Saturday, August 27, 2016

HFF closes sale of Class A multi-housing community in suburban Houston, TX

Woodland Hills, 3918 Atascocita Road, Humble, TX

Chris Curry
HOUSTON, TX –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the sale of Woodland Hills, a 282-unit, Class A multi-housing community in the northeast Houston suburb of Humble, Texas.

HFF marketed the property exclusively on behalf of the seller, a joint venture between KKR and Crossbeam Concierge.  Interurban Corporation purchased the asset for an undisclosed amount.

Woodland Hills is located at 3918 Atascocita Road within a 15-minute drive of Generation Park, a deed-restricted, 4000-acre master-planned development that will include the FMC Technologies headquarters campus and the 52-acre Redemption Square corporate lifestyle district.

 Completed in 2009, the property has had an average occupancy above 92 percent during the past two years.  The gated, garden-style community has units averaging 880 square feet each and amenities, including a swimming pool with sundeck, fitness center, clubhouse, lounge and business center.

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.

Todd Stewart
“The Woodland Hills sale is indicative of the type of product that is finding success in the Houston market today – Class A and B assets in suburban locations with a low reproduction cost,” said Curry.  

“The interest in Woodland Hills began building immediately, and it went under contract before it was even formally launched to the market, a scenario that was mutually beneficial for all parties involved.”

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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