The property involved in the transaction is Alexan Auburn Lakes, a 346-unit multifamily community located at 6000 W Rayford Rd, Spring, TX, 77389. Built in 2015, the property features one-, two- and three-bedroom units along with amenities such as two pools, a dog park, a lake, and running trails. Berkadia negotiated the sale of this property.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Undisclosed
• Market: Spring
• Seller's Reps: Ryan Epstein (Walker & Dunlop), Scott Bray (CBRE), Wes Breeding (Berkadia)
• Buyer: Olympus Property
• Seller: Trammell Crow

Ryan Epstein, Jennifer Ray, Wes Breeding, and Scott Bray of Berkadia represented the seller, a partnership between Trammell Crow Residential and Prime Property Investors, in the transaction. Additionally, Tucker Knight and Nick Murphy of Berkadia facilitated the acquisition financing for the buyer, Olympus Property, based in Fort Worth.