HFF closes sale of 530-acre master-planned community in suburban Houston

HOUSTON, TX – HFF announced today that it has closed the sale of a 530-acre master-planned community, Sedona Lakes, located in Manvel, Texas.

HFF marketed the property on behalf of MA Sedona Lakes, LP, an investment of the E2M Value Added Fund. Landeavor, LLC, in partnership with Walton Street Capital L.L.C. and its affiliates, purchased the property for an undisclosed amount.

The community is situated off of Texas State Highway 288 at the County Road 101 exit just south of Pearland. Sedona Lakes is planned to include 854 residential lots, which will be completed in four phases, and also includes five commercial reserves that total approximately 63.02 acres.

The HFF investment sales team representing the seller was led by managing director Davis Adams.

E2M Partners is a fully discretionary real estate investment fund manager based in Dallas, Texas, with more than $500 million of equity capital invested across multiple funds. E2M invests capital on behalf of its investors in real estate assets and real estate related debt in selected markets throughout the United States and within every major asset class.

Landeavor, LLC is a national real estate investment and development company headquartered in Tampa, Florida with offices in Atlanta, Georgia; Charlotte, North Carolina and Raleigh, North Carolina. The company specializes in the development of master-planned residential and resort communities as principal developers or through joint ventures. Since its founding in 2007, Landeavor, has invested nearly $150 million in residential communities throughout the Southeast. Sedona Lakes is the company’s first investment in Texas and the ninth community in its corporate portfolio. Through Landeavor’s distinct alliance with Walton Street Capital affiliates, Landeavor is uniquely positioned to invest in or develop a variety of planned communities in any stage of development. For more information, visit www.landeavor.com.

Walton Street Capital, L.L.C. is a private equity real estate investment firm. Since its founding in 1994, affiliates of Walton Street have received total equity commitments of $5.7 billion from public and corporate pension plans, foreign institutions, insurance companies and banks, endowments and foundations, trusts and high-net-worth individuals. Affiliates of Walton Street Capital have invested and/or committed to invest approximately $4.5 billion of equity in approximately 180 separate transactions. For more information, visit www.waltonst.com.

HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 21 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit www.hfflp.com or follow HFF on Twitter at www.twitter.com/hff.

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