HFF Closes Sale of 270-Unit Ranch at City Park in Houston
- Feb 29, 2016
Houston—HFF recently closed the sale of a 270-unit Class A apartment community in Houston. The sale of Ranch at City Park was marketed exclusively on behalf of the seller, Chicago-based private equity group Gaia Real Estate.
Located at 11900 City Park Central Lane, Ranch at City Park is situated on 13.76 acres along Highway 288, providing easy access to other major thoroughfares including Beltway 8, Loop 610, the Fort Bend Parkway Toll Road and Highway 90.
The property offers one- and two-bedroom floorplans averaging 893 square feet each. Ranch at City Park offers community amenities for residents such as a resort-style swimming pool, outdoor fireplace, picnic and grilling area, 24-hour fitness center, clubhouse, game room with billiards table, theater room, cyber café and detached garages.
The HFF investment sales team representing the seller was led by Managing Director Chris Curry, Senior Managing Directors Todd Stewart and Todd Marix, and Associate Director JC Clemens.
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