December 15, 2020
Berkadia prepared the sale of Chartwell Court, a 243-unit garden design area in north Houston. Elderly managing director Ryan Epstein, elderly supervisor Jennifer Ray and associate director Scott Bray of Berkadia’s Houston workplace noted the residential or commercial property in support of Los Angeles-based National Possession Services. The customer is San Antonio-based REEP Equity.
“The residential or commercial property’s significant value-add upside and also the lack of brand-new building in the area highlighted a proven possession with principles to preserve high occupancy,” stated Epstein. “Without any conventional homes in lease-up, unfinished or proposed within proximity of the area, Chartwell Court reflects Houston’s advantageous multifamily market.”
Built in 1995, Chartwell Court is situated at 15100 Ella Blvd. One- and also two-bedroom devices averaging more than 1,000 square feet include walk-in storage rooms, faux-wood flooring, full-size washer/dryer and personal patio/balcony with storage. The pet-friendly area includes a pool, clubhouse, specialist company center, gym as well as social locations with grills.
For remarks, inquiries or concerns, please call Paul Bubny