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| Todd Marix |
HOUSTON, TX – HFF announced it has closed the sale of and
arranged financing for The Lodge at Kingwood, a 312-unit, Class A
garden-style multi-housing community in Kingwood, Texas.
HFF
marketed the property on behalf of the seller, Altis AJU Kingwood, LLC, a
subsidiary of Altis, LLC. DPR Kingwood, LLC purchased the asset for an
undisclosed amount. In addition, HFF’s
debt placement team secured financing on behalf of the buyer through M&T
Realty Capital Corporation.
The Lodge at Kingwood is situated on
14.75 acres at 938 Kingwood Drive, approximately 23 miles north of Houston’s
central business district.
Completed in
1999, the property is 95 percent leased and consists of one- and two-bedroom
units averaging 877 square feet each.
Community amenities include a swimming pool, newly-renovated fitness
center, barbecue and picnic areas, resident lounge with billiards table, cyber
café and 32-seat movie theater.
 |
| Todd Stewart |
The
HFF investment sales team representing the seller was led by director Tre Banks
along with senior managing directors Todd Marix and Todd Stewart
and director Chris Curry.
HFF’s debt placement team was led by associate director Corby
Chaffin.
For a complete copy of the company’s news release, please
contact:
Olivia Hennessey
Public Relations Coordinator
HFF | 9 Greenway Plaza, Suite 700 | Houston, TX 77046
tel 713.852.3403 | fax 713.527.8725 | www.hfflp.com
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