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Goldman Sachs Acquires 370-Unit Apartment Community in Metro Houston

Retreat-at-Shadow-Creek-Ranch-Pearland

Retreat at Shadow Creek Ranch in Pearland totals 370 units. The property was built in 2013.

PEARLAND, TEXAS — Goldman Sachs Asset Management (GSAM) Private Real Estate has acquired Retreat at Shadow Creek Ranch, a 370-unit multifamily community located in the southwestern Houston suburb of Pearland. Built in 2013, the property is situated near Texas Medical Center and features one-, two- and three-bedroom units. Amenities include a pool, fitness center, game room, media room, dog park and a playground. GSAM plans to implement a value-add program to upgrade unit interior’s kitchens and bathrooms, as well as the property’s common areas. Ryan Epstein and Jennifer Ray of Berkadia represented the seller, Inland Private Capital Corp., in the transaction.

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