Investor Purchases Multifamily Enclave Free and Clear
Alexan Enclave, a 354-unit class-A multifamily community located in West Houston’s Energy Corridor, has sold to F&B Capital, which purchased the offering free and clear of existing financing.
HOUSTON—Alexan Enclave, a 354-unit class-A multifamily community located in West Houston’s Energy Corridor, has sold for an undisclosed price. F&B Capital purchased the offering free and clear of existing financing. Alexan Enclave is located at 13411 Briar Forest Dr. across from Parkway Village.
JLL marketed the property exclusively on behalf of the seller, Trammell Crow Residential and Cigna Investment Management. The JLL capital markets team representing the seller was led by senior managing directors Todd Marix and Chris Curry, and analyst Bailey Crowell. Additionally, JLL worked on behalf of the new owner to place the acquisition loan on F&B’s behalf.