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Kip Sowden Of RREAF Holdings And Clayton DeGiacinto Of Axonic Capital Acquire 510-Unit Aura Westchase In Houston

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SOLD

Texas

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Sold 01/16/2026
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Kip Sowden Of RREAF Holdings And Clayton DeGiacinto Of Axonic Capital Acquire 510-Unit Aura Westchase In Houston

2828 Hayes Road

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MultiFamily
Sold 01/16/2026
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Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the acquisition of a multifamily property known as 2828 at Royal Oaks, located at 2828 Hayes Road in Houston's Westchase. The asset consists of 510 units and was part of a foreclosure due to a loan default amounting to $65.2 million. The acquiring parties aim to implement a repositioning and capital improvement program for the garden-style community.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: Not specified
  • Units: 510
  • Address: 2828 Hayes Road
  • Market: Houston
  • Buyer: Kip Sowden - RREAF Holdings
  • Buyer: Clayton DeGiacinto - Axonic Capital

RREAF Holdings partnered with Axonic Capital for this acquisition, marking RREAF’s first investment in Texas since 2021. They plan to manage the community through their in-house property platform and have renamed it Aura Westchase following the repositioning plans.

Players

KS
Kip Sowden
5 deals$364.4M volume
BUYER
Axonic Properties
Axonic Properties
BUYER

Details

SOLD
IMAGE: Kip Sowden & Clayton DeGiacinto DATE: 01/16/2026 ADDRESS: 2828 Hayes Road MARKET: Houston ASSET TYPE: Multifamily ~ UNITS: 510 BUYER: Kip Sowden (@Sowdenkip) - RREAF Holdings (@RREAF_Holdings); Clayton DeGiacinto - Axonic Capital NOTE: RREAF Holdings, in partnership with Axonic Capital, acquired the 510-unit 2828 at Royal Oaks in Houston’s Westchase following a foreclosure tied to a $65.2 million loan default by Colony Hills Capital.The joint venture plans a repositioning and capital improvement program for the garden-style community—RREAF’s first Texas investment since 2021—renaming it Aura Westchase and managing it through its in-house property platform.

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