Terrain Capital Partners Acquires 320-Unit Multifamily Community In Humble From Equus Capital Partners
16848 West Lake Houston Parkway
Building Size
—
Asset Type
MultiFamily
Closing
Oct 1, 2025
AI
The Parkway is a 320-unit garden-style multifamily community located at 16848 West Lake Houston Parkway in Humble, Texas. This property is part of the multifamily asset category and was sold as part of a transaction that marks a significant movement in the local real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 320
- Address: 16848 West Lake Houston Parkway
- Market: Humble
- Buyer: Terrain Capital Partners
- Seller: Andrew Holloway, Mike Brower, Scott Miller & Anthony Gugluizza - Equus Capital Partners
- Broker: Jennifer Ray & Ryan Epstein - Walker & Dunlop
- Sale Date: 10/01/2025
Walker & Dunlop's Jennifer Ray and Ryan Epstein represented Equus Capital Partners in the sale of The Parkway to Terrain Capital Partners, a company based in Austin. This completed transaction was executed on behalf of Equus Investment Partnership XI.
Players
Humble MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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