facebook
Traded Co logo
Submit
Daily limit: 0/10

Bluebird Acquires 376-Unit Multifamily Property In Baytown From Knightvest Capital

Property Image
SOLD
Tip Strickland
Zach Springer
David Moore

Texas

See Similar Deals
MultiFamily
Sold
the dealplayerscompscontact
Property Image
SOLD

Bluebird Acquires 376-Unit Multifamily Property In Baytown From Knightvest Capital

619 Rollingbrook Street

See Similar Deals
MultiFamily
Sold
Tip Strickland
Zach Springer
David Moore
the dealplayerscompscontact
Contact now

Summary

TEXAS
Asset Type:MultiFamily
Transaction Type:Sale

Stone Brook, a 376-unit multifamily property located at 619 Rollingbrook Drive in Baytown, Texas, has been sold. The sale of the property was arranged by Newmark, a leading real estate advisory firm. Bluebird, represented by Phil Horlock, purchased the property from Knightvest Capital, represented by David Moore. The transaction was facilitated by Zach Springer of Newmark. Stone Brook is a highly sought-after multifamily asset in the Baytown market.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: Not available
  • Address: 619 Rollingbrook Drive, Baytown, Texas
  • Market: Baytown
  • Units: 376

Phil Horlock, acting on behalf of Bluebird, acquired Stone Brook, adding it to their real estate portfolio. The sale was expertly negotiated by Zach Springer of Newmark. Additionally, financing for the acquisition was secured through Freddie Mac, with Tip Strickland of Newmark acting as the mortgage broker.

Players

Zach Springer
Newmark
Zach Springer
7 deals$1.9B volume
BROKER
Tip Strickland
Newmark
Tip Strickland
1 deal
BROKER
David Moore
Knightvest Capital
David Moore
11 deals$81.2M volume
SELLER

Details

SOLD
IMAGE: Phil Horlock, David Moore, Zach Springer & Tip Strickland DATE: 10/05/2023 ADDRESS: 619 Rollingbrook Drive MARKET: Baytown ASSET TYPE: Multifamily ~ UNITS: 376 BUYER: Bluebird - Phil Horlock SELLER: Knightvest Capital - David Moore BROKER: Zach Springer - Newmark (@Newmark) MORTGAGE BROKER: Tip Strickland (@Tip.Strickland) - Newmark NOTE: Newmark has arranged the sale and financing of Stone Brook, a 376-unit multifamily property in Baytown, Texas. The sale was represented by Zach Springer, and financing was secured through Freddie Mac by Tip Strickland on behalf of the buyer, Bluebird.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00