HOUSTON (April 6, 2022) – Berkadia announces it has arranged the sale and financing of The Dawson, a 354-unit multifamily community in the Energy Corridor, West Houston’s Central Business District. Senior Managing Director Chris Curry and Todd Marix, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel, alongside Director Kyle Whitney of Berkadia Houston represented the seller, RPM Living, a multifamily property management, investment and development company based in Austin, Texas.
Managing Director Clay Akiwenzie of Berkadia Incline Village secured acquisition financing on behalf of the buyer, Bridge Partners, a private real estate investment firm based in Walnut Creek, California. Freddie Mac provided the 7-year, adjustable-rate loan.
“Bridge moved decisively and expertly in the midst of extreme volatility in the capital markets,” said Akiwenzie. “We were proud to play our part in helping to expand their footprint in the Energy Corridor.”
“The Dawson’s strategic location in the heart of the Energy Corridor creates a consistent cash flow and long-term value appreciation,” said Curry. “Demand for apartments in the metro area continues to exceed expectations.”
Built in 2014 and located at 13411 Briar Forest Drive, The Dawson offers one- and two-bedroom apartments ranging from 649 square feet to 1,552 square feet. Individual units feature wood-style flooring, granite countertops, stainless steel Whirlpool appliances, Bluetooth surround sound, walk-in closets, updated bathrooms, linen and coat closets and private patios or balconies. Community amenities include a modern clubhouse, business center, a 2-story fitness center, yoga and spin room, pool, sun deck with lounge chairs, an outdoor kitchen with gas grills, an outdoor fire pit, enclosed dog park, private parking and electric car charging stations.
Located in Houston’s Energy Corridor, The Dawson is in walking distance to the third largest employment center in the metro, highly ranked Bush Elementary School and popular Ray Miller Park.