HOUSTON, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of The Villas at Sienna Plantation, a 190-unit, Class A+ multi-housing community within the Sienna Plantation master-planned community in the southwest Houston suburb of Missouri City.
HFF marketed the property on behalf of the seller, a joint venture between Watermark Residential and Murphy O’Brien. Sun Holdings Group purchased the asset for an undisclosed amount free and clear of existing debt.
The Villas at Sienna Plantation is located at 8585 Sienna Springs Boulevard within Sienna Plantation, a 10,000-acre, mixed-use, master-planned golf course community situated just off State Highway 6 in Missouri City. The community is approximately 12 miles from Sugar Land, 18 miles from the Texas Medical Center and 23.5 miles southwest of downtown Houston. Completed in 2015, the two-story community spans 12.21 acres and has one-, two- and three-bedroom floor plans averaging 1,103 square feet each. Community amenities include a resort-style swimming pool with tanning ledge, poolside cabanas, poolside grilling area, fully-equipped fitness center, enclosed dog park, clubhouse, conference room, and game room with shuffle board, billiards table and arcade gaming area.
The HFF investment sales team representing the seller was led by Todd Marix, Todd Stewart, Chris Curry and JC Clemens.
About Watermark Residential: Founded in 2008, Watermark Residential (Watermark) has swiftly become a nationally recognized multifamily development and residential management company. Watermark communities epitomize the company’s commitment to quality and value while exhibiting meticulous attention to detail. Innovative and aesthetically pleasing designs complement each community’s surroundings, and care is taken to ensure that amenity packages and individual apartment homes are superior.
About Murphy O’Brien: Murphy O’Brien, formerly JSQ Commercial, is a fully-integrated real estate company with core competencies in investments, development, management and advisory services. Murphy O’Brien has 67 years of asset-level expertise in brokerage, property management, leasing, construction management and capital markets. Principals in the firm have acquired, developed, or negotiated commercial real estate transactions valued in excess of $3 billion. These transactions include office, mixed-use, multifamily and debt transactions.
About Sun Holdings Group: Sun Holdings Group (SHG) is a premier 25-year-old real estate investment and management company with broad experience and expertise in residential, hospitality and retail sectors. Since its inception, SHG has remained committed to three guiding principles that constitute the foundation of its success, and upon which it builds its future: disciplined underwriting and focus on steady long-term growth; intimate familiarity with the market and “hands-on” approach; and contribution of a lion share of the equity in every investment. SHG is currently involved in ownership and management of more than $500 million worth of properties.
About HFF: HFF (Holliday Fenoglio Fowler, L.P.) and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF. Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.