Financing was recently obtained through a secured equity partner for the acquisition of The Henry at Liberty Hills, a 228-unit garden-style community in East Houston. The asset is located at 15330 Liberty River Dr., and was built in 2012 when it was known as SYNC at Liberty Hills.

Cutt Ableson and Colin Marusak of Berkadia’s Houston office arranged both debt and equity financing on behalf of the sponsor, Momentum Multifamily, a Dallas-based investment group that owns more than 11 properties encompassing approximately 1,600 units. Berkadia originated a Freddie Mac 10-year floating-rate loan along with a preferred equity investment to facilitate the purchase of the asset.

“The property’s immediate access to Highway 90 and exceptional build-quality provided the buyer with a competitive asset which offers tenants efficient drive times to the greater Houston area,” said Ableson. “With nearby employers and new corporate developments in the pipeline, The Henry at Liberty Hills is positioned to benefit from improving fundamentals throughout the submarket.”

Crosby Freeway and Sam Houston Parkway are less than five minutes away, with access to downtown and the metro area.