HOUSTON, TX – January 16, 2019 – HFF announces the sale and acquisition financing for Winding Trails, a 438-unit, garden-style apartment community in Southwest Houston.

The HFF team marketed the property exclusively on behalf of the seller, One Real Estate Investment.  GVA Real Estate Group 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 acquisition financing through Ready Capital Structured Finance.

Winding Trails is located at 10330 Wilcrest Drive near Beltway 8 and Interstate 69, which provides connectivity to Houston’s largest employment centers.  The nearly 14-acre property was originally developed in 1979 and encompasses a mix of one-, two- and three-bedroom units averaging 803 square feet with a range of amenities, including country kitchens with pass-through bars, wood plank flooring, oversized walk-in closets, washer and dryer connections, and private patios or balconies.

The HFF investment advisory team representing the seller included directors Joey Rippel and Chris Young and analyst Bailey Crowell.

HFF’s debt placement team representing the new owners was led by managing director Robert Wooten and director Michael Johnson.

“Assets like Winding Trails that have provable value-add potential remain limited in Houston and continue to be a draw for opportunistic buyers,” Rippel said.  “True value-add is an opportunity that smart buyers can’t pass up.”

HOUSTON, TX – July 31, 2018 – Holliday Fenoglio Fowler, L.P. (HFF) announces sale of and acquisition financing for Huntington Glen, a 364-unit, value-add multi-housing community in Houston, Texas.

The HFF team marketed the property exclusively on behalf of the seller, BH Equities/L5 Investments.  GVA Real Estate Group purchased the asset free and clear of existing debt.  Huntington Glen is the group’s first purchase in the Houston market.  In addition, HFF’s debt placement team worked on behalf of the new owner to secure a three-year, floating-rate acquisition loan with two one-year extension options through one or more funds managed by Marathon Asset Management, LP.

Huntington Glen is located at 12023 Bissonnet near the intersection of S. Kirkwood Drive in the Alief submarket of southwest Houston.  Completed in 1983, the gated community offers a mix of one-, two- and three-bedroom units ranging from 450 to 1,179 square feet with features, including hardwood flooring, walk-in closets, wood burning fireplaces, sunrooms, washer and dryer connections, and private patios or balconies.  Common area amenities include two swimming pools, a playground area and business center.

The HFF investment advisory team representing the seller included director Joey Rippel and Chris Young and analyst Connor Phillips.

HFF’s debt placement team representing the buyer consisted of managing director Robert Wooten and analyst Jackson Finch.

“The opportunity to purchase true value-add, workforce housing product continues to attract new buyers to Houston,” Rippel said.  “There are few properties like Huntington Glen left in the market today – those that haven’t had any renovations.”

“This transaction is a win-win for both parties involved, given the limited supply of these Class B and C deals in the market and the potential for future growth in returns supported by current long-term trends,” Rippel added.