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1822 Barker Cypress Rd
SOLD

MC Cos Acquires MultiFamily Property In Houston From Matthew Phillips Of Bussel Realty

1822 Barker Cypress Rd

MultiFamily
clock iconSold 239 days ago
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Summary

Sale
TEXAS
MultiFamily

The Enclave at Cypress Park and Paramount are two adjacent apartment communities located at 1822 Barker Cypress Rd in Katy, Texas. Enclave at Cypress Park consists of 384 units, while Paramount Apartments comprises 264 units. The properties offer a mix of one-, two-, and three-bedroom units, along with amenities such as pools, fitness centers, spas, and resident clubhouses. The new ownership, MC Cos, plans to combine and rebrand the properties as The Place at Barker Cypress and implement a value-add program to enhance unit interiors and amenity spaces.

Summary of transaction details:

Clint Duncan and Matt Phillips of CBRE represented the undisclosed sellers in the transactions, while Michael Thompson of CBRE arranged acquisition financing through MF1 Capital on behalf of MC Cos. The acquisition marks MC Cos' strategic investment and development move into the Houston market, aiming to revamp and reposition the properties for improved market appeal as The Place at Barker Cypress.

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Matthew Phillips's profile picture
Matthew Phillips
Bussel Realty-image
Associate

Details

Deal Summary
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SOLD
IMAGE: 1822 Barker Cypress Rd, Houston, TX... MARKET: Houston ASSET TYPE: MultiFamily SELLER'S REP: Matthew Phillips(Bussel Realty) BUYER: MC Cos

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Address1822 Barker Cypress Rd

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