Mosaic Residential Inc Acquires MultiFamily In Houston From Matthew Phillips

The Club at Stablechase is a multifamily complex located at 13504 Schroeder Rd, Houston, TX. Built in 1999, the property consists of 148 units, featuring one-, two-, and three-bedroom options with an average size of 1,012 square feet. The property includes amenities such as a business center and a 24-hour fitness center, and it was 90 percent occupied at the time of sale.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Undisclosed
• Address: 13504 Schroeder Rd, Houston, TX
• Market: Houston
• Seller's Representative: Matthew Phillips - Bussel Realty
• Buyer: Mosaic Residential Inc
• Former Owner: CFH Investment Partners
• Occupancy Rate at Sale: 90 percent

Matt Phillips and Clint Duncan of CBRE represented the seller in this transaction. The deal involved the transfer of a multifamily asset within the Champions area of Houston, showcasing the involvement of Houston-based Mosaic Residential Inc. as the buyer.