facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

10221 Centrepark Drive

Adam Schwartz Of TPG Angelo Gordon Acquires 432-Unit Lodge At Spring Shadows From Jason Johnson For $43.9M
SOLDMultiFamily

Adam Schwartz Of TPG Angelo Gordon Acquires 432-Unit Lodge At Spring Shadows From Jason Johnson For $43.9M

10221 Centrepark Drive

Building Size

Asset Type

MultiFamily

Closing

Dec 9, 2025

AI

The Lodge at Spring Shadows, a multifamily property located at 10221 Centrepark Drive in Houston, has 432 units and was built in 2009. This pet-friendly community offers one- to three-bedroom units and extensive amenities, providing convenient access to I-10, I-610, retail, and downtown Houston.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not disclosed
  • Buyer: Adam Schwartz - TPG Angelo Gordon
  • Seller: Jason Johnson - MetroNational
  • Lender: Goldman Sachs
  • Loan Amount: $43.9 million
  • Loan Maturity: 2028
  • Extension Option: 2030

Adam Schwartz represents TPG Angelo Gordon in this transaction, acquiring the property from Jason Johnson, who represents MetroNational. The financing for the purchase was arranged through Goldman Sachs, highlighting key institutional involvement in the deal.

Players

Angelo Gordon & Co.
Angelo Gordon & Co.Buyer

Jason Johnson

MetroNational

Seller

4 deals

Seller
Goldman Sachs
Goldman SachsLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93