Updated Mar 23, 2026
Bridge Partners Acquires 354-Unit Multifamily Property In Houston From RPM Living
13411 Briar Forest Drive, Houston, Texas 77077, United States
Units
354
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
Bridge Partners has acquired a multifamily property located at 13411 Briar Forest Drive in Houston. The property consists of 354 units and was sold by RPM Living. The transaction, which took place on 04/07/2022, was facilitated by brokers Chris Curry, Todd Marix, Jeffrey Skipworth, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia. Clay Akiwenzie from Berkadia served as the mortgage broker for the deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not available
The acquisition of the property on 13411 Briar Forest Drive in Houston was completed by Bridge Partners. The sellers, RPM Living, facilitated the transaction with the assistance of brokers Chris Curry, Todd Marix, Jeffrey Skipworth, Chris Young, Joey Rippel, and Kyle Whitney from Berkadia. Clay Akiwenzie from Berkadia served as the mortgage broker.
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MultiFamily
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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