August 8, 2018
SouthStar Capital Group ended its more than five-year hold on the 398-unit Villas at Bunker Hill in Houston. The Boca Rotan, FL investor sold the apartment complex at 9757 Pine Lake Dr. to Hilltop Residential for an undisclosed amount. The property, which opened in the mid-2000s, is assessed at $54.4 million.
Chris Curry, Tod Marix and Estee Ibáñez with HFF represented the seller in the transaction. Additionally, HFF’s debt placement team, consisting of Cortney Cole and Jett Lucia, secured a three-year, floating-rate acquisition loan for the Houston-based buyer.
The Villas at Bunker Hill, situated in West Houston, offers one and two-unit floor plans, measuring from 748 to 1,323 square feet. On-site amenities include yoga, game and poker rooms, fitness and business centers, two swimming pools and a dog park.
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