Exclusive: MetroNational Sells 432 Units in Houston
The new owner secured a $44 million acquisition loan.
MetroNational has sold The Lodge at Spring Shadows, a 432-unit multifamily community in Houston, according to Yardi Matrix.
The new owner is TPG Angelo Gordon. The transaction was aided by a $43.9 million acquisition loan provided by Goldman Sachs, with a maturity date set for 2028, with a 2030 extension option.
The Lodge at Spring Shadows is at 10221 Centrepark Drive in the West Houston area, within the metro’s Spring Valley submarket.
The property provides access to interstates 10 and 610, in an area with multiple restaurants, entertainment and retail options, including a Costco Wholesale and The Home Depot. Downtown Houston is 19 miles away, while the city’s international airport is 23 miles away.
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The Lodge at Spring Shadows is a pet-friendly community completed in 2009 and consists of 18 three-story buildings.
Floorplans include one- to three-bedroom units ranging between 708 and 1,148 square feet. Apartments feature 9-foot ceilings, private patios or balconies, fireplaces in top-floor units, as well as washers and dryers. Common-area amenities include a swimming pool with a spa center, a clubhouse, a fitness center, a business center and more than 600 grade-level parking spots.
Houston multifamily sales keep steady, unit prices tick down
Year-to-date through November, Houston multifamily transaction activity saw 158 multifamily assets—or 42,650 units according to Yardi Matrix. Investment matched the pace of the same period last year, when 145 properties—totaling 34,746 units—changed ownership. Although investor activity held steady, the metro saw more units selling at slightly lower prices so far in 2025. For context, the average price per unit slid 2.3 percent, inching down from $133,425 recorded last year to the $130,408 value in 2025 through November.
Recent Houston deals include Pegasus Real Estate’s acquisition of Lakeside, a 296-unit community some 11 miles from the city’s downtown. Knightvest Capital sold the property, while the new owner secured a $31 million CMBS loan.
Meanwhile, Camden Property Trust sold Marquis Enclave, a 647-unit multifamily property in downtown Houston. CWS Capital Partners purchased the asset with the help of an $80.6 million Freddie Mac loan.
In another noteworthy deal, Trammell Crow Residential sold a 356-unit Class A property to MetLife Real Estate Investment. Dubbed Live at Memorial, the asset reached completion in 2021 and is subject to a $61.5 million loan.
