CB Richard Ellis brokers Sean Cunningham and Tyler Anderson of CB Richard Ellis' Phoenix office have represented SSR Apartment Value Fund LP, the San Francisco-based seller in the deal. Houston office CB Richard Ellis broker, Craig LaFollette, has assisted in the negotiations.
Located at 9801 Meadowglen, the complex had a 94% occupancy rate at sale time. This marks one of 135 multifamily communities, totaling 44,000 units, that the CB Richard Ellis team of Cunningham and Anderson has sold in the past three years. The tally involves more than $2.2 billion in multifamily deals in 20 major markets. Located in the Galleria area, the 120-member CB Richard Ellis Houston office manages 8.1 million sf and had racked up $6.9 billion in 1999 sales and lease assignments.
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