Hamilton Zanze Sells 309-Unit Multifamily Community Villages At Parktown In Deer Park
500 West Pasadena Boulevard
Building Size
—
Asset Type
MultiFamily
Closing
Dec 19, 2025
AI
The property asset involved in this transaction is a multifamily community known as Villages at Parktown, located at 500 West Pasadena Boulevard in Deer Park, Texas. This garden-style community encompasses 309 units, featuring residences with one to four bedrooms, and sizes ranging from 810 to 1,600 square feet. The community is equipped with amenities such as an Olympic-sized pool, fitness center, and playground, along with upgraded units that include modern finishes.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: Not disclosed
- Units: 309
- Address: 500 West Pasadena Boulevard
- Market: Deer Park
- Seller: Kurt Houtkooper - Hamilton Zanze
- Acquisition Date by Seller: May 2014
- Sale Closing Date: December 19, 2025
The key individuals involved in this transaction include Kurt Houtkooper representing Hamilton Zanze, which previously acquired the property in May 2014 and has sold it on December 19, 2025. This transaction showcases the strategic movement within the multifamily asset marketplace under the representation of Hamilton Zanze.
Deer Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93