Berkadia Completes Sale of Multifamily Property in Houston
HOUSTON – June 21, 2022 – Berkadia Institutional Solutions announced today the sale of The Dacoma, a 263-unit multifamily housing property located in Houston, Texas. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston Investment Sales completed the sale on behalf of the seller, Texas-based Allen Harrison Company. The buyer is a California-based investor, and the deal closed on May 18.
“Dacoma is the newest apartment community in the growing Brookhollow submarket of Central Houston,” said Skipworth. “The recent sale of this superb asset will help fuel the growth of the Brookhollow neighborhood, as renters and developers look for more affordable locations proximate to the Houston 610 Loop.”
Located at 3900 Dacoma St., The Dacoma features studio-, one- and two-bedroom floor plans with walk-in closets. Community amenities include a swimming pool and a fitness center. Residents are afforded convenient access to Wortham Island Reserve, Dyer and Delmar Stadiums and the shops and restaurants near Interstate 610 and Route 290.