HOUSTON, TX - Berkadia announces it has arranged the sale of Chartwell Court, a 243-unit garden style community in north Houston. Senior Managing Director Ryan Epstein, Senior Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office listed the property on behalf of National Asset Services, a real estate investment firm based in Los Angeles. The buyer is REEP Equity, a real estate investment firm based in San Antonio.
“The property’s significant value-add upside and the lack of new construction in the area illustrated a proven asset with fundamentals to maintain high occupancy,” said Epstein. “With no conventional properties in lease-up, under construction or proposed within proximity of the community, Chartwell Court reflects Houston’s advantageous multifamily market.”