Camden Property Trust Sells 272 Unit Community in Suburban Houston
Camden Property Trust has sold the Preserve at Goose Creek, formerly known as Camden Baytown, a 272-unit multi-housing community in the eastern Houston suburb of Baytown.
Allen Harrison Company, LLC purchased the property with the assistance of a 10-year fixed-rate loan that HFF secured through Freddie Mac (Federal Home Loan Mortgage Corporation). The securitized loan will be serviced through HFF’s Freddie Mac Program Plus® seller/servicer program.
HFF also marketed the property on behalf of Camden Property Trust.
The HFF investment sales team representing the seller included senior managing directors Craig LaFollette, Todd Stewart and Todd Marix, and directors Tre Banks and Chris Curry.
The HFF team representing Allen Harrison Company, LLC was led by director Cortney Cole.
Preserve at Goose Creek is situated on a 13-acre site at 2100 West Baker Road, close to the Port of Houston and the ExxonMobil Chemical Baytown campus. The 95 percent leased property has 16 buildings with one-, two- and three-bedroom units averaging 844 square feet each.
Community amenities include a resort-style swimming pool, fitness center, picnic area with BBQ grills and business center.