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10/27/21
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Brixton Capital has acquired Mason Park, a 312-unit multifamily property in the growing area of Katy, TX, in the Greater Houston area. The asset was sold by Hilltop Residential.
Built in 2008, the apartment complex sits on 13 acres of land at 222 Mason Creek Drive. Mason Park provides a Class A residential setting with excellent access to the major job centers of Katy, the Energy Corridor and Northwest Houston. The Katy area is home to one of the top school systems in Texas and abundant lifestyle amenities.
Zach Springer with Newmark represented Hilltop Residential in this transaction, while Brixton Capital represented itself. David Schwarz of Newmark assisted Brixton Capital with the execution of the debt placement with a regional bank. United Apartment Group will manage the property on behalf of the ownership and assisted in the due diligence, including analysis of property operations and identifying property enhancements.
According to Mark Selman, president of Brixton Capital, in addition to Mason Park, the firm has acquired two other projects in Texas totalng over 400 units this month.
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