HOUSTON, TX – Cushman & Wakefield has arranged the sale of two multifamily communities – Amalfi at Tuscan Lakes and Sorrento at Tuscan Lakes. The communities are in League City, Texas and together total 532 units.
John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall, and Grant Raymond of Cushman & Wakefield represented the seller in the transaction. Both multifamily communities were sold by Sachs Companies.
“These institutional quality assets provide immediate scale in the submarket, and will continue to appreciate under new ownership,” said Carr, Managing Director at Cushman & Wakefield.
Amalfi Tuscan Lakes and Sorrento Tuscan Lakes have 328 and 204 units, respectively, and are located at 1450 E League City Pkwy and 1455 Louisiana Ave. Both communities are strategically positioned in the rapidly growing Houston suburb of League City where residents enjoy convenient access to an abundance of employment centers and retail establishments. The communities were built in 2008 but represent a timeless portfolio with attractive architecture, well-groomed landscaping, and a multitude of community amenities such as pools, fitness centers, dog parks, and picnic areas.
Cushman & Wakefield’s Sunbelt Multifamily Advisory Group is a 110-person investment sales team covering 11 states with No. 1 multifamily market share in that region based on sales volume and transactions reported to CoStar. Per Cushman & Wakefield, in 2023, the group has closed $3.2 billion in sales volume through 105 deals and nearly 18,000 units. For more information about the Sunbelt Multifamily Advisory Group, visit multifamily.cushwake.com