Trinity Equity Group acquires multifamily property from Lionel Partners

by Emily Marek

Map of Cypress Parc

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.

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