HOUSTON (Dec. 14, 2020) – Berkadia announces it has arranged the sale of Chartwell Court, a 243-unit garden style community in north Houston. Senior Managing Director Ryan Epstein, Senior Director Jennifer Ray and Associate Director Scott Bray of Berkadia’s Houston office listed the property on behalf of National Asset Services, a real estate investment firm based in Los Angeles. The buyer is REEP Equity, a real estate investment firm based in San Antonio.
“The property’s significant value-add upside and the lack of new construction in the area illustrated a proven asset with fundamentals to maintain high occupancy,” said Epstein. “With no conventional properties in lease-up, under construction or proposed within proximity of the community, Chartwell Court reflects Houston’s advantageous multifamily market.”
Built in 1995, Chartwell Court is located at 15100 Ella Boulevard. One- and two-bedroom units averaging more than 1,000 square feet include walk-in closets, faux-wood flooring, full-size washer/dryer and private patio/balcony with storage. The pet friendly community features a swimming pool, clubhouse, professional business center, fitness center and social areas with grills.
Situated in north Houston, Chartwell Court is found near multiple transit routes and employers. Interstate 45 is five minutes away, offering direct access to Sam Houston Tollway and Downtown Houston, and Hardy Toll Road is under 10 minutes away. Nearby employers include the 971-acre Pinto Business Park with tenants including Amazon, HD Supply, Sysco and Coca-Cola, along with the upcoming Hewlett Packard Enterprise corporate campus at Springwood Village.