Spring Apartments Sold: What the Acquisition Means for Residents
Sentinel Peak Capital Partners has acquired the Lakebridge Apartments, north of Houston. Photo Credit: JLL
HOUSTON – Sentinel Peak Capital Partners has acquired Lakebridge Apartments, a 272-unit, value-add garden-style apartment community in the Spring submarket of north Houston, according to JLL Capital Markets.
JLL marketed the property on behalf of the seller and arranged floating-rate acquisition financing for the buyer, provided by Voya Investment Management.
Located at 300 Woerner Road in the Spring submarket, Lakebridge Apartments consists of 19 two-story buildings on 13.2 acres. Phase I of the community was originally developed in 1984 as condominiums, and Phase II was added in 2001. The property offers 272 residential units with an average size of approximately 896 square feet. Recent renovations have been completed on all ground-floor units.
The JLL Capital Markets team representing the seller included Chip Nash, Bob Heard, Greg Austin, Chris Young, Joey Rippel, Chris Curry and Todd Marix.
JLL’s Capital Markets debt placement team that represented the buyer was led by Campbell Roche and James Brolan.
