{"id":1004126973,"date":"2015-09-07T03:37:18","date_gmt":"2015-09-07T11:37:18","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=360083"},"modified":"2022-12-01T22:05:07","modified_gmt":"2022-12-02T06:05:07","slug":"hff-arranges-financing-for-capitol-hill-class-a-residential-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\/","title":{"rendered":"HFF Arranges Financing for Capitol Hill Class A Residential Building"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/em><\/p>\n

\"Kennedy<\/a><\/p>\n

Kennedy Row<\/p>\n<\/div>\n

The JBG Cos.<\/a> and its joint venture partner, the TRITEC Real Estate Company<\/a>, have recently won $32 million in financing for one of their multi-housing properties in Washington, D.C. HFF<\/a> worked on behalf of the borrower to secure the seven-year, floating-rate loan with HSBC Bank<\/a>.<\/p>\n

The joint venture will use the funds to refinance an existing construction debt on Kennedy Row, a 141-unit Class A property located in the District\u2019s Capitol Hill neighborhood. Michael Gigliotti, Sue Carras, Walter Coker and Brian Crivella were part of the HFF debt placement team representing the JBG-TRITEC joint venture.<\/p>\n

Kennedy Row broke ground in November 2011 and was completed in early 2013. The project was constructed by Clark Builders Group at 1717 E. Capitol St., SE on a site that previously housed a dilapidated 80-unit apartment building.<\/p>\n

The mid-rise residential building offers a mix of studio, one- and two-bedroom units ranging in size from 473 to 990 square feet, and with rents between $1,495 and $2,915 per month. Additionally, Kennedy Row features a rooftop terrace, on-site fitness center, pet cleaning station, bicycle storage and underground parking. According to HFF, the property is currently 94 percent occupied.<\/p>\n

Photo credit: <\/em>The JBG Cos.<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Capitol Hill residential community has recently received $32 million in financing.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742,1615],"tags":[],"class_list":["post-1004126973","post","type-post","status-publish","format-standard","hentry","category-latest","category-washington-dc"],"acf":[],"yoast_head":"\nHFF Arranges Financing for Capitol Hill Class A Residential Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges Financing for Capitol Hill Class A Residential Building\" \/>\n<meta property=\"og:description\" content=\"A Capitol Hill residential community has recently received $32 million in financing.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-09-07T11:37:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T06:05:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/09\/Kennedy-Row.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"HFF Arranges Financing for Capitol Hill Class A Residential Building\",\"datePublished\":\"2015-09-07T11:37:18+00:00\",\"dateModified\":\"2022-12-02T06:05:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/\"},\"wordCount\":207,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/09\\\/Kennedy-Row.jpg\",\"articleSection\":[\"News\",\"Washington D.C.\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hff-arranges-financing-for-capitol-hill-class-a-residential-building\\\/\",\"name\":\"HFF Arranges Financing for Capitol Hill Class A Residential Building - 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