May 18, 2020
Berkadia arranged the sale of The Belvedere Springwoods Village, a Class A mid-rise apartment community in Spring. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Martin Fein Interests.
Senior Managing Director John Koeijmans and Associate Director Austin Blankenship of Berkadia’s Dallas office arranged financing on behalf of the buyer, MLG Capital. Financial terms weren’t disclosed.
“The Belvedere Springwoods Village’s extraordinary location, quality construction and unique amenities offer investors long-term term stability, future rent growth and value appreciation,” said Epstein.
Developed in 2014 by Fein Communities, The Belvedere Springwoods Village is a four-story mid-rise apartment property with high-end finishes and structured parking located at 2323 E. Mossy Oaks Rd. The property is located less than a mile from CityPlace at Springwoods Village, a 60-acre urban village that houses a corporate campus for ExxonMobil and is the future home to Hewlett Packard Enterprise.
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