Goldman Sachs Acquires Pearland Multifamily Development
The Retreat at Shadow Creek has been sold.
HOUSTON – (Realty News Report) – Goldman Sachs Asset Management Private Real Estate has purchased the Retreat at Shadow Creek Ranch, a 370-unit multifamily community located in Pearland, Texas.
Berkadia’s Houston office handled the transaction on behalf of the seller, Inland Private Capital Corporation, an Oak Brook, Illinois–based real estate investment firm. Senior Managing Director Ryan Epstein and Director Jennifer Ray led the sale process.
Constructed in 2013, the property sits at 2500 Business Center Drive, just west of State Highway 288. The community is within close proximity to Memorial Hermann Pearland Hospital and a broad range of retail amenities, offering residents convenient access to services and shopping.
Currently, a toll road extension of Highway 288 is under construction and will improve connectivity between the Pearland area and the Texas Medical Center, shortening commute times and enhancing the location’s appeal to renters who work in Houston’s medical and employment hubs.
Epstein noted that limited availability of land for new multifamily development in the area creates a favorable dynamic for existing properties. With constrained new supply, owners of well-located multifamily assets are positioned to benefit from long-term rental growth and potential value appreciation.
