Press Release: Holliday Fenoglio Fowler, L.P.
July 17, 2002
HOUSTON, TX -- The Houston office of Holliday Fenoglio Fowler, the nation's leading commercial mortgage banking
firm, has arranged a $14.1 million refinancing for the Lodge at Kingwood, a 312-unit apartment community in Kingwood,
a suburb of Houston.
Senior Managing Director, H. Scott Galloway and Associate Director, Cortney R. Cole, of Holliday Fenoglio Fowler's
Houston office, arranged the three-year, adjustable-rate financing for The Hanover Company through Nationwide Life
Insurance Company.
Constructed in 1999, the Lodge at Kingwood is comprised of 180 one-bedroom, and 132 two-bedroom units. The individual
units include 9-foot ceilings, European style cabinetry, balconies, ceiling fans, fireplaces (in select units),
a washer & dryer, and a deluxe kitchen with frost-free refrigerator and other modern appliances.
Cole said, "Nationwide was particularly attracted to this transaction due to the long-term viability of the
Kingwood market, as well as the extremely high quality of both the product and sponsorship." Located at 938
Kingwood Drive, in Kingwood's Harris and Montgomery Counties, the Lodge at Kingwood is presently 98% leased. The
property features a fitness center, a pool with large sundecks, a clubhouse with game room, a cinema room with
stadium seating, covered parking, private access gates, and convenient access to public transportation.
With 19 offices nationwide, Holliday Fenoglio Fowler is one of the country's largest capital intermediaries. 2001
was a record-breaking year for the firm, with more than $12.2 billion in business volume. Since 1998, the firm's
debt, equity/structured finance and investment sales transactions have totaled more than $50 billion.
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Contact:
Holliday Fenoglio Fowler, L.P.
H. Scott Galloway, (713) 852-3500
sgalloway@hfflp.com
or
Cortney R. Cole, (713) 852-3500
ccole@hfflp.com
or
Melissa J. Browne, (617) 338-0990
mbrowne@hfflp.com