MultiFamily Property At 12601 S Green Dr Houston Sold With Seller's Reps Ryan Epstein And Scott Bray

The property involved in the transaction is Magnolia Grove, a 268-unit apartment community located at 12601 S Green Dr, Houston, TX, 77034, within the Houston market. This multifamily asset was built in 1984 and includes one- and two-bedroom units. Amenities offered at the property comprise a pool, fitness center, resident clubhouse, and an outdoor grilling area.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 12601 S Green Dr, Houston, TX, 77034
• Market: Houston
• Seller's Representatives: Ryan Epstein - Walker & Dunlop, Scott Bray - CBRE
• Buyer: Unknown

Ryan Epstein, Jennifer Ray, and Scott Bray of Berkadia were responsible for representing the seller, Dallas-based Lantower Residential, in this transaction. Additionally, John Koeijmans and Austin Blankenship of Berkadia arranged a 10-year, floating-rate acquisition loan through Freddie Mac for the buyer, who is also based in Dallas.