Hamilton Zanze, a San Francisco-based multifamily real estate investment firm, announced that it has sold Villages at Parktown, a 309-unit garden-style community in Deer Park, Texas. The firm sponsored the acquisition of the property in May 2014 and closed the sale Dec. 19.
“We are thrilled with the sale of Villages at Parktown,” said Anthony Ly, senior director of transactions at Hamilton Zanze. “This community represented a unique opportunity in a limited-supply submarket, and its larger units, including some as spacious as 1,600 square feet, proved highly attractive to residents. By building on that foundation through unit upgrades and the addition of a brand-new clubhouse and pool, we were able to create a better resident experience.”
Situated at 500 W. Pasadena Blvd., Villages at Parktown features one-, two-, three- and four-bedroom homes ranging from 810 to 1,600 square feet. The Gulf Plains location is approximately 20 miles southeast of Houston and 10 m
