Hasta Capital Enters Houston, Buys WaterWall Place
Hasta Capital struck a deal with local real estate company Hines for WaterWall Place, a midrise apartment in Houston’s Uptown neighborhood. When the closing dust settled, the buyer ended up with a seven-story, 322-unit complex at 2801 WaterWall Drive, and an entrée into the Bayou City.
Hasta Capital was formed by Greystar’s Mark Hafner and Rodrigo Suarez in 2016. As of now, the company develops multifamily rental apartments in Latin America, while acquiring existing apartments in the United States.
WaterWall Place, which kicked off Hines multifamily development division in 2011, delivered in 2014. “WaterWall Place was a significant project for us, and the property provides the buyer a first-class asset with an exceptional location,” Hines’ Kevin Batchelor said.
HFF’s Todd Marix and Chris Curry represented Hines. Greystar will continue to manage the property.
Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.
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