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Mosaic Residential Snags 148-Unit Club at Stablechase

Mosaic Residential Inc. bought the 148-unit Club at Stablechase, located in Houston’s Champions area. The Houston-based buyer acquired the 20-year-old asset from CFH Investment Partners for an undisclosed amount.

Located at 13504 Schroeder Rd. in the northwest submarket, the property offers one, two and three-bedroom apartments, with an average size of 1,012 square feet. On-site amenities include a business center, controlled gate access and a 24-hour fitness center.

“Mosaic Residential will continue and expand on the upgrades and property enhancements that CFH Investment Partners completed during their ownership,” said CBRE’s Matt Phillips, who teamed with colleague Clint Duncan to represent the seller. “We will continue to see this trend throughout the Houston multifamily market, as fundamentals firm up this year and owners are able to get premium rents for upgrading units and adding amenities.”

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About Mark El-Rayes

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.

  • ◦Sale/Acquisition