Holliday Fenoglio Fowler Named Exclusive Agent for the Sale of Two Western Rim Luxury Communities in Texas

DALLAS--(BUSINESS WIRE)

Holliday Fenoglio Fowler, L.P. was named exclusive agent for the sale of two luxury multifamily communities in Texas on by Western Rim Investment Advisors, Inc. Senior Managing Director Matthew Lawton of the Chicago office and Director David Nachison of the Washington office will market The Mansions at Coyote Ridge Country Club in Carrollton, Texas and The Mansions at Steiner Ranch Spa and Resort in Austin, Texas. These communities are being offered separately and on a free-and-clear basis allowing purchasers to take full advantage of the favorable financing opportunities available today.

The Mansions at Coyote Ridge, offered at $68 million, is located north of the Dallas/Fort Worth International Airport in the northwest Dallas market. The property, completed in 2000, has 528 units averaging 1,327 square feet and features one- and two-car private attached garages. Notable interior unit features include formal entrances, crown molding in the living and dining rooms, a marble entry, kitchen and bathroom floors and wood-burning fireplaces, and surround-sound wiring.

The Mansions at Steiner Ranch, offered at $63 million, is located in an all-inclusive, 4,400-acre master planned development on Lake Travis. The neighborhood has ten golf courses, nineteen marinas, eight boat launches and fifteen parks. The Mansions at Steiner Ranch is comprised of 502 units averaging 1,500 square feet and includes one- and two-car private attached garages. Unit features include built-in surround sound wiring, crown molding in the living and dining rooms, a marble entry, kitchen and bathroom floors and wood-burning fireplaces, ten-foot ceilings, multimedia built-ins and built-in computer workstations and desks. The property has won a number of awards including "One of the 10 Best Places to live in the United States," which appeared in Money Magazine's November 2002 issue.

"These communities have the finest unit features, amenity packages and on-site services I have seen in my entire career," said Lawton.

Western Rim Investment Advisors, Inc. is part of the Western Rim Group, which acts as a pension fund manager and fiduciary to Fortune 500 companies and high net worth individuals specializing in developing, acquiring and adding value to property in the southwestern United States.

With 18 offices nationwide, Holliday Fenoglio Fowler, L.P. is one of the country's largest real estate capital intermediaries. Since 1998, the firm has capitalized debt, private equity, structured finance and investment sales transactions of more than $63 billion.

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