HOUSTON, TX – August 7, 2018 – HFF announces sale of and acquisition financing for Villas at Bunker Hill, a 398-unit, Class A, mid-rise apartment community in Houston, Texas.

The HFF team marketed the property exclusively on behalf of the seller, SouthStar Communities.  Hilltop Residential purchased the asset free and clear of existing debt.  In addition, HFF’s debt placement team worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan through a national bank.

Villas at Bunker Hill is located just north of Interstate 10 at 9757 Pine Lake Drive in Houston’s Memorial City area.  The property is adjacent to a wide variety of retail amenities, including H-E-B, PetSmart, Sam Moon, Nordstrom Rack, Academy Sports + Outdoors, Best Buy, Lowe’s Home Improvement, Costco and several dining and lifestyle retailers.  In addition, Villas at Bunker Hill is less than two miles north of Memorial City Mall and Memorial Hermann Memorial City Medical Center.  The four-story, wrap-style property offers access to the five-level parking garage from each floor of the building and comprises one- and two-bedroom units averaging 963 square feet.  The property’s nearly 8,000 square feet of amenity space includes two outdoor swimming pools, grilling areas, a state-of-the-art fitness center, clubhouse, game room with billiards, business center with conference room and demonstration kitchen.

The HFF investment advisory team representing the seller included managing director Chris Curry, senior managing director Todd Marix and analyst Estee Ibáñez.  

HFF’s debt placement team representing the buyer consisted of managing director Cortney Cole and analyst Jett Lucia.