Houston, July 28, 2022 – Colliers has announced the sale of Vineyard Trace Apartments at 15414 Kuykendahl Road, Houston, TX. The seller, Windmill Investments, LLC was represented by Bob Heard, Chip Nash and Jaleel Adatia of Colliers.

Vineyard Trace Apartments boasts 238 garden-style apartment units spread over 8.45 acres. A strong mix of one, two and three-bedroom apartments, optimal community amenities as well as a location in Spring ISD positions this property with the perfect significant value-add potential. Two pools, a clubhouse, a sports court, a laundry facility, barbecue grills, security gate access and a playground create optimal amenities that will benefit long-term profit.

Vineyard Trace Apartments is located in the Willowbrook area of Harris County. This high-growth area has limited supply and above-market rent growth.

“Vineyard Trace is a true value add asset that is well received in the community and offered new ownership the opportunity to continue the premium upgrades that were already in progress,” said Bob Heard of Colliers Houston. “Despite volatility in the capital markets during the marketing of this property, we were able to get this deal across the finish line. It was a pleasure working with the entire Vineyard Trace ownership group and the buyer, Brookeast Capital LLC. Congratulations to all involved!”

The property is located in Houston’s Willowbrook/Champions/Ella apartment submarket. The submarket contains 40,643 units contained in 161 projects, which is currently 92.8% occupied. The average monthly rental rate is $1,107 per unit.