Trinity Equity Group purchased multifamily property Cypress Parc from Lionel Partners this week. The purchase was made using a $15 million loan from NexBank, according to a press release from MultiHousing News.
Located at 18001 Cypress Trace Road in Houston, Cypress Parc is within walking distance from Cypress Station shopping mall and Cypress Creek Parkway. The 200-unit multifamily community consists of two- and three-bedroom floorplans and across 36 buildings with garden-style exteriors. Units range in size from 926 to 1,420 square feet. Amenities within the community include a swimming pool, fitness center, picnic area, volleyball court, parking lot and playground.
Berkadia represented Lionel Partners in the sale.