio Fowler LP, known as HFF, represented Caydon in securing an undisclosed amount of debt and equity financing through Bank of the Ozarks and Invesco Real Estate. HFF’s capital markets team on the deal included Senior Managing Director Matthew Kafka and Analyst Dustin Selzer.
The 27-story tower, at 2850 Fannin St., will be the first high-rise property in Midtown, Kafka noted in a press release from HFF.
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