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Berkadia Negotiates Sale of 346-Unit Apartment Community in Metro Houston

Alexan-Auburn-Lakes-Spring-Texas

In September, Berkadia arranged the sale of Alexan Auburn Lakes, a 346-unit community in metro Houston. Multifamily investors are looking to get back into the Houston market as hiring picks up in the oil and gas sectors.

SPRING, TEXAS — Berkadia has negotiated the sale of Alexan Auburn Lakes, a 346-unit multifamily community in Spring, a northern suburb of Houston. Built in 2015, the property offers one-, two- and three-bedroom units and amenities such as two pools, a dog park, lake and running trails. 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. Tucker Knight and Nick Murphy of Berkadia secured an undisclosed amount of acquisition financing for the deal on behalf of the buyer, Fort Worth-based Olympus Property.

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