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Berkadia Arranges Sale of North Houston Apartments

Berkadia 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 Los Angeles-based National Asset Services. The buyer is San Antonio-based REEP Equity.
“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.”
Built in 1995, Chartwell Court is located at 15100 Ella Blvd. One- and two-bedroom units averaging more than 1,000 square feet include walk-in closets, faux-wood flooring, full-size washer/dryer and private patio/balcony with storage. The pet-friendly community features a swimming pool, clubhouse, professional business center, fitness center and social areas with grills.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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