BHW Capital broke ground on a 288-unit apartment complex next to a golf course in Humble. Clayton at Tour 18 will be the company’s second rental community adjacent to the Tour 18 golf course (photo). The other is The Park at Tour 18, a 241-unit complex BHW finished in 2020. The Houston Business Journal reports the company sold the project to the Civitas Capital Group in 2021.
BHW purchased the 10.5-acre site from a private seller in July.
Clayton at Tour 18 will average 913 square feet, with home office spaces starting around $1,135. The 25 ground-floor units will have private yards. Community amenities will include a gym with an indoor turfed zone, resort-style pool, work pods, outdoor biergarten, multiple outdoor kitchens, a putting green and a pet park with a washing station.
Completion is targeted for 2027.
BHW has engaged Mucasey & Associates as the architect. Blazer Building Southwest is the general contractor. Southside Bank provided construction financing.
Ponderay Apartments, a 40-unit multifamily property located at 5625 15th Ave NE in Seattle’s University District, sold for $6.26 million, equating to $156,625 per unit. Built in 1963, the property totals 21,540 square feet and consists of 22 one-bedroom units and 18 studio apartments. The studios average 478 square feet, while the one-bedroom units average...
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TruAmerica Multifamily acquired Bricks at Perimeter Center for $120 million. Clark Ventures was the seller of the 446-unit, garden-style apartment community in Atlanta’s Perimeter Center submarket. Clark paid $69.5 million for the property in 2016. TruAmerica will revamp nearly all of the rooms in the complex, which was built in 2007. The company plans to incorporate...
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BTI Partners and Bridge Investment Group closed on $109 million in financing for the Bread Building, a multifamily property located in downtown Hollywood, Florida. Cushman & Wakefield arranged, and Greystone provided the Freddie Mac loan for the transaction on behalf of borrowers, BTI Partners and Bridge Investment Group. Cushman & Wakefield’s Equity, Debt & Structured Finance...
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