The transaction involves the sale of Timberwalk, a 300-unit apartment community located at 5635 Timber Creek Pl Dr, Houston, TX. Built in 1983, the property includes a variety of unit types: one, two, and three-bedroom units ranging from 501 to 1,088 square feet. The property features amenities such as two pools, a fitness center, playground, outdoor grilling and dining areas, and onsite laundry facilities.

Summary of transaction details:

• Property Type: Apartment Community
• Transaction Amount: Not specified
• Market: Houston
• Seller's Representative: Kyle Whitney, Chris Curry, Jeffrey Skipworth, Joey Rippel - Berkadia
• Brokers: Chris Young - Compass
• Buyer: Lone Star Capital
• Square Footage: 0

The sale was facilitated by Berkadia, with Chris Young from Compass acting as the broker. The buyer, Lone Star Capital, based in New York City, was represented in securing acquisition financing by Johnny King of Berkadia. The seller was Performance Properties, a Dallas-based company.