12ten Capital Acquires 180-Unit Multifamily Property In Houston From Interurban Companies

The transaction involves the sale of a multifamily property located at 16160 Kieth Harrow Boulevard in Houston, TX, comprising 180 units. The asset was sold by Interurban Companies to 12ten Capital. The loan for the buyer was arranged through Santander, facilitating the acquisition of the property built in 1984.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: Undisclosed
• Units: 180
• Address: 16160 Kieth Harrow Boulevard
• Market: Houston, TX
• Buyer: 12ten Capital
• Seller: Interurban Companies
• Brokers: Kyle Whitney, Chris Curry, Jeffrey Skipworth, Chris Young, Joey Rippel, Jed Dalton & Tucker Fama - Berkadia
• Lender: Santander
• Mortgage Brokers: Brad Williamson, Mitch Sinberg, Scott Wadler & Matthew Robbins - Berkadia

Berkadia facilitated the financing and sale process, reflecting consistent investor interest in workforce housing within established Houston areas. The transaction showcases the stable fundamentals and value-add opportunities present in the multifamily market.