CBRE Brokers Facilitate Sale Of MultiFamily Asset In Houston To Unnamed Buyer

The transaction involved the sale of multifamily properties, specifically 15335 Park Row, Houston, TX, 77084. This property is part of a larger asset group totaling 602 units in the Houston market. The properties include Spencer Park Row, a 390-unit community in Katy, built in 2002, and Tranquility Lakeside, a 212-unit complex in Pearland, built in 2004. The units range from one to three bedrooms.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not Disclosed
• Address: 15335 Park Row, Houston, TX, 77084
• Market: Houston
• Buyer's Representative: James D’Argenio, Chang Liu - Bascom Group
• Seller's Representative: Clint Duncan, Matt Phillips - CBRE
• Borrower's Representatives: Michael Thompson - CBRE, Travis Fincher - CBRE

CBRE facilitated the transaction, representing the undisclosed seller, while Bascom Group, an investment firm based in California, was represented by James D’Argenio and Chang Liu. Financing for the acquisition was arranged by Michael Thompson and Travis Fincher, involving a fund backed by Oaktree Capital.