Berkadia Arranges Sale of High-End Houston High-Rise Rental Asset
Berkadia arranged the sale of Chelsea Museum District, a 325-unit multifamily high-rise in Central Houston. A Berkadia Houston team led by Chris Curry marketed the property on behalf of the seller, Scottsdale-based Alliance Residential Company.
Chris Pollard and Jason Rice of Berkadia Dallas secured the debt on behalf of the buyer, Madera Residential, an investment company based in Lubbock, Texas.
“Chelsea Museum District’s location and its construction quality have made it one of the more successful high-rises in Houston’s history,” Said Curry.
Built in 2021 The units feature temperature-controlled wine chillers, washer and dryers with smart technology and private oversized balconies or private yards. The community amenities include a pool with tanning ledge and private cabanas, an outdoor kitchen with two gas grills, exercise center, a co-working lounge with private conference room, a speakeasy, wine lounge with city views, golf simulation room, electronic package lockers, pet spa and bark park.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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