Western Wealth Capital Acquires Lakes Of 610 Multifamily In Houston For $19.7M
SOLD
Texas
See Similar DealsMultiFamily
Sold 10/08/2019
SOLD
Western Wealth Capital Acquires Lakes Of 610 Multifamily In Houston For $19.7M
2701 W Bellfort Ave, Houston, TX, 77...
See Similar DealsMultiFamily
Sold 10/08/2019
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily asset at 2701 W Bellfort Ave in Houston, TX, known as Lakes of 610, was sold in a transaction arranged by Berkadia. The property, built in 1983, consists of 276 units featuring one- and two-bedroom layouts. Amenities include mirrored closet doors, private balconies, patios, a pool, spa, and 24-hour maintenance service.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: Not disclosed
- Address: 2701 W Bellfort Ave, Houston, TX
- Market: Houston
- Seller's Rep: Ryan Epstein (Walker & Dunlop)
- Buyer: Western Wealth Capital
Jennifer Ray and Ryan Epstein of Berkadia represented the seller, Starwood Capital Group, in the sale of Lakes of 610. Andy Hill, also from Berkadia, facilitated a $19.7 million Freddie Mac acquisition loan for the buyer, Western Wealth Capital, who plans to carry out a value-add program at the property.
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