HOUSTON (May 6, 2020) – Berkadia announces it has arranged the sale of The Belvedere Springwoods Village, a Class A mid-rise apartment community located in the modern mixed-use community of Springwoods Village, 20 minutes outside of downtown Houston, Texas. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office represented the seller, Martin Fein Interests.
Senior Managing Director John Koeijmans and Associate Director Austin Blankenship of Berkadia’s Dallas office arranged financing on behalf of the buyer, MLG Capital.
“The Belvedere Springwoods Village’s extraordinary location, quality construction and unique amenities offer investors long-term term stability, future rent growth and value appreciation,” said Epstein.
Developed in 2014 by Fein Communities, The Belvedere Springwoods Village is a four-story mid-rise apartment property with high-end finishes and structured parking located at 2323 East Mossy Oaks Road. The property features one-, two- and three-bedroom floor plans, 10-foot ceilings, walk-in closets and enclosed walk-in showers, gourmet chef kitchens, stainless steel appliances, built-in pre-wired computer workspaces, energy-efficient AC/heating systems, and spacious private patios or balconies in some units. The property has been certified to National Association of Home Builders (NAHB) Green Bronze Level.
Community amenities include a luxurious clubhouse with multiple flat-panel TVs, a latte bar and billiards tables, a state-of-the-art executive conference room, a library/lounge area, and a 24-hour strength and cardio center with yoga/Pilates studio. Other amenities include a resort-style pool with sundeck and heated spa, poolside cabanas, firepit and professional grade outdoor kitchens; and a dog park. Valet dry cleaning and doorstep trash/recycling services are also available to residents.
The Belvedere Springwoods Village features an ideal setting just south of The Woodlands off I-45 and the Grand Parkway in Spring, Texas, and within an short walk or bike ride away from the area’s major employment centers, as well as a host of retail, dining and recreational destinations. The property is located less than a mile from CityPlace at Springwoods Village, a 60-acre urban village that houses the corporate campuses for ExxonMobil, Southwestern Energy, ABS, HP Inc. campus, Star Cinema Grill, 24 Hour Fitness, CHI St. Luke’s, and the future home to Hewlett Packard Enterprise (2022). The property provides convenient access to more than 33 miles of recreational nature trails at Spring Creek Greenway and Springwoods Village Nature Preserve.