The property involved in the transaction is a multifamily asset consisting of 292 units located at 700 West Cavalcade Street in Houston. The property spans across 8 acres and was built in 2020. The acquisition was financed with a loan provided by Pacific Coast Capital Partners.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $38.7 million
• Units: 292
• Acres: 8
• Location: 700 West Cavalcade Street, Houston
• Buyer: Greg Finch - Hilltop Residential
• Seller: Duncan Osborne - Willow Bridge Property Co.
• Lender: Pacific Coast Capital Partners (PCCP)

Hilltop Residential, represented by Greg Finch, has successfully acquired the Lincoln Heights community, marking a significant transaction in the Greater Heights submarket of Houston. The seller, Duncan Osborne of Willow Bridge Property Co., facilitated the transaction amidst increased multifamily activity in the Houston market, which has seen nearly $2.8 billion in sales year-to-date.