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Texas  + Apartments  | 

JLL Arranges Sale of SW Houston Apartments

JLL Capital Markets closed the sale and acquisition financing for the garden-style Willow Ridge apartments in Southwest Houston. The firm completed the sale for the seller, Sentinel Capital, to the buyer, Alfa TX Investment Group.

JLL also worked on behalf of the buyer to originate the 10-year, fixed-rate Fannie Mae loan. The loan will be serviced by JLL Real Estate Capital. 
 
The JLL Capital Markets team representing the seller was led by senior directors Joey Rippel and Chris Young and analyst Kyle Whitney. The debt team representing the borrower was led by director Laura Sellingsloh. 
 
“The competitive process for Willow Ridge demonstrated strong investor appetite for Houston multi-housing through the pandemic,” said Rippel. “Especially for workforce product, where collections remained high.”

The property was built in 1977, totals 188,220 square feet and has 262 one-, two- and three-bedroom apartments, averaging 93% occupancy over the last five years. 

For comments, questions or concerns, please contact Paul Bubny

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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 16-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 7-10 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).

  • ◦Sale/Acquisition
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