Berkadia announces it has arranged the sale of Northshore Meadows, a 291-unit multifamily community in Houston. Senior Managing Director Ryan Epstein, Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office represented the seller and the buyer, Claridge Properties.
“Texas metros remain highly appealing to businesses and investors looking to move operations or capital in a state that illustrates consistent multifamily fundamentals,” said Epstein. “The recent drop in Texas unemployment claims coupled with the affordable cost of living and availability of labor will continue to make the state, and Houston in particular, a favorite market for any investment portfolio.”
Built in 1971, Northshore Meadows is located at 333 Uvalde Road and offers one-, two-, three- and four-bedroom floorplans ranging in size from 414 to 1199 square feet. Units feature walk-in closets, stainless steel appliances and dishwasher. Community amenities include a business center, clubhouse, fitness center, playground and laundry facilities.
Situated in northeast Houston, the community is found near several transit routes offering direct access throughout Greater Houston. Crosby Freeway, East Sam Houston Parkway and Interstate 10 are less than 10 minutes away, bringing residents within a 20-minute drive of Downtown Houston and some of the city’s largest employers and amenities.