HOUSTON, TX – Berkadia announces it has arranged the sale of The Retreat at Shadow Creek Ranch, a 370-unit multifamily asset in Pearland. Senior Managing Director Ryan Epstein and Director Jennifer Ray of Berkadia’s Houston office arranged the sale on behalf of Inland Private Capital Corporation, a real estate investment firm based in Oak Brook, Illinois. The buyer was Goldman Sachs Asset Management Private Real Estate.
“The property is found within a planned utility district (PUD), which has already met a set amount of utilities and number of tracts allotted for multifamily development. The decrease in deliveries, coupled with the PUD’s virtually nonexistent capability for new projects, create an opportunity for long-term growth and value appreciation,” said Epstein.
Built in 2013, Retreat at Shadow Creek Ranch is located at 2500 Business Center Drive. One-, two-, and three-bedroom units include large walk-in closets, an oval garden tub, faux stainless-steel appliances, washer/dryer, island kitchen, and granite countertops. Community amenities include an outdoor media lounge, tot pool & tot lot, pet park, picnic areas with barbecue grills, car wash station, clubhouse, and fitness center.
Situated near major transit corridors and employment hubs, Retreat at Shadow Creek Ranch offers convenient access to metro Houston and surrounding neighborhoods. Pearland Town Center and Pearland Medical Center are less than 10 minutes away, and Pearland Regional Airport is under 30 minutes away. South Freeway is less than 10 minutes away, providing a direct route to Downtown Houston, and Sam Houston Freeway is about 10 minutes away, offering access throughout the city’s middle loop areas.