Venterra Realty Secures $46M Loan For Acquisition Of Cendana District West Multifamily Property In Richmond

Venterra Realty has secured a $46 million financing from Natixis to acquire Cendana District West, a 349-unit multifamily property located at 7303 South Peek Road in Houston's Richmond suburb. The Class-A complex offers a range of amenities, including a movie theater and fitness center. This acquisition aligns with Venterra's extensive portfolio of over 80 multifamily communities valued at $4.8 billion across 19 states.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $46,000,000
• Units: 349
• Market: Richmond

The loan for this acquisition was provided by Natixis, a reputable lender. John Foresi, representing Venterra Realty, played a key role as the landlord in this deal. The brokerage services for this transaction were handled by Daniel Strickane and Deon Green from NorthMarq. Together, they facilitated the successful acquisition of Cendana District West, marking another milestone in Venterra Realty's growing portfolio.