Mason Park Delivers on Jobs, Schools and Lifestyle Amenities

Brixton Capital recently acquired Mason Park, a multifamily property in the growing Houston suburb of Katy from Hilltop Residential for an undisclosed price. Located at 222 Mason Creek Dr., the 312-unit apartment complex was built in 2008 and comprises 13 acres.

“The Katy area is seeing extraordinary growth in both population and jobs,” says Jim Hamilton, Brixton Capital’s vice president of acquisitions. “Mason Park provides a class-A residential setting for residents with excellent access to the major job centers of Katy, the Energy Corridor and Northwest Houston. The Katy area is home to one of the top school systems in Texas and abundant lifestyle amenities.”

Zach Springer of Newmark represented Hilltop Residential in this transaction, while Brixton Capital was self-represented. David Schwarz of Newmark assisted Brixton Capital with the execution of debt placement with a regional bank.

“Mason Park is a great complement to our growing workforce housing portfolio,” said Mark Selman, president of Brixton Capital. “Mason Park is the latest addition to our strategic acquisitions in the Southwest U.S. In addition to Mason Park, we have added two other projects in Texas with over 400 units to our pipeline this month.”

United Apartment Group will manage the property on behalf of the ownership and assisted in the due diligence including analysis of property operations and identifying property enhancements.