NorthMarq Arranges Sale Of 659-Unit Urban Palms In Houston To Undisclosed Buyer
SOLD
Texas
See Similar DealsMultiFamily
SOLD
NorthMarq Arranges Sale Of 659-Unit Urban Palms In Houston To Undisclosed Buyer
8701 Town Park Dr, Houston, TX, 77036
See Similar DealsMultiFamily
Summary
TEXAS
Asset Type:MultiFamily
Transaction Type:Sale
The Urban Palms is a 659-unit apartment community located at 8701 Town Park Dr, Houston, TX, 77036 in the Chinatown area of West Houston. Built in 1979 and renovated in 2017, the property offers units with energy-efficient appliances, washer/dryer connections, and private balconies/patios. Amenities at Urban Palms include two pools, a fitness center, business center, playground, grilling and picnic areas, and onsite laundry facilities.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: Undisclosed
- Seller's Representative: Scott LaMontagne (NorthMarq)
- Buyer: Undisclosed
Justin Chambers, Scott LaMontagne, Joel Heikenfeld, James Currell, and Emily Balazik were key individuals in the sale of Urban Palms. NorthMarq represented the seller and the buyer in the transaction, with additional assistance from Heikenfeld, Currell, and Balazik in arranging acquisition financing and joint venture equity.
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