HFF CLOSES ON PROMENADE JERSEY VILLAGE IN HOUSTON

HOUSTON — HFF has closed on the sale of Promenade Jersey Village, a 596-unit apartment community in Houston. HFF represented the seller, PCM Steeplechase LLC, an entity of Cypress Real Estate Advisors. SRA Management, an entity of Olympus Property Company, bought the property for an undisclosed amount. Promenade Jersey Village is located at 11011 Pleasant Colony near the intersection of Highway 290 and Jones Road in northwest Houston. The property is 93 percent leased and includes one-, two-, three- and four-bedroom units and townhomes. Amenities include a swimming pool, hot tub, fitness center, basketball and tennis courts, business center and conference room. The HFF team representing the seller included Tre Banks, Todd Marix, Todd Stewart and Chris Curry.