Western Wealth Capital Acquires Lakes Of 610 Multifamily In Houston For $19.7M

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.