{"id":540751,"date":"2021-09-21T17:24:31","date_gmt":"2021-09-21T21:24:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-completes-sale-for-369-unit-garden-style-multifamily-property-in-katy-texas\/"},"modified":"2021-09-21T17:24:31","modified_gmt":"2021-09-21T21:24:31","slug":"walker-dunlop-completes-sale-for-369-unit-garden-style-multifamily-property-in-katy-texas","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-completes-sale-for-369-unit-garden-style-multifamily-property-in-katy-texas\/","title":{"rendered":"Walker & Dunlop Completes Sale for 369-Unit, Garden-Style Multifamily Property in Katy, Texas"},"content":{"rendered":"
\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n BETHESDA, Md.<\/span>, Sept. 21, 2021<\/span> \/PRNewswire\/ —\u00a0Walker & Dunlop, Inc.<\/a>\u00a0announced today that it completed the sale of Vineyards<\/b>, a 369-unit, garden-style community in Katy, Texas<\/span>. Built in 2003, the property is within the Houston<\/span> metropolitan area and has significant value-add potential. <\/p>\n

\n

\n
\n \"Walker
\n <\/a>\n <\/p>\n<\/p><\/div>\n

Walker & Dunlop’s Houston Multifamily Investment Sales team represented the seller, Preferred Apartment Communities in the transaction to the buyer, Knightvest Capital. Director Scott Bray<\/span><\/a>\u00a0and Managing Directors Ryan Epstein<\/span><\/a>\u00a0and Jennifer Ray<\/span><\/a>, effectively communicated the property’s investment benefits, including its long-term stability, future rent growth, and value appreciation.<\/p>\n

“Thanks to its ideal location within the Katy<\/span> submarket and Katy’s<\/span> top-ranked school district, Vineyards was an excellent investment. The property also had strong month-to-month performance, which has maintained momentum throughout the pandemic,” commented Bray. “With nearly all of the units in original condition and the strong occupancy at the asset, Vineyards is well-positioned for a value-add strategy through an interior unit renovation program.”<\/p>\n

Mr. Bray added, “Vineyards presented a wealth of attractive attributes for our clients who were looking to invest in the Houston<\/span> multifamily market. We’re certain that Knightvest will continue to maximize the property’s value.”<\/p>\n

Vineyards’ proximity to Interstate 10, Highway 6, and the TX 99 Grand Parkway affords convenient access to the city’s highest income employment centers. These include the Central Business District, Westchase District, and the Energy Corridor, which are home to many corporate headquarters and local businesses. Additionally, residents of Vineyards are within minutes of many dining, shopping, and entertainment options. With large unit sizes, plenty of green space, and unparalleled schools in the area, the community is highly desirable for residents seeking a live, work, and play environment.<\/p>\n

Walker & Dunlop is a leader in multifamily property sales, having completed $6.1 billion<\/span> in property sales volume in 2020. The firm was also the top provider of capital to the U.S. multifamily market, originating $31 billion<\/span> in transactions and lending over $24 billion<\/span> for multifamily properties in 2020. For information about Walker & Dunlop’s view on the apartment market, read our recently-released\u00a0Summer 2021 Multifamily Outlook Report<\/a>.<\/p>\n

\n About Walker & Dunlop
<\/b>
\n Walker & Dunlop<\/a>\u00a0(NYSE: WD) is the largest provider of capital to the multifamily industry in the United States<\/span> and the fourth largest lender on all commercial real estate including industrial, office, retail, and hospitality. Walker & Dunlop enables real estate owners and operators to bring their visions of communities \u2014 where Americans live, work, shop and play \u2014 to life. The power of our people, premier brand, and industry-leading technology make us more insightful and valuable to our clients, providing an unmatched experience every step of the way. With over 1,000 employees\u00a0across every major U.S. market<\/a>, Walker & Dunlop has\u00a0consistently been named one of\u00a0Fortune<\/i>‘s Great Places to Work<\/a>\u00ae<\/sup>\u00a0and is\u00a0committed to making the commercial real estate industry more inclusive and diverse<\/a>\u00a0while\u00a0creating meaningful social, environmental, and economic change in our communities<\/a>.<\/p>\n

<\/div>\n

\n \"Cision\" View original content to download multimedia:https:\/\/www.prnewswire.com\/news-releases\/walker–dunlop-completes-sale-for-369-unit-garden-style-multifamily-property-in-katy-texas-301382057.html<\/a><\/p>\n

SOURCE Walker & Dunlop, Inc.<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire BETHESDA, Md., Sept. 21, 2021 \/PRNewswire\/ —\u00a0Walker & Dunlop, Inc.\u00a0announced today that it completed the sale of Vineyards, a 369-unit, garden-style community in Katy, Texas. Built in 2003, the property is within the Houston metropolitan area and has significant value-add potential. Walker & Dunlop’s Houston Multifamily Investment Sales team represented the seller, Preferred Apartment Communities in the transaction to the buyer, Knightvest Capital. Director Scott Bray\u00a0and Managing Directors Ryan Epstein\u00a0and Jennifer Ray, effectively communicated the property’s investment benefits, including its long-term stability, future rent growth, and value appreciation. “Thanks to its ideal location within the Katy submarket and Katy’s top-ranked school district, Vineyards was an excellent investment. The property also had strong month-to-month performance, which has maintained momentum … <\/p>\n

Continue reading “Walker & Dunlop Completes Sale for 369-Unit, Garden-Style Multifamily Property in Katy, Texas”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-540751","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWalker & Dunlop Completes Sale for 369-Unit, Garden-Style Multifamily Property in Katy, Texas - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/walker-dunlop-completes-sale-for-369-unit-garden-style-multifamily-property-in-katy-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Walker & Dunlop Completes Sale for 369-Unit, Garden-Style Multifamily Property in Katy, Texas - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire BETHESDA, Md., Sept. 21, 2021 \/PRNewswire\/ —\u00a0Walker & Dunlop, Inc.\u00a0announced today that it completed the sale of Vineyards, a 369-unit, garden-style community in Katy, Texas. Built in 2003, the property is within the Houston metropolitan area and has significant value-add potential. Walker & Dunlop’s Houston Multifamily Investment Sales team represented the seller, Preferred Apartment Communities in the transaction to the buyer, Knightvest Capital. Director Scott Bray\u00a0and Managing Directors Ryan Epstein\u00a0and Jennifer Ray, effectively communicated the property’s investment benefits, including its long-term stability, future rent growth, and value appreciation. “Thanks to its ideal location within the Katy submarket and Katy’s top-ranked school district, Vineyards was an excellent investment. 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