HOUSTON – Performance Properties has sold Timberwalk, a 300-unit apartment community at 5635 Timber Creek Pl. Dr.
Units range from 501 to 1,088 sf.
Amenities include a fitness center, lounge, spa, playground, laundry facilities, picnic areas with barbeque grills, and two swimming pools.
Berkadia represented the seller and secured acquisition financing for the buyer, Lone Star Capital. The $25.6 million, three-year acquisition loan comes from First Foundation Bank.
The Texas Real Estate Research Center has more information like this online for free:
Source: Multi-Housing News