HOUSTON, TX – The Houston office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Villas at River Park West (top left photo), a 252-unit multi-housing community in Richmond, Texas.HFF senior managing directors Craig LaFollette (middle right photo), Todd Stewart (middle left photo) and Todd Marix (lower right photo), director Tre Banks and associate director Chris Curry along with Wilson Interests led the investment sales team on behalf of the seller, 2005 RP West, Ltd.
“We were able to close this sale in 35 days from letter of intent, a testament to the Lane Company and the asset,” said Marix.
Villas at River Park West is located at 21811 Wildwood Park about 30 miles southwest of downtown Houston in Richmond. Completed in 2007, the property has one- and two-bedroom floorplans that are 98% leased. Community amenities include a business center, laundry facility, clubroom, fitness center and resort-style swimming pool.
Its expertise extends to all areas of real estate including apartment and condominium acquisition, property management and investment management.
With over 35 years of experience, Lane Company is recognized as one of the most innovative, efficient and technologically-advanced firms in the multifamily industry.
Contacts:
Todd Marix, HFF Senior Managing Director, (713) 852-3500, tmarix@hfflp.com
Kristen M. Murphy, Associate Director, Marketing, (713) 852-3500
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