CBRE/Melody keeps cash rolling for projects throughout country.

Mike Riccio, senior director in CBRE Melody's Hartford office, arranged three apartment loans for three class A communities totaling $110.9 million.

Funding was provided on behalf of an affiliate of Crow Holdings by CIGNA Realty Investors.

The financing package included three separate non cross-collateralized loans that closed simultaneously with the acquisition. Riccio, in conjunction with Tom Fish and Holly Minter from the Houston Office, secured $38.3 million financing for the acquisition of Estates at Memorial Heights located in Houston, TX. The Estates at Memorial Heights was completed in 2001 by The Morgan Group, a well-regarded developer of quality apartment projects.

Tracy Kennedy, from the Austin Office, and Riccio were exclusively retained to secure the $28.9 million loan for The Preserve at Rolling Oaks, a class A community near Austin, TX, containing a total of 494 units that was completed in 2001.

Riccio, working with Mike Easter from the Denver Office, arranged $42.8 million financing for the acquisition of Crest at Lone Tree, a multifamily building in Colorado. Built in 2003, Crest at Lone Tree is one of the top properties in the Denver market. The building contains a total of 400 apartment units and 9,500 s/f of amenity retail space.

According to Riccio, "This was a fabulous transaction for all parties. The Lender, CIGNA Realty Investors, aggressively pursed the business and worked quickly to meet the tight acquisition timeframes."

Riccio was also involved in arranging a $22 million dollar fixed rate loan for a five-year term with two years I/ O, then 30-year AMO on behalf of Talcott III Thousand Oaks Limited Partnership.

Riccio, along with Tom Melody and Steve Shumake from the Houston Office, were exclusively retained to secure the loan for Thousand Oaks Business Center in Memphis, TN.

Talcott III Thousand Oaks Limited Partnership purchased the property from Glenborough Properties.

According to Riccio, "AEGON USA Realty Advisors, Inc. provided an aggressive and flexible loan structure that allows for more proceeds as leasing occurs. "This was the first deal completed between Talcott and Aegon both parties felt that this transaction was efficiently executed."