REBusinessOnline

HENDRICKS & PARTNERS BROKERS 266-UNIT SALE

HOUSTON — Hendricks & Partners (H&P) has brokered the sale of the Lenox Court multifamily community in Houston. The property contains 266 units and is situated at 10534 Beechnut St. The transaction involved the sale of the promissory note secured by the property, which was subsequently foreclosed on by the buyer, Dallas-based Villa Adora. Greg Austin, Chip Nash and Jim Hearn of H&P's Houston office, along with Tom Burns and Jay Gun of the firm's Dallas office, represented the buyer. The seller was Los Angeles-based SunAmerica Life Insurance Co. The buyer plans to complete renovations to the property this year.

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