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
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