Berkadia announces it has arranged the sale of The Life at Spring Estates, a 372-unit apartment community located in the North View section of Houston, Tex. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth and Senior Managing Directors Todd Marix and Chris Curry of Berkadia Houston represented the seller, Olive Tree Holdings, a real estate investment firm based in New York City. Inman Equities, a multifamily investment company based in Nashville, Tenn., acquired the property.
“Houston’s multifamily market continues to benefit from strong fundamentals,” said Chris Young.
Located at 16112 North Freeway, The Life at Spring Estates offers one-, two- and three-bedroom units ranging from 1,017 square feet to 1,332 square feet. Individual apartments feature 9-foot ceilings, carpeted floors, ceiling fans, fully equipped kitchens, walk-in closets and washer and dryers. Community amenities include a business center, clubhouse, bark park, picnic area with barbeque, a swimming pool, fitness center, yoga studio, parcel lockers, a nature gym and trail, on-site maintenance and on-site management.
Situated approximately 20 minutes north of downtown Houston, The Life at Spring Estates is located directly off I-45 north of the Sam Houston Tollway/Texas 8 Beltway and is a short drive from the University of Houston, The Gardens Retail Center, Spring Creek Greenway Nature Center and the Houston George Bush Intercontinental Airport.