Thursday, February 25, 2016

HFF closes sale of 270-unit apartment community in south Houston, TX

Ranch at City Park, 11900 City Park Central Lane, South Houston, TX

Chris Curry
HOUSTON, TX – Feb. 25, 2016 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of Ranch at City Park, a 270-unit, Class A multi-housing community in south Houston.

HFF marketed the property exclusively on behalf of the seller, Gaia Real Estate.  A Chicago-based private equity group purchased the asset for an undisclosed amount.

Ranch at City Park is situated on 13.76 acres at 11900 City Park Central Lane, approximately 10 miles south of Houston’s central business district. 

In addition to its location along Highway 288, the property provides nearby access to other major thoroughfares including Beltway 8, Loop 610, the Fort Bend Parkway Toll Road and Highway 90. 

The property has one- and two-bedroom units averaging 893 square feet each and features amenities including a resort-style swimming pool, outdoor fireplace, picnic and grilling area, 24-hour fitness center, clubhouse, game room with billiards table, theater room, cyber café and detached garages.

The HFF investment sales team representing the seller was led by managing director Chris Curry, senior managing directors Todd Stewart and Todd Marix and associate director JC Clemens.

 For a complete copy of the company’s news release, please contact:

Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax 713.527.8725 |

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