HFF Arranges Financing for 197-Unit Active Adult Community in Dallas

by Jeff Shaw

DALLAS — Holliday Fenoglio Fowler LP (HFF) has arranged financing for the development of Forestwood Active Adult, a 197-unit, age-restricted community in North Dallas.

The HFF team worked on behalf of the developer, Greystar, to source funding for the development through the Real Estate Finance unit at CIT Group Inc.

Forestwood will be situated on a 22.7-acre site. The infill location provides proximity to numerous retail, dining and lifestyle amenities in central Dallas as well as major transportation arteries.

The property will offer a 12,000-square-foot indoor amenity center that will feature social spaces, a fitness center with a yoga and group fitness studio, game room, media room, and demonstration kitchen for cooking classes and events. The property will also have an outdoor, resort-style pool with hot tub.

Forestwood is scheduled for completion in late 2019.

The HFF team representing Greystar included Andy Scott, Michael Cosby, Sarah Anderson, Ryan Maconachy, Chad Lavender and Bill Miller.

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