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August 2, 2018

HFF works on $54M Lacey deal

The 248-unit Marq on Martin, at 8545 Litt Dr S.E. in Lacey, sold to Security Properties in June for $54.5 million. Holliday Fenoglio Fowler said it secured acquisition financing for the buyer. The 12-acre complex has 10 buildings; the average unit size is 831 square feet. Brokers weren't announced. HFF said it secured a 10-year, fixed-rate loan (with five years of interest only) through Freddie Mac's CME Lease-Up Program. HFF's team was led by Charles Halladay, Scott Gilson and Robert Bova. Security Properties owns over 4,000 units in the region.




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