Brixton Capital, a preeminent private real estate investment firm, has acquired Mason Park, a multifamily apartment community in the Houston suburb of Katy, Texas. Brixton Capital purchased the property, located at 222 Mason Creek Drive, from Hilltop Residential for an undisclosed price.
Built in 2008, Mason Park offers 312 Class A apartment homes in one-, two-, and three-bedroom designs. Situated on 13 acres, the community’s amenities include a pool, fitness center, business center, cybercafé, dog park, media lounge, and outdoor grilling stations. The property offers excellent access to lifestyle amenities, major employment centers, and one of the top school systems in Texas.
“Mason Park is a great complement to our growing workforce housing portfolio,” said Mark Selman, president of Brixton Capital. “Mason Park is the latest addition to our strategic acquisitions in the Southwest U.S. In addition to Mason Park, we have added two other projects in Texas with over 400 units to our pipeline this month.”
In this transaction, Zach Springer of Newmark represented Hilltop Residential, 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 Brixton Capital.
Read more info in the San Diego Business Journal.
