Exclusive: Camden Sells Houston Asset
The buyer took out an $80.6 million Freddie Mac loan.
Camden Property Trust has sold Marquis Enclave, a 647-unit multifamily property in Houston, according to Yardi Matrix information. CWS Capital Partners acquired the asset with the help of an $80.6 million Freddie Mac loan originated by Newmark that matures in 2030.
Located on more than 5 acres at 301 St. Joseph Parkway, Marquis Enclave is in downtown Houston and close to interstates 45 and 69, as well as multiple dining options. George Bush Intercontinental Airport is within 21 miles northeast.
The community comprises seven four-story buildings that came online in two phases, in 2006 and 2013, the same data provider shows. The unit mix consists of studio, one- and two-bedroom floorplans ranging from 548 to 1,448 square feet. Select layouts also include private balconies or patios.
READ ALSO: Top 10 Emerging Multifamily Markets of 2025
Common-area amenities include three swimming pools with sundecks, a spa and two fitness centers. The property also has a media room, clubhouse, business center, outdoor grilling area and conference room, as well as coworking space.
Camden’s recent residential sales
Camden Property Trust sold eight multifamily assets year-to-date as of November, according to Yardi Matrix information. Last week, the firm obtained $77 million from selling Camden Copper Square Apartments to ColRich. The 332-unit community is in Phoenix.
This summer, the firm also sold Camden Cimarron, a 286-unit property in Irving, Texas. Boston Capital Real Estate Partners acquired the asset through BCRE Fund II, its value-add vehicle.
Houston multifamily sales remain steady
Houston’s multifamily transaction activity in the first 10 months of the year led to a $2.2 billion volume from the 139 assets—almost 36,800 units—that traded, according to Yardi Matrix information. This figure was slightly higher than the $2 billion registered during the same period last year, when 130 properties—31,566 apartments—changed hands.
In one of October’s transactions, Trammell Crow Residential sold Live at Memorial, a 356-unit community in Houston. MetLife Real Estate Investment acquired the eight-story property that came online in 2021.
