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CBRE Arranges Sale of 576-Unit Apartment Community in Houston

Madison-Park-Apartments-Houston

Madison Park Apartments in Houston was 91 percent occupied at the time of sale.

HOUSTON — CBRE has arranged the sale of Madison Park Apartments, a 576-unit multifamily community located in the Westchase area of Houston. Floor plans comprise one-, two- and three-bedroom units ranging in size from 758 to 1,428 square feet. Amenities include four pools, two fitness centers, two playgrounds, onsite laundry facilities, a dog park and a large central park. Clint Duncan and Matt Phillips of CBRE represented the seller in the transaction. Michael Thompson of CBRE arranged an undisclosed amount of acquisition financing on behalf of the buyer, a partnership between TRI Consulting, Next Investments and TPEG.

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