facebook

traded

+ Submit
Home

/

Deals

/

Texas

/

Multifamily

/

Sale

/

16848 West Lake Houston Par...

Terrain Capital Partners Acquires 320-Unit Multifamily Community In Humble From Equus Capital Partners
SOLDMultiFamily

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

Jennifer Ray

Walker & Dunlop

Broker

8 deals

Broker
TP
Terrain Capital PartnersBuyer

Humble MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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