BREAKING NEWS

Principal Asset Acquires 2 Million SF

Houston Market Gains Momentum in May

Swift Packing Plant Redo in The Heights

Transwestern Sells Office Building

Austin Tops Graduate Friendly List

RNR Real Estate Briefs – Texas & more

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Austin Firm Buys Energy Corridor Project

by Realty News ReportOctober 31, 2019
Share0
The Alexan Enclave apartments have been acquired by an Austin multifamily investment firm.

HOUSTON – (Realty News Report) – F&B Capital has acquired Alexan Enclave, a 354-unit apartment community located in West Houston’s Energy Corridor.

JLL marketed the property on behalf of the seller, Trammell Crow Residential and Cigna Investment Management.

F&B Capital, an Austin-based real estate investment firm, purchased the project free and clear of existing financing. Additionally, JLL worked on behalf of the new owner to place the acquisition loan.

Alexan Enclave is located at 13411 Briar Forest Drive across from Parkway Village retail center.

Completed in 2014, the mid-rise, wrap-style multifamily property near The Enclave, an 878-acre office park.

Alexan Enclave consists of two four-story buildings and a six-story parking garage. Units average 909 square feet.

The JLL Capital Markets team representing the seller was led by Senior Managing Directors Todd Marix and Chris Curry and Analyst Bailey Crowell.

“Alexan Enclave offers excellent long-term growth potential for new ownership,” Curry said. “The buyer was able to obtain a best-in-class, non-commodity asset below replacement cost in a strengthening Energy Corridor submarket, which currently has no new multi-housing units under construction.”

JLL’s Capital Markets debt placement team representing the new owner was led by Managing Director Cameron Cureton and Senior Managing Director Matt Kafka.

F&B Capital was founded in 2010 by Hank Farrell III and Jason Berkowitz. F&B Capital is a real estate investment firm specializing in multifamily acquisitions and redevelopments throughout Texas.

Oct. 31, 2019 Realty News Report Copyright 2019

Read The New Book by Ralph Bivins, Editor of Realty News Report 

 Houston 2020: America’s Boom Town – An Extreme Close Up

Available on Amazon  http://tiny.cc/4a2g6y
Share0
previous post
Houston has 51 Million Square Feet of Vacant Office Space – Can It Ever Be Filled?
next post
Tampa Firm Buys Two Multifamily Projects in Houston

Related posts

Principal Asset Acquires 2 Million SF

Realty News ReportJune 12, 2025

Houston Market Gains Momentum in May

Realty News ReportJune 12, 2025

Swift Packing Plant Redo in The Heights

Realty News ReportJune 11, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact