The Belvedere Springwoods Village apartments have been sold.
HOUSTON – (Realty News Report) – MLG Capital, a Wisconsin-based real estate investment firm, has acquired The Belvedere Springwoods Village, a 342-unit mid-rise multifamily community located north of Houston.
Built in 2014 by Houston developer Martin Fein Interests, the community is part of that firm’s national portfolio, which includes thousands of residential units across the United States.
Berkadia brokers Ryan Epstein and Jennifer Ray represented Martin Fein Interests in the transaction.
The Belvedere sits within Springwoods Village, a mixed-use development anchored by the 3-million-square-foot ExxonMobil campus and complemented by corporate offices, retail centers and residential neighborhoods. Springwoods Village is in the northernmost part of Harris County, on the west side of Interstate 45 north of the Grand Parkway.
“The Belvedere Springwoods Village’s exceptional location, quality construction and distinctive amenities provide investors with long-term stability, future rent-growth potential and value appreciation,” said Ryan Epstein of Berkadia, an experienced multifamily investment broker.
Berkadia’s John Koeijmans and Austin Blankenship from the firm’s Dallas office arranged financing for buyer MLG Capital.
Located at 2323 East Mossy Oaks Road, The Belvedere Springwoods Village is a four-story mid-rise apartment community featuring high-end finishes, structured parking and thoughtful design. The property has earned National Association of Home Builders (NAHB) Green Bronze certification in recognition of its sustainability features.
