REBusinessOnline

HFF Negotiates Sale of 322-Unit Apartment Community in Houston’s Uptown District

WaterWall-Place-Houston

WaterWall Place in Houston totals 322 units. The property was completed in 2014.

HOUSTON — HFF has negotiated the sale of WaterWall Place, a 322-unit multifamily community located in Houston’s Uptown area. Completed in 2014, the property features one- and two-bedroom units and amenities such as a pool, fitness center, coffee bar, outdoor grilling area and private resident lounge. Todd Marix, Chris Curry and Estee Ibanez of HFF represented the seller, Hines, in the transaction. The buyer was multifamily investment and management firm HASTA Capital, which acquired the asset free and clear of existing debt. Matt Kafka and Kelly Layne of HFF arranged an undisclosed amount of fixed-rate acquisition financing for the deal through Barings Real Estate.

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