Lone Star Capital Purchases Property In Houston Represented By Berkadia And Compass Brokers

The property asset involved in the transaction is a 228-unit apartment complex known as 5 Oaks, located at 18203 Westfield Pl Dr, Houston, TX. The complex features one- and two-bedroom units, ranging in size from 464 to 1,043 square feet, with in-unit washers and dryers and private balconies/patios. Amenities include a clubroom with social areas, a pool with a sundeck and cabanas, a resident kitchen with a coffee bar, a dog park, a fitness center, a business center, and package lockers. The market is identified as Houston.

Summary of transaction details:

• Property Type: Apartment complex
• Transaction Amount: Not specified
• Address: 18203 Westfield Pl Dr, Houston, TX
• Seller's Representatives: Kyle Whitney, Chris Curry - Berkadia, Chris Young - Compass, Todd Marix, Joey Rippel - Berkadia
• Buyer: Lone Star Capital
• Market: Houston

The deal involved multiple representatives from Berkadia who managed the transaction for the seller, Haven Realty Capital based in Los Angeles. Additionally, Johnny King of Berkadia originated acquisition financing on behalf of the buyer, Lone Star Capital, which is based in New York.