Thursday, March 3, 2011

HFF closes sale of west Houston multi-housing community


HOUSTON, TX –HFF announced today that it has closed the sale of The Pathway (top left photo) , a 144-unit multi-housing community in west Houston, Texas.

HFF marketed the property on behalf of the seller, The Milestone Group.  Hudson Capital Investments purchased The Pathway for an undisclosed amount. 

The Pathway is situated on nearly six acres at 2901 Elmside Drive close to the Sam Houston Tollway in west Houston.  The property is 94 percent leased and units average 969 square feet each.

The HFF team that represented The Milestone Group included senior managing directors Craig LaFollette (lower right photo), Todd Stewart and Todd Marix, director Tre Banks and associate director Chris Curry.

 The Milestone Group is a vertically integrated real estate investment and management platform with more than $2.5 billion of multifamily assets under management, representing in excess of 45,000 units nationwide. 

The firm has corporate offices in Dallas and New York and eight regional offices throughout the United States employing more than 1,000 personnel.

Hudson Capital Investments is a Charleston, South Carolina-based multi-family investment firm headed by Lenny Blevins.

J. Todd Stewart, HFF Senior Managing Director, (713) 852-3500
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500,                                             

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