Berkadia brokers $50M sale of 319-unit multifamily property in Katy

Berkadia brokers Jeffrey Skipworth, Kyle Whitney, Joey Rippel, Chris Young, Chris Curry & Todd Marix have closed the sale of a 319-unit multifamily property in Katy for $50M. The seller was Sueba USA Companies.

The property, located at 122 Lakeview Way, is a Class A multifamily asset with 319 units. The property was built in 2019 and features a mix of one-, two-, and three-bedroom units. The property is located in Katy, a rapidly growing suburb of Houston, Texas.

The buyer and additional details about the transaction were not disclosed.

Berkadia is a leading commercial real estate brokerage firm with offices throughout the United States. The firm specializes in multifamily, retail, office, and industrial properties. Berkadia has a strong track record of successfully closing complex transactions and delivering exceptional results for its clients.

Sueba USA Companies is a Houston-based real estate development and management company. The company specializes in the development and management of multifamily properties in Texas.

The sale of the 319-unit multifamily property in Katy is a significant transaction for the Houston real estate market. The property is a high-quality asset in a desirable location, and the sale price of $50M reflects the strong demand for multifamily properties in the Houston area.

The brokers involved in the transaction, Jeffrey Skipworth, Kyle Whitney, Joey Rippel, Chris Young, Chris Curry & Todd Marix, are all experienced professionals with a deep understanding of the Houston real estate market. Their expertise and dedication to their clients were instrumental in closing this transaction.

Overall, the sale of the 319-unit multifamily property in Katy is a positive sign for the Houston real estate market. The strong demand for multifamily properties in the area is expected to continue, and Berkadia and other leading brokerage firms are well-positioned to help clients navigate this dynamic market.