2008-09-04 05:36:02 -

www.hfflp.com - The Washington, D.C. and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged a $172.5 million construction/mini-permanent loan for three multifamily developments totaling 1,134 units in Maryland.

HFF director Cary Abod (Washington, D.C. office), and executive managing director Jody Thornton and associate director John Ahmed (Dallas office) exclusively represented the borrower, Archstone, in

the transaction. TIAA-CREF provided the 60-month loan.

Located within 15 miles of Washington, D.C., the properties include 451-unit Westchester at Contee Crossing in Laurel, 192-unit Westchester Rockville Station in Rockville and 491-unit Westchester at the Pavilion in Waldorf.

"It was a real pleasure working with the TIAA team on this transaction. Despite an extremely challenging capital markets environment, they never waivered in their focus or in their commitment to this deal," said Ahmed.

"This transaction exemplifies Archstone's investment and development goal of bringing superior residential communities to high-demand markets throughout the country," added Abod.

Archstone is a recognized leader in apartment investment and operations. The company's portfolio is concentrated in the most desirable protected coastal markets including the Washington, D.C. metropolitan area, Los Angeles area, San Diego, San Francisco Bay area, New York metropolitan area, Seattle and Boston. Archstone owns or operates over 92,000 units in the U.S. and Germany, including its development pipeline.

HFF (NYSE:HF) operates out of 18 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. www.hfflp.com.

HFF Director
Cary Abod, 202-533-2500
cabod@hfflp.com
or
HFF Associate Director
John Ahmed, 214-265-0880
jahmed@hfflp.com
or
HFF Associate Director, Marketing
Laurie Fish McDowell, 617-338-0990
lmcdowell@hfflp.com