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Clear Sky Capital Buys Greenspoint Apartments

Greenspoint apartments sold.

HOUSTON – (Realty News Report) – Clear Sky Capital of Phoenix has acquired the 192-unit North Park Apartments, 90 Northpoint Drive, in the Greenspoint area.

The project is located south of Beltway 8 and east of Interstate 45, south of Greenspoint Mall.

CBRE Capital Markets’ Debt & Structured Finance team has arranged $10 million in financing for the purchase with a 10-year, partial term interest-only, fixed-rate loan from Goldman Sachs.

“CBRE was instrumental in our ability to obtain a loan that worked with our acquisition strategy,” said Marcus Kurschat, President of Clear Sky Capital.

The seller was North Park Apartments LLC, a group led by Gary Gray of Tacoma, Wash.

Andrew Behrens and Jesse Weber of CBRE’s San Francisco office secured the Goldman Sachs loan.

March 16, 2018 Realty News Report Copyright 2018

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