HFF ARRANGES SALE OF 456-UNIT MULTIFAMILY PROPERTY IN HOUSTON

by admin

HOUSTON — HFF has arranged the sale of Westchase Creek, a 456-unit multifamily property in Houston’s Westchase District. HFF also secured a fixed-rate, Freddie Mac acquisition loan that includes a term of five years. Located at 3000 Woodland Park Drive, the community offers studio, one- and two-bedroom apartments, as well as amenities including a swimming pool, hot tub, fitness center and clubhouse. The property, which was 93.4 percent leased at the time of the sale, underwent renovations just over two years ago. Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry of HFF marketed the asset on behalf of the seller, Allen Harrison Co. Cortney Cole and Will Crawley, also of HFF, represented the buyer, an affiliate of Harbor Group International LLC, in securing the acquisition debt.

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