Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Texas  + Houston-Galveston  + Apartments  | 
Berkadia finds buyer, finances 200-unit Houston apartment sale

Trinnium Equity Picks Up 200-Unit Houston Rental Community

Trinnium Equity Group has acquired Cypress Parc, a 200-unit multifamily community in Houston. A Berkadia team secured the $15 million loan from NexBank to finance the purchase, as well as represented the seller, Lionel Partners.

Built in 1979, the 36-building, garden-style community incorporates two- and three-bedroom floorplans, ranging from 926 to 1,420 square feet. Apartment interiors feature washers and dryers, walk-in closets, vinyl plank flooring, fireplaces, ceiling fans and stainless-steel appliances. Common-area amenities encompass a swimming pool, fitness center, grill and picnic area, volleyball court and playground, as well as 950 parking spaces.

The roughly 18-acre property is at 18001 Cypress Trace Road, near Interstate 45 and 22 miles from downtown Houston. The community is within walking distance of the Cypress Station shopping mall and the retail corridor along Cypress Creek Parkway. George Bush Intercontinental Airport is 11 miles away. Berkadia’s Curt Ableson arranged the financing on behalf of Trinnium. 

Connect

Inside The Story

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition
AshcroftCapital-07-cube
New call-to-action