Berkadia Brokers M Sale of Texas Community
Sentinel Capital has sold Bridgewater Apartments, a 206-unit garden-style affordable community in Tomball, Texas. The buyer is a partnership compos...
Sentinel Capital has sold Bridgewater Apartments, a 206-unit garden-style affordable community in Tomball, Texas. The buyer is a partnership composed of Tranquility Capital, Abundance Equity Partners and Rubio Investors. Berkadia worked on behalf of the seller and secured financing for the new owner. The property traded for $32.7 million and Ready Capital provided $24.5 million in financing, according to Yardi Matrix. The property last traded in 2018, when the current seller bought it from Harbour Realty Partners for $16.