F&B Capital Acquires Property From Trammell Crow With JLL Brokers In Houston

The property asset involved in this transaction is the Alexan Enclave, a 354-unit apartment community located at 13411 Briar Forest Dr, Houston, TX. The mid-rise property, built in 2014, consists of two four-story buildings and a six-story parking garage. Units within the community average 909 square feet, featuring open-concept floor plans and high-end finishes, such as high ceilings, stainless steel appliances, granite countertops, and hardwood cabinetry. The property also includes a variety of amenities, including a pool, covered outdoor kitchen, dog park, pet wash station, a resident clubhouse, and a business center.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not Listed
• Address: 13411 Briar Forest Dr, Houston, TX
• Market: Houston
• Buyer: F&B Capital
• Seller: Trammell Crow
• Buyer's Representatives: Matt Kafka, Cameron Cureton (JLL)
• Seller's Representatives: Bailey Crowell (JLL), Chris Young (Compass)

JLL facilitated the sale and financing of the Alexan Enclave on behalf of F&B Capital, provided acquisition financing for the transaction. The sellers, Trammell Crow Residential and Cigna Investment Management, were represented by Todd Marix, Chris Curry, and Bailey Crowell from JLL, while the buyer was represented by Cameron Cureton and Matt Kafka, also from JLL.