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Berkadia’s Epstein and Ray Sell Mid-Rise in Spring

Berkadia arranged the sale of The Belvedere Springwoods Village, a Class A mid-rise apartment community in Spring. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Martin Fein Interests.

Senior Managing Director John Koeijmans and Associate Director Austin Blankenship of Berkadia’s Dallas office arranged financing on behalf of the buyer, MLG Capital. Financial terms weren’t disclosed.

“The Belvedere Springwoods Village’s extraordinary location, quality construction and unique amenities offer investors long-term term stability, future rent growth and value appreciation,” said Epstein.

Developed in 2014 by Fein Communities, The Belvedere Springwoods Village is a four-story mid-rise apartment property with high-end finishes and structured parking located at 2323 E. Mossy Oaks Rd. The property is located less than a mile from CityPlace at Springwoods Village, a 60-acre urban village that houses a corporate campus for ExxonMobil and is the future home to Hewlett Packard Enterprise.

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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).