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| Preserve at Goose Creek (formerly known as Camden Baytown) |
HOUSTON, TX – HFF announced today that it has closed the
sale of and arranged financing for Preserve at Goose Creek (formerly known as
Camden Baytown), a 272-unit multi-housing community in the eastern Houston
suburb of Baytown.
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| Craig LaFollette |
HFF
marketed the property on behalf of the seller, Camden Property Trust. Allen Harrison Company, LLC purchased the
property with the assistance of a 10-year fixed-rate loan that HFF secured
through Freddie Mac (Federal Home Loan Mortgage Corporation).
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| Todd Stewart |
The securitized loan will be serviced
through HFF’s Freddie Mac Program Plus® seller/servicer program.
Preserve at Goose Creek is situated on a 13-acre site at 2100 West Baker
Road, close to the Port of Houston and the ExxonMobil Chemical Baytown
campus.
The 95 percent leased property
has 16 buildings with one-, two- and three-bedroom units averaging 844 square
feet each. Community amenities include
a resort-style swimming pool, fitness center, picnic area with BBQ grills and
business center.
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| Todd Marix |
The HFF investment sales team representing the seller
included senior managing directors Craig LaFollette, Todd Stewart and Todd
Marix, and directors Tre Banks and Chris Curry.
The HFF team representing Allen Harrison Company, LLC was
led by director Cortney Cole.
 |
| Tre T. Banks |
Camden Property Trust is one of the largest publicly traded
multifamily companies in the United States.
Structured as a Real Estate Investment Trust (REIT), the company is
engaged in the ownership, development, acquisition, management, and disposition
of multifamily residential apartment communities. Camden's workforce totals
nearly 1,800 employees, and the company is headquartered in Houston, Texas.
Allen Harrison Company is a privately-held real estate
investment and services firm focused on the acquisition, development, and
construction of multifamily assets.
 |
| Chris Curry |
The firm provides superior value to a wide
range of investors including high net worth individuals, family offices and
institutional capital partners. Founded
in 2010 by Will Harper and Paul Forbes, Allen Harrison Company is headquartered
in Houston, Texas.
Contact:
Kristen M. Murphy
Associate Director
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3500 | cel 617.543.4873 | fax 713.527.8725 | www.hfflp.com
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