TPEG Acquires MultiFamily Property In Houston For $Price

The sale involves Madison Park Apartments, a multifamily community located at 9801 Meadowglen Ln, Houston, TX. The asset consists of 576 units with floor plans including one-, two-, and three-bedroom units sized between 758 and 1,428 square feet. The property features amenities such as four pools, two fitness centers, two playgrounds, onsite laundry facilities, a dog park, and a large central park. The transaction took place in the Houston market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: Not disclosed
• Address: 9801 Meadowglen Ln, Houston, TX
• Seller's Representative: Matthew Phillips-Bussel Realty
• Buyer: TPEG
• Seller: Unknown

Clint Duncan and Matt Phillips of CBRE facilitated the representation of the seller in the transaction. Additionally, Michael Thompson of CBRE arranged acquisition financing for the buyer, which is a partnership between TRI Consulting, Next Investments, and TPEG.